Cost of Living in Prescott Valley, AZ
Population 49,179 · Census ACS 2020–2024 5-year estimates
The median rent in Prescott Valley, AZ is $1,580/month, 2% higher than the Arizona median and 12% higher than the U.S. median. The median home value is $413,200, 24% higher than the national median. Households earn a median of $74,569 a year, 7% lower than the state median.
Affordability
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Prescott Valley vs. Arizona vs. U.S.
| Prescott Valley | Arizona | U.S. | |
|---|---|---|---|
| Median rent | $1,580 | $1,543 | $1,413 |
| Median home value | $413,200 | $394,500 | $332,700 |
| Median household income | $74,569 | $79,964 | $80,734 |
| Homeownership rate | 72.3% | 67.4% | 65.2% |
| Bachelor's degree or higher | 24.4% | 33.3% | 35.7% |
| Poverty rate | 11.7% | 12.5% | 12.5% |
| Unemployment rate | 2.8% | 5.1% | 5.2% |
| Work from home | 14.0% | 18.4% | 15.1% |
| Median age | 49.2 | 39.0 | 38.9 |
FAQ
What is the average rent in Prescott Valley, AZ?
The median gross rent in Prescott Valley, AZ is $1,580 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Prescott Valley, AZ?
Using the common 30% rule, renting a median-priced home takes about $63,200 a year in gross income.
Is Prescott Valley, AZ expensive to live in?
Rent there is 12% higher than the U.S. median, and the median home costs about 5.5 times the median household income.
Other cities in Arizona
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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