Prescott Valley, AZ

Average · 106

Arizona · Population 48,048 · Updated March 2026

$1,471
Median Rent / Month
$70,793
Median Income
$376,300
Median Home Value
$1,277
Owner Costs / Month

Affordability

How far your income goes in Prescott Valley

24.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Arizona

State-level tax rates that affect your costs

2.5%
Income Tax (Top Rate)
5.6%
Sales Tax
0.62%
Property Tax Rate

Estimated Annual Costs

$17,652
Annual Rent
$1,770
State Income Tax
$2,333
Property Tax (est.)

Cost of Living Overview

Prescott Valley is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 106 (where 100 equals the national median), Prescott Valley residents can expect to pay median rent of $1,471/month while earning a median household income of $70,793/year.

The median home value in Prescott Valley, AZ is $376,300, with typical monthly owner costs around $1,277 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Arizona has a moderate income tax rate of 2.5%. Combined with a 5.6% sales tax rate and 0.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Prescott Valley.

Frequently Asked Questions

Common questions about living costs in Prescott Valley

What is the cost of living in Prescott Valley, AZ?
The cost of living index in Prescott Valley, AZ is 106 (US average = 100). Median monthly rent is $1,471, median household income is $70,793/year, and the median home value is $376,300.
Is Prescott Valley, AZ affordable?
No, Prescott Valley is more expensive than the national average with a cost index of 106. The rent-to-income ratio is 24.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Prescott Valley, AZ?
The median gross rent in Prescott Valley, AZ is $1,471 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,652.
What is the median household income in Prescott Valley?
The median household income in Prescott Valley, AZ is $70,793 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Arizona?
Arizona has a top income tax rate of 2.5%, a sales tax of 5.6%, and an effective property tax rate of 0.62%.