Prescott Valley, AZ

Yes — Prescott Valley is about 21% more expensive than the national average, with an overall Cost Index of 121. Housing is the biggest factor: the typical home here is valued around $457,727, and monthly rents average roughly $1,748. Day-to-day costs like groceries and utilities tend to run closer to the national norm.

Start with housing. Typical monthly rent is $1,748, while local median household income is $70,793. That implies a rent-burden proxy of about 30% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Arizona has a progressive state income tax with a top rate of 2.5%. The effective property tax rate is 0.62%. On a home worth $457,727, that translates to roughly $2,838 per year in property taxes. Sales tax (state + local) averages around 8.37% on everyday purchases.

The typical monthly rent in Prescott Valley is around $1,748. That's about 30% higher than the $1,348 national median. For comparison, the median home value here is $457,727, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Prescott Valley is valued at $457,727. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,315/month for principal and interest alone — before property taxes and insurance. About 71% of residents here own their homes.

Grocery prices in Prescott Valley are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are about typical (index: 91). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Prescott Valley is a smaller city with a population of about 48,048. The median age of residents is 47.3, skewing somewhat older — common in established suburban communities. The local poverty rate is 12.35%, near the national average of 12.4%.