Cost of Living in Prescott, AZ
Population: 46,744 • 2026 Data
$69,151
Median Household Income
-11% vs national
$1,304
Median Monthly Rent
-3% vs national
$528,500
Median Home Value
+56% vs national
4.6%
Unemployment Rate
Housing in Prescott
The median home value in Prescott, AZ is $528,500. Monthly rent for a typical unit averages $1,304, while total monthly housing costs (including utilities and insurance) average $1,083.
Rent-to-income ratio: 22.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Prescott, AZ is $69,151. The unemployment rate stands at 4.6%, with a labor force of 17,920 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.