Cost of Living in Prescott, AZ
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
128.2
100 = national avg
+28.2 vs national average
Living Wage (1 Adult)
$56,411
per year
Living Wage (Family of 4)
$133,334
per year
Cost Index by Category
Housing179.3
Food102.9
Transportation81.2
Healthcare102.3
Utilities117.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,309
per month
2 Bedroom
$1,637
per month
The overall cost of living index in Prescott is 128.2, which is 28.2% above the national average. Housing costs are above the national average at an index of 179.3. A single adult needs to earn approximately $56,411 per year to cover basic expenses.