salaryRent is higher than in 57% of U.S. cities. A typical house costs about 7.4 years of household income, so buying is hard for most locals. Commutes are short, about 19 minutes.
How much money do I need?
To rent here comfortably, you should earn about $71,640 a year. That is $34 an hour at a full-time job.
Is rent cheaper than other Arizona cities?
No. Rent here is more expensive than in most of Arizona. It is number 52 of 93 cities from cheapest to most expensive.
How much do households earn in Prescott?
Share of households by yearly income. 25.6% of households earn $100,000 or more.
Rent by apartment size in Prescott
| Size | Prescott | U.S. average |
|---|---|---|
| Studio | $1,025 | $1,338 |
| 1 bedroom | $1,286 | $1,324 |
| 2 bedrooms | $1,561 | $1,509 |
| 3 bedrooms | $1,869 | $1,698 |
| 4 bedrooms | $2,098 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Prescott overall?
Everyday prices in the Prescott Valley-Prescott metro area are 2% below the U.S. average (index 98.3, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Prescott
Life in Prescott
What jobs pay in Prescott
| Job | Median pay | Rent / pay |
|---|---|---|
| Pharmacist | $152,560 | 14.1% |
| Physician Assistant | $135,630 | 15.8% |
| Nurse Practitioner | $135,160 | 15.9% |
| Lawyer | $128,020 | 16.8% |
| Software Developer | $125,590 | 17.1% |
| Registered Nurse | $104,980 | 20.5% |
| Dental Hygienist | $98,050 | 21.9% |
| Computer Systems Analyst | $95,520 | 22.5% |
| Civil Engineer | $94,800 | 22.7% |
| Operations Manager | $78,400 | 27.4% |
| Licensed Practical Nurse | $77,800 | 27.6% |
| Accountant | $77,770 | 27.6% |
| Police Officer | $74,030 | 29.0% |
| Market Research Analyst | $61,010 | 35.2% |
| Electrician | $60,380 | 35.6% |
| Plumber | $58,670 | 36.6% |
| HVAC Technician | $58,280 | 36.9% |
| Truck Driver | $58,210 | 36.9% |
| Carpenter | $56,570 | 38.0% |
| Firefighter | $49,240 | 43.6% |
| Elementary School Teacher | $47,400 | 45.3% |
| Medical Assistant | $45,820 | 46.9% |
| Nursing Assistant | $45,180 | 47.6% |
| Warehouse Worker | $39,790 | 54.0% |
| Customer Service Representative | $39,280 | 54.7% |
| Restaurant Cook | $37,380 | 57.5% |
| Server (Waiter/Waitress) | $36,670 | 58.6% |
| Retail Salesperson | $35,290 | 60.9% |
| Cashier | $34,350 | 62.6% |
Is it cheaper to rent or buy in Prescott?
Renting is cheaper right now: about $2,123 a month less.
Owning assumes a typical $564,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $56,410 for the down payment.
Frequently asked questions
What is the average rent in Prescott, AZ?
Renting in Prescott costs a median of about $1,791 a month in 2026, including utilities. The Arizona median is $1,671.
How much do I need to make to live in Prescott?
To keep rent under 30% of income, you need about $71,640 a year, or $34 an hour at a full-time job.
Is Prescott cheap or expensive?
Prescott is rated OK: rent takes 28.1% of the typical household income of $76,438. It ranks 52nd cheapest of 93 Arizona cities we track.
How much are property taxes in Prescott?
The median homeowner in Prescott pays $1,885 a year in property taxes, about 0.33% of the median home value.
Is Prescott more expensive than the national average?
Overall prices in the metro area are 2% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Prescott?
The median home value in Prescott is $564,100, about 7.4 times the typical yearly household income.
47,400 people live in Prescott. Numbers are typical (middle) values.