Cost of LivingUpdated 2026-11-11

Prescott Valley, Arizona

Living in Prescott Valley, Arizona is about 3% more expensive than the national average, with a cost of living index of 103 (US = 100). Typical rent is $1,883 a month, 3% below the national figure of $1,932, and regular gas costs $4.23 a gallon versus $3.98 nationally as of November 11, 2026. Rent, gas, groceries, electricity and car insurance take about 49% of the area's $72,581 median household income.

Key Numbers

Gas (Regular)

$4.23

National: $3.98

โ†‘ 222.2%since 2000
โœ“ AAA Gas Prices

Avg Rent (All)

$1,883

National: $1,932

โ†‘ 13.8%since 2021
โœ“ Zillow ZORI Prescott Valley, AZ metro (2026-09)

Grocery Inflation

1.77%

Year-over-year

โœ“ BLS/FRED CPI

Fast Food Avg

$14.29

Combo meal

โ†‘ 5.4%YoY

Electricity

15.05ยข

per kWh ยท ~$135/mo

โ†“ 18.4%vs US avg
โœ“ EIA Residential

Car Insurance

$133/mo

$1,596/yr

โ†“ 25.8%vs national avg
โœ“ Bankrate/NAIC

Median Household Income

$72,581

48.9% goes to essentials

โ†“ 48.9%cost burden
โœ“ Census ACS 2023
๐Ÿš—

Car Insurance

Avg $1,596 in Prescott Valley. Compare rates:

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Find Apartments

Avg rent $1,883/mo in Prescott Valley. Browse listings:

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Grocery Prices

Grocery Prices โ€” 2000 to Present

National BLS averages ยท submit local prices below โ†“

Eggs (dozen)

Bird flu volatility

$0.97 in 2000 โ†’ $2.32 BLS avg

$1.79 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+137.9%

Milk (gallon)

$2.79 in 2000 โ†’ $4.10 BLS avg

$3.99 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+47.3%

Ground Beef (lb)

$1.48 in 2000 โ†’ $6.75 BLS avg

$6.49 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+355.5%

Bread (loaf)

$0.91 in 2000 โ†’ $1.86 BLS avg

$4.79 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+105.2%

Chicken Breast (lb)

$1.06 in 2000 โ†’ $2.03 BLS avg

$4.89 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+91.3%

Butter (lb)

$3.98 BLS avg

$5.29 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

-4.2% since 2018

Bacon (lb)

$2.75 in 2000 โ†’ $6.69 BLS avg

$3.99 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+143.1%

Cheddar Cheese (lb)

$3.84 in 2000 โ†’ $6.13 BLS avg

$4.00 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+59.6%

Pasta (lb)

$0.88 in 2000 โ†’ $1.38 BLS avg

$1.65 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+57.1%

Rice (5 lb)

$2.50 in 2000 โ†’ $5.50 BLS avg

$4.72 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+120.6%

Coffee (12 oz)

$2.65 in 2000 โ†’ $6.94 BLS avg

$9.99 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+161.3%

Orange Juice (64 oz)

Citrus shortage

$5.42 estimate

+45.7% since 2022

Potatoes (5 lb)

$1.96 in 2000 โ†’ $4.95 BLS avg

$3.59 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+152.6%

Apples (3 lb)

$5.20 estimate

$2.49 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+15.8% since 2022

Tomatoes (lb)

$1.44 in 2000 โ†’ $2.08 BLS avg

$1.69 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+44.4%

Lettuce (head)

$0.75 in 2000 โ†’ $1.96 BLS avg

+162.3%

Cooking Oil (48 oz)

$7.76 estimate

$3.99 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+40.1% since 2022

Yogurt (32 oz)

$4.94 estimate

$6.79 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+19.0% since 2022

Cereal (family size)

$6.20 estimate

$5.00 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+29.4% since 2022

Frozen Pizza

$8.65 estimate

$4.99 @ Fry's Food And Drug - Glassford Hill Florentine (Nov 2026)

+37.1% since 2022

Dining & Restaurants

Fast Food Meal

$14.29

Casual Dining

$26.13

Monthly Spend

$457.46

+5.41% YoY

Chain Restaurant Meal Prices โ€” 2022 vs. Today

Combo meal / typical order for one

McDonald's

2022: $8.36

$13.49

+61.4%

Wendy's

2022: $9.44

$14.57

+54.3%

Chipotle

2022: $10.12

$15.11

+49.3%

Starbucks

2022: $4.58

$6.36

+38.9%

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Looking for an Apartment in Prescott Valley?

Average 1BR: $1,544/mo ยท 2BR: $2,222/mo

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Prescott Valley Cost of Living FAQ

Is Prescott Valley, AZ expensive to live in?

Prescott Valley has a cost of living index of 103, where 100 is the US average, so it is about 3% more expensive than average. It is the 3rd most affordable of the 8 Arizona cities we track.

What is the average rent in Prescott Valley, AZ?

Typical rent in Prescott Valley is $1,883 a month for all home types as of September 2026, 3% below the national figure of $1,932. One bedroom units average about $1,544 and two bedrooms about $2,222. Source: Zillow Observed Rent Index for the metro area.

Is rent going up in Prescott Valley?

Rent in Prescott Valley rose 0.8% over the past year, slower than the 2.7% change nationally.

How much is gas in Prescott Valley?

Regular unleaded costs about $4.23 a gallon in Prescott Valley as of November 11, 2026, based on the AAA average for Arizona. That is 6% above the national average of $3.98.

How much is electricity in Prescott Valley?

Homes in Arizona pay an average of 15.1 cents per kWh (EIA), versus 18.4 cents nationally. At 900 kWh a month, a typical bill in Prescott Valley is about $135.

How much is car insurance in Prescott Valley?

Full coverage car insurance averages $1,596 a year in Arizona, or about $133 a month (Bankrate and NAIC state average), compared with $2,150 a year nationally.

How much do you need to live in Prescott Valley?

Median household income in the Prescott Valley area is $72,581 (Census ACS 2023, county level). Rent, gas, groceries, electricity and car insurance add up to about $35,467 a year, or 49% of that income. Groceries are counted at $7,112 a year, the average household spend on food at home in the region (BLS Consumer Expenditure Survey).

How does Prescott Valley compare with the rest of Arizona?

Rent in Prescott Valley is 14% above the $1,651 average across the 8 Arizona cities we track, and its cost of living index of 103 compares with a state average of 101.

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