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Prescott, AZ is known for its relatively low cost of living compared to other cities in the United States. Goods and services are around 10-14% cheaper than the national average, making it an attractive destination for retirees and budget-conscious individuals. The median home cost is approximately $265,000 with median rent being $890/month. With a variety of housing options ranging from apartments and condos to single family homes, Prescott offers a wide range of affordability. Utilities such as electricity, water, and internet are also considered affordable in the city. Despite its lower cost of living, Prescott still has plenty to offer with its diverse shopping centers and restaurants, which provide plenty of options for entertainment and leisure activities.Our cost of living indices are based on a US average of 100. An amount below 100 means Prescott is cheaper than the US average. A cost of living index above 100 means Prescott, Arizona is more expensive.
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