Cost of Living in Chino Valley, AZ

With a cost of living index of 98, Chino Valley, AZ is right around the national average in cost. Living here is 2% cheaper than the national average and 9% above the Arizona state average of 89. Chino Valley is a smaller community of 13,372 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Chino Valley's cost of living. The median monthly rent is $1,178 (11% below the US median of $1,319), and the median home value sits at $352,100 (15% above the national median of $304,900). At current prices, the median home costs roughly 5.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Chino Valley is $59,733, which is 21% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Chino Valley. The area sees an average annual temperature of 56.7°F, with summers averaging 74°F and winters around 40°F. Annual rainfall totals 12.9 inches spread over roughly 61 days.

Everyday prices in the Prescott Valley-Prescott, AZ (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.