Cost of Living in Clarkdale, AZ

With a cost of living index of 89, Clarkdale, AZ is a very affordable place to live. Living here is 11% cheaper than the national average and in line with the Arizona state average. Clarkdale is a small community of 4,642 residents.

Housing costs are the biggest factor in Clarkdale's cost of living. The median monthly rent is $897 (32% below the US median of $1,319), and the median home value sits at $344,800 (13% above the national median of $304,900). At current prices, the median home costs roughly 10.6x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Clarkdale is $32,607, which is 57% lower than the national median of $75,149. Residents spend roughly 33% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Clarkdale. 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.