Cost of Living in Cornville, AZ

With a cost of living index of 107, Cornville, AZ is somewhat more expensive than average. Living here is 7% more expensive than the national average and 18% above the Arizona state average of 89. Cornville is a small community of 3,356 residents.

Housing costs are the biggest factor in Cornville's cost of living. The median monthly rent is $1,471 (12% above the US median of $1,319), and the median home value sits at $352,200 (16% above the national median of $304,900). At current prices, the median home costs roughly 5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Cornville is $70,925, which is 6% lower than the national median of $75,149. Residents spend roughly 25% 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 Cornville. 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.