Cost of Living in Dewey-Humboldt, AZ

With a cost of living index of 100, Dewey-Humboldt, AZ is right around the national average in cost. Living here is 0% more expensive than the national average and 11% above the Arizona state average of 89. Dewey-Humboldt is a small community of 4,428 residents.

Housing costs are the biggest factor in Dewey-Humboldt's cost of living. The median monthly rent is $1,089 (17% below the US median of $1,319), and the median home value sits at $411,300 (35% above the national median of $304,900). At current prices, the median home costs roughly 6.4x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Dewey-Humboldt is $64,183, which is 15% lower than the national median of $75,149. Residents spend roughly 20% 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 Dewey-Humboldt. 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.