Cost of Living in Oak Creek Canyon, AZ

With a cost of living index of 99, Oak Creek Canyon, AZ is right around the national average in cost. Living here is 1% cheaper than the national average and 10% above the Arizona state average of 89. Oak Creek Canyon is a small community of 321 residents.

Housing costs are the biggest factor in Oak Creek Canyon's cost of living. The median monthly rent is $1,292 (2% below the US median of $1,319), and the median home value sits at $326,900 (7% above the national median of $304,900). At current prices, the median home costs roughly 8.8x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Oak Creek Canyon is $37,330, which is 50% lower than the national median of $75,149. Residents spend roughly 42% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents.

Climate is another factor for anyone considering a move to Oak Creek Canyon. The area sees an average annual temperature of 46.8°F, with summers averaging 64°F and winters around 31°F. Annual rainfall totals 20.5 inches spread over roughly 82 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.