Cost of Living in Williams, AZ

With a cost of living index of 104, Williams, AZ is somewhat more expensive than average. Living here is 4% more expensive than the national average and 15% above the Arizona state average of 89. Williams is a small community of 3,322 residents.

Housing costs are the biggest factor in Williams's cost of living. The median monthly rent is $1,122 (15% below the US median of $1,319), and the median home value sits at $457,500 (50% above the national median of $304,900). At current prices, the median home costs roughly 6.9x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Williams is $66,183, which is 12% 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.

Everyday prices in the Flagstaff, 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.