Cost of Living in Williamson, AZ

With a cost of living index of 119, Williamson, AZ is a notably expensive place to live. Living here is 19% more expensive than the national average and 30% above the Arizona state average of 89. Williamson is a smaller community of 6,112 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Williamson's cost of living. The median monthly rent is $919 (30% below the US median of $1,319), and the median home value sits at $703,000 (131% above the national median of $304,900). At current prices, the median home costs roughly 7.9x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Williamson is $89,083, which is 19% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

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.