Anthem, AZ vs Prescott, AZ

There is a significant gap in the cost of living between these two cities. Prescott is 26.7% cheaper than Anthem. With a cost index of 116 vs 147, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Prescott to Anthem should plan for substantially higher expenses across most categories.

On the housing front, median rent in Anthem is $2,258/month compared to $1,304/month in Prescott — a 73% difference. Interestingly, home values tell a different story: while Prescott has cheaper rent, Anthem actually has lower median home values ($516,200 vs $528,500).

Median household income in Anthem is $117,846 compared to $69,151 in Prescott (+70.4%). While Anthem is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Anthem spend roughly 23% of their income on rent, more than the 22.6% in Prescott.