Flagstaff, AZ vs Prescott Valley, AZ

Prescott Valley is moderately more affordable than Flagstaff, with a 10.7% lower cost of living index. Flagstaff scores 121 compared to 109 for Prescott Valley, where the US average is 100. This difference means residents of Flagstaff can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Flagstaff is $1,555/month compared to $1,471/month in Prescott Valley — a 6% difference. Home values follow the same pattern: Prescott Valley is more affordable at $376,300 median vs $503,400.

Median household income in Flagstaff is $68,041 compared to $70,793 in Prescott Valley (-3.9%). Prescott Valley offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Flagstaff spend roughly 27.4% of their income on rent, more than the 24.9% in Prescott Valley.