Florence, AZ vs Prescott Valley, AZ

Florence is moderately more affordable than Prescott Valley, with a 9.7% lower cost of living index. Florence scores 98 compared to 109 for Prescott Valley, where the US average is 100. This difference means residents of Prescott Valley can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Florence is $1,163/month compared to $1,471/month in Prescott Valley — a 21% difference. Home values follow the same pattern: Florence is more affordable at $322,600 median vs $376,300.

Median household income in Florence is $76,259 compared to $70,793 in Prescott Valley (+7.7%). Florence offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Florence spend roughly 18.3% of their income on rent, less than the 24.9% in Prescott Valley.