Payson, AZ vs Prescott Valley, AZ

Payson is moderately more affordable than Prescott Valley, with a 5.6% lower cost of living index. Payson scores 103 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 Payson is $1,355/month compared to $1,471/month in Prescott Valley — a 8% difference. Home values follow the same pattern: Payson is more affordable at $343,200 median vs $376,300.

Median household income in Payson is $65,175 compared to $70,793 in Prescott Valley (-7.9%). While Prescott Valley is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Payson spend roughly 24.9% of their income on rent, less than the 24.9% in Prescott Valley.