Is Phoenix, AZ cheaper than Prescott, AZ?

Based on cost of living data, Phoenix, AZ is 1.6% cheaper than Prescott, AZ. This translates to saving $117 per month.

What salary do I need in Phoenix, AZ to live like I do in Prescott, AZ?

If you earn $150,000 in Prescott, AZ, you'd need approximately $148,597.363 in Phoenix, AZ to maintain the same standard of living.

How does housing cost compare between Prescott, AZ and Phoenix, AZ?

Housing in Phoenix, AZ is 0.6% cheaper than in Prescott, AZ. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ compared to $1,369/month in Prescott, AZ.

How much can I save per month by moving from Prescott, AZ to Phoenix, AZ?

Moving from Prescott, AZ to Phoenix, AZ could save you approximately $117 per month, or $1403 per year, based on a $150,000 salary.

Prescott, AZ vs Phoenix, AZ: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Prescott, AZ — ZIP-level rent data · COL adjusted from Scottsdale, AZ area

Current salary in Prescott, AZ

Numbers update automatically as you type

You'd save $117/month moving to Phoenix, AZ

$150.0K in your current city equals $148.6K in Phoenix, AZ

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 1.6%

Less expensive

Monthly Impact

$117

Savings

Annual Impact

$1.4K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Prescott, AZ

Population:48K

Cost Index:100

Median Home:$531K

Phoenix, AZ

Population:1608K

Cost Index:98

Median Home:$414K

Prescott, AZ

The Grand Canyon State

48K

Population

State Tax

Yes

Located in Arizona, this city has a population of 48K residents.

Phoenix, AZ

The Grand Canyon State

1.6M

Population

State Tax

Yes

Climate

Hot desert

Notable Facts

•Fastest growing major city
•Desert metropolis
•Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: Prescott, AZ vs Phoenix, AZ

Category	Prescott, AZ	Phoenix, AZ	Difference	Change
🚗Transportation	$1,249/mo	$1,489/mo	↑ $240more	19.2%
🛒Groceries	$879/mo	$963/mo	↑ $84.78more	9.7%
⚡All Utilities	$500/mo	$561/mo	↑ $60.77more	12.1%
🏥Healthcare	$539/mo	$589/mo	↑ $49.57more	9.2%
🏠Housing	$2,805/mo	$2,788/mo	↓ $16.55less	0.6%
📦Other	$1,685/mo	$1,677/mo	↓ $7.37less	0.4%

🚗Transportation

↑ 19.2%

Prescott, AZ

$1,249

Phoenix, AZ

$1,489

Difference

$240

🛒Groceries

↑ 9.7%

Prescott, AZ

$879

Phoenix, AZ

$963

Difference

$84.78

⚡All Utilities

↑ 12.1%

Prescott, AZ

$500

Phoenix, AZ

$561

Difference

$60.77

🏥Healthcare

↑ 9.2%

Prescott, AZ

$539

Phoenix, AZ

$589

Difference

$49.57

🏠Housing

↓ 0.6%

Prescott, AZ

$2,805

Phoenix, AZ

$2,788

Difference

$16.55

less

📦Other

↓ 0.4%

Prescott, AZ

$1,685

Phoenix, AZ

$1,677

Difference

$7.37

less

🏠Rent Comparison

Studio

From$941

To$1,390

↑ $449

1 Bed

From$1,091

To$1,510

↑ $419

2 Bed

From$1,369

To$1,750

↑ $381

3 Bed

From$1,903

To$2,330

↑ $427

Prescott, AZZIP-level data

1BR range: $1,530–$1,530/mo

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,656

Monthly in Prescott, AZ

$8,068

Monthly in Phoenix, AZ

$411

Difference

Home Values

Prescott

Phoenix

$531K

Median Value

$414K

↓ -1%

YoY Change

↓ -3.1%

↑ +32.2%

5-Year Change

↑ +30.2%

$531K

Price Range

$274K - $957K

Homes in Phoenix are 22% less expensive than Prescott

Calculate payment - Prescott Calculate payment - Phoenix

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Prescott, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

Phoenix, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

Additional Tax Information

Prescott, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

Phoenix, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.