Cost of Living in Prescott Valley-Prescott, AZ

How far does a $70,000 salary go in Prescott Valley-Prescott? Estimated income taxes on that gross salary total approximately $8,626 per year — combining federal taxes with Arizona's state income tax. Subtract rent for a 2-bedroom apartment ($1,637/month based on HUD Fair Market Rents for the Prescott Valley-Prescott metro area) and the estimated annual take-home is $41,730, or roughly $3,478 per month for everything else: food, transportation, savings, and discretionary spending.

The Prescott Valley-Prescott metro has a cost of living index of 100.6 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). Prescott Valley-Prescott sits close to the national average, meaning everyday expenses are broadly in line with what you'd find across most U.S. cities.

At a $70,000 salary, the estimated 2-bedroom rent in Prescott Valley-Prescott represents approximately 28% of gross income. That approaches the 30% threshold commonly used to define affordability. A smaller unit or a higher salary would improve the picture.