Key Economic Benchmarks
Median Household Income
$74,569$6,214 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Prescott Valley, AZ
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Prescott Valley, AZ
Official FY2026 HUD Fair Market Rents for Prescott Valley-Prescott, AZ MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,129 | $13,548 | $45,160 | 18.2% |
| 1-Bedroom Apartment | $1,309 | $15,708 | $52,360 | 21.1% |
| 2-Bedroom ApartmentBenchmark | $1,637 | $19,644 | $65,480 | 26.3% |
| 3-Bedroom Home | $2,277 | $27,324 | $91,080 | 36.6% |
| 4-Bedroom Home | $2,497 | $29,964 | $99,880 | 40.2% |
50/30/20 Living Budget in Prescott Valley, AZ
Based on the local median household income of $74,569/year ($6,214/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Arizona
Explore net income after federal income tax, FICA, and Arizona state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Arizona with official federal datasets:
Frequently Asked Questions About Living in Prescott Valley, AZ
What is the median household income in Prescott Valley, AZ?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Prescott Valley, AZ is $74,569 per year (approximately $6,214 per month).
What is the average rent in Prescott Valley, AZ?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Prescott Valley, AZ are $1,129 for a studio, $1,309 for 1 bedroom, $1,637 for 2 bedrooms, $2,277 for 3 bedrooms, and $2,497 for 4 bedrooms.
How does the cost of living in Prescott Valley, AZ compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Prescott Valley, AZ is 98.3 (1.7% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Prescott Valley, AZ?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,637/month) in Prescott Valley, AZ requires a minimum gross household income of $65,480 per year ($5,457 per month).
What is a balanced 50/30/20 monthly budget in Prescott Valley, AZ?
For a typical household earning the median income of $74,569/year ($6,214/month) in Prescott Valley, AZ, a balanced 50/30/20 budget allocates $3,107/month to essential needs (rent, utilities, groceries), $1,864/month to discretionary spending, and $1,243/month to savings and debt repayment.
What are typical electricity and utility costs in Prescott Valley, AZ?
Residential electricity rates in Arizona average 15.2¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $137 per month.