Yavapai County · Arizona · West · 47k residents
Prescott, AZ: economy, jobs & business costs
The site-selection read on Prescott: labor costs, talent, corporate tax, energy, and business activity, with the Arizona median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,089/wk. Arizona's corporate income tax rate is 4.9%. Commercial electricity averages 12.2¢/kWh.
Compare Prescott side by side
Avg. weekly wage
$1,089/wk
Corporate income tax
4.9%
Bachelor's degree or higher
39.9%
Commercial electricity
12.2¢/kWh
Economic momentum
How fast Prescott's economy is moving, ranked against the US cities we track.
52/100
Steady
Ranks Prescott's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $564,100 |
| Price per sq. ft. | $275 |
| Property tax rate | 0.6% |
| 1-bedroom rent | $1,213/mo |
| 2-bedroom rent | $1,472/mo |
| State & local income tax | 1.64% |
| Sales tax | 8.4% |
| Corporate income tax | 4.9% |
| Avg. weekly wage | $1,089/wk |
| Bachelor's degree or higher | 39.9% |
| Commercial electricity | 12.2¢/kWh |
| Businesses per 1k residents | 29.4/1k |
| Wage: Software developer | $125,590 |
| Wage: Registered nurse | $104,980 |
| Wage: General manager | $78,400 |
| Wage: Customer service | $39,280 |
| Wage: Warehouse worker | $37,550 |
| Wage: Heavy truck driver | $58,210 |
| Wage: Electrician | $60,380 |
| Wage: Retail salesperson | $35,290 |
| Cost of living index | 111 |
| Groceries index | 100 |
| Utilities | $190/mo |
| Transit pass | $64/mo |
| Gas price | $3.40/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,150/mo |
| Median household income | $70,874 |
| Unemployment rate | 3.9% |
| Population | 47k |
| Crime index | 50/100 |
| School rating | 4.8/10 |
| Walkability | 30/100 |
| Disaster risk | 94/100 |
| Avg. commute | 26 min |
| Sunny days / year | 290 days |
| July high | 95°F |
| January low | 30°F |
| Annual snowfall | 1 in |
| Home price YoY | -0.6% |
| Home price MoM | -0.3% |
| Rent YoY | +0.8% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | -0.3% |
| Building permits YoY | +56.3% |
| Ocean coast | 269 mi |
| Big lake | 76 mi |
| Mountains | 91 mi |
| Major airport | 101 mi |
| Ski resort | 89 mi |
Popular comparisons
Nearby
- Prescott Valley, AZ · 49k
- New River, AZ · 18k
- Kingman, AZ · 34k
- Lake Havasu City, AZ · 58k
- Anthem, AZ · 23k
Similar size
- Oro Valley, AZ · 48k
- Sierra Vista, AZ · 45k
- Bullhead City, AZ · 42k
- Catalina Foothills, AZ · 53k
- Apache Junction, AZ · 41k
Real listings in Prescott
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Prescott a good place to run a business?
- Arizona's corporate income tax rate is 4.9%; average weekly wages in the surrounding labor market run $1,089/wk; commercial electricity averages 12.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Prescott, AZ?
- Prescott indexes at 111 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,472/mo and a acs median home value of $564,100.
- How much does a house cost in Prescott?
- The acs median home value in Prescott is $564,100 (Census ACS estimate; individual listings vary).
- How much is rent in Prescott?
- A two-bedroom in Prescott rents for about $1,472/mo.