Median Age
58 Years
Largest Age Group
65-74 Years
Approximately 20% of Residents
Under 20
14%
Over 65
41%
Avg Rent
$1,451
Population
54,382
Renter Mix
31% Rent
Located in the Bradshaw Mountains at an elevation of 5,400 feet, Prescott combines small-town atmosphere with outdoor adventure. This historic city features diverse housing options, from Victorian homes in the downtown historic district to residential communities near the Granite Dells. According to current data, rental prices range from $1,369 for studios to $1,683 for two-bedroom units, with a slight decrease in rates over the past year. The downtown area centers around the Courthouse Plaza, where historic Whiskey Row showcases boutiques, art galleries, and restaurants. Notable areas include the historic district, the scenic Dells area near Watson and Willow Lakes, and the north end near Embry-Riddle Aeronautical University.
Prescott's landscape offers year-round recreation with over 450 miles of hiking trails, including the Peavine Trail through distinctive granite formations. The city features Watson Lake, Willow Lake, several golf courses, and access to Prescott National Forest. Local landmarks include the Sharlot Hall Museum, showcasing territorial history, and the Museum of Indigenous People. Community events bring the city to life throughout the year, including the World's Oldest Rodeo, running continuously since 1888, and the annual Courthouse Christmas lighting. Prescott College contributes to the educational landscape, while the moderate four-season climate maintains average summer highs in the upper 80s and winter lows in the 20s.
Saddle up and enjoy panoramic views along Williamson Valley’s beautiful trails.
Many Prescott Lakes residents head to Whiskey Row in Prescott for an evening on the town.
Williamson Valley Road boasts charming new traditional homes with rustic elegance.
Median Household Income
$62,621
Average: $87,401
Education
18,830
Residents Have a Degree
Job Market
19,941
Workers Employed
Median Age
58 Years
Largest Age Group
65-74 Years
Approximately 20% of Residents
Under 20
14%
Over 65
41%
Housing Distribution
Prescott has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of April 2026, the average apartment rent in Prescott, AZ is $1,363 for a studio, $1,448 for one bedroom, $1,767 for two bedrooms, and $1,814 for three bedrooms. Apartment rent in Prescott has increased by 0.1% in the past year.
The cost of living in Prescott, AZ is 24.6% higher than the national average. Generally, housing in Prescott is 72.8% more expensive than the national average, with rent falling between $1,363 - $1,814. You can expect to pay 2.7% more for groceries, 9.7% less for utilities, and 4.3% more for transportation.
Compare Cities
Explore how walkable, bikeable, drivable, and transit-friendly Prescott, AZ is for everyday living.
Fairly Walkable
Walkability
Exceptionally Drivable
Drivability
Moderately Bikeable
Bikeability
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.