Salary & Cost of Living in Prescott, AZ
Prescott, AZ: $46,315 median salary, cost of living index 104.1, $14.35/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$46,315
$22/hr
Cost of Living
104.1
US avg = 100
Minimum Wage
$14.35
per hour
Unemployment
4.1%
rate
Prescott, AZ Overview
Population
45,827
Median Salary
$46,315
Average Salary
$51,873
Avg Commute
19 min
Median Home Price
$333,000
Median Rent
$1,355/mo
Job Growth
+1.5%
Sales Tax
5.6%
Prescott is located in Arizona with a population of 45,827. The median household salary is $46,315 per year ($22/hour), which is $13,069 below the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +1.5%.
Prescott Salary by Experience Level (2026)
Wage distribution in Prescott, AZ based on BLS percentile breakdown of the $46,315 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $28,715 | $13.81/hr | 0–2 years |
| Mid-Level (Median) | $46,315 | $22.27/hr | 3–7 years |
| Senior-Level | $65,767 | $31.62/hr | 8–15 years |
| Top 10% (90th Percentile) | $82,441 | $39.64/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Prescott Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Prescott, AZ, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$38,095
$3,174.56/month · $1,465.18/biweekly · Effective Rate: 17.7%
Gross Pay
$46,315
Federal Tax
-$3,519
State Tax
-$1,158
Local Tax
$0
FICA
-$3,543
Net Pay
$38,095
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,859.58 | $46,315.00 |
| Federal Income Tax | -$293.28 | -$3,519.30 |
| Arizona State Tax (2.5%) | -$96.49 | -$1,157.88 |
| Social Security (6.2%) | -$239.29 | -$2,871.53 |
| Medicare (1.45%) | -$55.96 | -$671.57 |
| Net Take-Home Pay | $3,174.56 | $38,094.73 |
Salary Comparison: Prescott vs Other Cities
See how Prescott's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Prescott, AZ | $46,315 | 104.1 | $44,491 |
| National Average | $59,384 | 100 | $59,384 |
| Newark, OH | $46,321 | 82.4 | $56,215 |
| Lincoln Park, MI | $46,299 | 81.4 | $56,878 |
| Franklin, WI | $46,299 | 88 | $52,613 |
| Mount Lebanon, PA | $46,293 | 93.5 | $49,511 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Prescott
Prescott's cost of living index is 104.1 (national average = 100). Living in Prescott is 4.099999999999994% more expensive than the national average.
Median Home Price
$333,000
Median Monthly Rent
$1,355
Annual Rent Cost
$16,260
Your Salary's Purchasing Power
Your $38,095 annual take-home pay in Prescott has the purchasing power of approximately $36,594 in an average-cost US area. You would need to earn $48,214 in Prescott to match a $46,315 salary in an average-cost city.
Top Industries in Prescott
Prescott's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $46,315.
Salary Tips for Prescott Workers
- Research top industries. Prescott's top industries include Technology, Healthcare, Tourism. Targeting roles in these sectors can help you earn above the $46,315 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Prescott salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Prescott-AZ metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Prescott indexed at 104.1.
- Median salary calculation: weighted average of Prescott's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $46,315 annual median.
- Tax burden reflects Arizona state income tax (2.5%) (no local income tax), sales tax (5.6%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Prescott: 4.1%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Technology, Healthcare, Tourism — based on QCEW employment concentration data.
- Job growth: 1.5% projected through 2034, derived from BLS Employment Projections program for Arizona.
- Housing context: median home price $333,000, median rent $1,355/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Prescott, AZ:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Prescott unemployment rate
- U.S. Census Bureau — Prescott QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Arizona — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Prescott's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Arizona labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in Prescott, AZ?
The median salary in Prescott, AZ is $46,315 per year, or $22 per hour. The average salary is $51,873. This is $13,069 below the national median of $59,384.
What is the cost of living in Prescott, AZ?
Prescott's cost of living index is 104.1 (national average = 100), meaning it is 4.099999999999994% more expensive compared to the national average. The median home price is $333,000 and the median monthly rent is $1,355.
What are the best industries in Prescott?
The top industries in Prescott, AZ include Technology, Healthcare, Tourism. The city has a job growth rate of 1.5% and an unemployment rate of 4.1%. Workers in these industries often earn above the city's median salary of $46,315.
How does Prescott's salary compare to other cities?
Prescott's median salary of $46,315 is 22.0% below the national median of $59,384. However, when adjusted for cost of living (index: 104.1), the real purchasing power is approximately $44,491.
What is the minimum wage in Prescott, AZ?
The minimum wage in Prescott, AZ is $14.35 per hour. This equals approximately $29,848 per year for a full-time worker (40 hours/week). This is $7.10 above the federal minimum wage of $7.25/hour.