Prescott Valley is a small city in Arizona with a population of approximately 42,000. It's a nice place to settle down, as retirees make up a greater percentage of the population (23%) here than they do nationally (14%), while young adults are less well-represented. Renters tend to be in the minority in the area, and 66% of residents own their homes. Renters in the city benefit from a relatively low average rent of $956 per month, which is $87/month less than the state average.
Many Prescott Valley residents work in one of two industries: retail and healthcare. Together, these industries make up 11% of the city's labor force. Meanwhile, in terms of job function, many workers in these industries are in sales, as 7% of the city's population reports this as their field of work, the highest number of any field. With an average annual income of about $56K, Prescott Valley workers take home less than the average Arizona resident. Prescott Valley's average income also falls below the national average ($73,345). Prescott Valley has a relatively large number of residents over the age of 25 with a high school degree or GED (22%) compared to the national average. Additionally, 9% have a Bachelor's degree and 5% possess a Master's degree or Doctorate.
With an average commute time of about 23 minutes, outperforming most cities in Arizona, Prescott Valley residents find that traveling to work isn't overly time-consuming. Many residents (35%) commute to work by car or truck, while public transit is not used. Walking isn't a common means of commuting to work.
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