Overall
- Elmira
- 94.4
Diff -3.9 RPP
Prescott Valley-Prescott vs Elmira
Cost of living comparison based on BEA Regional Price Parities. Elmira is 3.9% less expensive than Prescott Valley-Prescott.
3.9% less expensive
Elmira, NY is 3.9% less expensive than Prescott Valley-Prescott, AZ on BEA Regional Price Parities (overall RPP 94.4 vs 98.3). A $100,000 salary in Prescott Valley-Prescott buys about the same as $96,075 in Elmira; the largest component gap is services.
- Overall RPP 98.3 (Prescott Valley-Prescott) vs 94.4 (Elmira)
- $100k in Prescott Valley-Prescott ≈ $96,075 purchasing power in Elmira
- Services drives the gap (+40.1 RPP points)
RPP parity plate
Pair AZ:NY 98.3→94.4
TIER-NEAR · CROSS-STATE · SPLIT-BUDGET · BOTH-BELOW · PP-SHIFT
- TIER-NEAR Near tier
- CROSS-STATE AZ × NY
- SPLIT-BUDGET Split budget
- BOTH-BELOW Both below 100
- PP-SHIFT PP shift
Instrument codes from this pair's BEA Regional Price Parities (overall · goods · services · rents · national benchmark 100 · purchasing-power conversion), not a ranking or recommendation.
Category Breakdown
Goods
- Elmira
- 99.7
Diff +3.5 RPP
Services
- Elmira
- 131.6
Diff +40.1 RPP
Rents
- Elmira
- 76.4
Diff -22.4 RPP
| Category | Prescott Valley-Prescott | Elmira | Difference |
|---|---|---|---|
| Overall | 98.3 | 94.4 | -3.9 |
| Goods | 96.2 | 99.7 | +3.5 |
| Services | 91.5 | 131.6 | +40.1 |
| Rents | 98.8 | 76.4 | -22.4 |
Visual Comparison
Overall
Prescott Valley-Prescott 98.3
Elmira 94.4
Goods
Prescott Valley-Prescott 96.2
Elmira 99.7
Services
Prescott Valley-Prescott 91.5
Elmira 131.6
Rents
Prescott Valley-Prescott 98.8
Elmira 76.4
Vertical line = national average (100)
What This Comparison Actually Tells You
Services creates the largest separation: Elmira is 40.1 points higher. But services and goods move against the overall direction, so this is a split budget rather than a clean across-the-board winner.
Elmira, NY is 3.9% less expensive than Prescott Valley-Prescott, AZ, a meaningful but not extreme shift. The move decision turns on which budget category creates the 3.9-point overall gap.
Both metros remain below the U.S. benchmark of 100. This comparison chooses between two below-average price levels; “more expensive” here does not mean nationally expensive.
Comparable population context is incomplete for this pair, so no market-scale explanation is inferred from the price indexes.
For a service-heavy household, test childcare, health, and other locally supplied costs before relying on rent alone. The BEA ratio converts $100,000 in Prescott Valley-Prescott to $96,075 in Elmira, but it is not a personal spending weight.
Prescott Valley-Prescott
98.3
Cost Index
Elmira
94.4
Cost Index
Salary Equivalents
What a salary in Prescott Valley-Prescott would need to be in Elmira for the same purchasing power:
| In Prescott Valley-Prescott | In Elmira | Difference |
|---|---|---|
| $50,000 | $48,037 | $-1,963 |
| $75,000 | $72,056 | $-2,944 |
| $100,000 | $96,075 | $-3,925 |
| $150,000 | $144,112 | $-5,888 |
$ in Prescott Valley-Prescott = in Elmira
Same BEA Regional Price Parity ratio as the table above (98.3 → 94.4), computed live from your number, nothing is sent anywhere.
How the Price Gap Changed
Prescott Valley-Prescott and Elmira share 17 published annual releases from 2008 through 2024. Their overall gap narrowed, moving from 7.3 to 3.9 RPP points. Prescott Valley-Prescott remained the higher-index metro in the latest release.
Rents changed the most within this pair: its gap moved 17.1 points between the first and latest shared releases (39.5 to 22.4 points). This describes a relative price-index history, not a forecast or a household budget.
| Release Year | Prescott Valley-Prescott RPP | Elmira RPP | Relative Gap |
|---|---|---|---|
| 2008 | 103.0 | 95.7 | 7.3 points Prescott Valley-Prescott higher |
| 2012 | 96.5 | 94.4 | 2.1 points Prescott Valley-Prescott higher |
| 2016 | 98.6 | 95.3 | 3.3 points Prescott Valley-Prescott higher |
| 2020 | 93.2 | 95.3 | 2.1 points Elmira higher |
| 2024 | 98.3 | 94.4 | 3.9 points Prescott Valley-Prescott higher |
Annual BEA Regional Price Parity releases; a higher index means a higher price level relative to the national average of 100. Selected years shown from the full shared series.
Frequently Asked Questions
Is Elmira more expensive than Prescott Valley-Prescott?
Elmira is 3.9% less expensive than Prescott Valley-Prescott. The overall cost index is 94.4 vs 98.3 (national average = 100).
What salary in Elmira equals $100K in Prescott Valley-Prescott?
A $100,000 salary in Prescott Valley-Prescott has the same purchasing power as $96,075 in Elmira. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Prescott Valley-Prescott and Elmira?
Rents in Prescott Valley-Prescott are indexed at 98.8 while Elmira is at 76.4 (national average = 100). Prescott Valley-Prescott has higher rents.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.