Overall
- Farmington
- 87.7
Diff -10.5 RPP
Prescott Valley-Prescott vs Farmington
Cost of living comparison based on BEA Regional Price Parities. Farmington is 10.7% less expensive than Prescott Valley-Prescott.
10.7% less expensive
Farmington, NM is 10.7% less expensive than Prescott Valley-Prescott, AZ on BEA Regional Price Parities (overall RPP 87.7 vs 98.3). A $100,000 salary in Prescott Valley-Prescott buys about the same as $89,265 in Farmington; the largest component gap is rents.
- Overall RPP 98.3 (Prescott Valley-Prescott) vs 87.7 (Farmington)
- $100k in Prescott Valley-Prescott ≈ $89,265 purchasing power in Farmington
- Rents drives the gap (-42.2 RPP points)
RPP parity plate
Pair AZ:NM 98.3→87.7
TIER-GAP · CROSS-STATE · RENT-LED · BOTH-BELOW · PP-SHIFT
- TIER-GAP Clear tier gap
- CROSS-STATE AZ × NM
- RENT-LED Rent-led gap
- 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.
Salary Equivalents
What a salary in Prescott Valley-Prescott would need to be in Farmington for the same purchasing power:
| In Prescott Valley-Prescott | In Farmington | Difference |
|---|---|---|
| $50,000 | $44,632 | $-5,368 |
| $75,000 | $66,949 | $-8,051 |
| $100,000 | $89,265 | $-10,735 |
| $150,000 | $133,897 | $-16,103 |
$ in Prescott Valley-Prescott = in Farmington
Same BEA Regional Price Parity ratio as the table above (98.3 → 87.7), computed live from your number, nothing is sent anywhere.
What This Comparison Actually Tells You
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.
Prescott Valley-Prescott, AZ and Farmington, NM sit in clearly different price tiers, separated by 10.5 RPP points. At this distance, treating the same nominal salary as equivalent would materially change purchasing power.
Rents leads the difference, with Farmington 42.2 points lower than Prescott Valley-Prescott. Goods, services, and rents all point in the same broad direction, making the headline comparison more transferable across household types.
Comparable population context is incomplete for this pair, so no market-scale explanation is inferred from the price indexes.
For a housing-sensitive move, validate the rent gap first: HUD Fair Market Rent and the actual unit size can overturn what the blended index implies. On the BEA ratio alone, $100,000 in Prescott Valley-Prescott corresponds to $89,265 in Farmington.
Category Breakdown
Goods
- Farmington
- 96.1
Diff -0.1 RPP
Services
- Farmington
- 77.9
Diff -13.6 RPP
Rents
- Farmington
- 56.6
Diff -42.2 RPP
| Category | Prescott Valley-Prescott | Farmington | Difference |
|---|---|---|---|
| Overall | 98.3 | 87.7 | -10.5 |
| Goods | 96.2 | 96.1 | -0.1 |
| Services | 91.5 | 77.9 | -13.6 |
| Rents | 98.8 | 56.6 | -42.2 |
Visual Comparison
Overall
Prescott Valley-Prescott 98.3
Farmington 87.7
Goods
Prescott Valley-Prescott 96.2
Farmington 96.1
Services
Prescott Valley-Prescott 91.5
Farmington 77.9
Rents
Prescott Valley-Prescott 98.8
Farmington 56.6
Vertical line = national average (100)
Prescott Valley-Prescott
98.3
Cost Index
Farmington
87.7
Cost Index
Frequently Asked Questions
Is Farmington more expensive than Prescott Valley-Prescott?
Farmington is 10.7% less expensive than Prescott Valley-Prescott. The overall cost index is 87.7 vs 98.3 (national average = 100).
What salary in Farmington equals $100K in Prescott Valley-Prescott?
A $100,000 salary in Prescott Valley-Prescott has the same purchasing power as $89,265 in Farmington. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Prescott Valley-Prescott and Farmington?
Rents in Prescott Valley-Prescott are indexed at 98.8 while Farmington is at 56.6 (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.