Prescott Valley has the 713th largest population in the United States. The population grew by 8.5% from 2010 to 2015, which was faster than the national average. Prescott Valley is part of the Prescott metro area. Unemployment in the Prescott area is 4%, which is higher than the national average, and is getting better. Prescott has the 313th largest local economy in the US, and a low cost of living. The average pay for jobs in Prescott Valley is below average at $39,300, and the median cost of a home in Prescott Valley is $164,400, which is below the national average. 18% of workers in Prescott Valley hold a bachelors degree or higher (above average), and 89% of workers have a high school degree (above average). Driving to work is especially common in Prescott Valley. 74% of Prescott Valley workers drive to work alone, 0% take public transit, 13% carpool, and 12% walk. People in Prescott Valley spend an average of 22 minutes commuting to work, which is shorter than the national average of 26 minutes.