Moving to Prescott: Pros, Cons & What to Know

Moving to Prescott means moving to a genuine, independent mile-high-city (5,368 ft) retirement and lifestyle anchor -- Yavapai County's seat, and Arizona's first territorial capital (1864). Prescott's population runs roughly 51,486, with a real, unusually large retiree community (roughly 40% aged 65+) shaping the character of daily life here.

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Don't confuse Prescott city with the separate, larger Prescott Valley

Prescott (city proper, population ~51,486) is a genuinely separate incorporated community from Prescott Valley, a larger, more affordable nearby town frequently conflated with it in real-estate and demographic coverage. Confirm which specific community a given listing, school, or statistic actually refers to before relying on it.

A real, three-part territorial-capital history worth knowing

Prescott became Arizona Territory's first capital in 1864, lost that status to Tucson in 1867, regained it in 1877, then lost it permanently to Phoenix in 1889 -- a real, specific history reflected in the city's well-preserved historic downtown, including Whiskey Row.

A genuine, unusually large retiree population shapes the community

Roughly 40.46% of Prescott's population is 65 or older -- nearly 2.4x the 16.84% national share -- a real, verified demographic fact backing the city's 'Everybody's Hometown' identity as more than a marketing slogan. New residents, especially younger movers or families, should factor this real age skew into expectations about community character and local amenities.

Arizona's flat 2.5% state income tax applies here too

As anywhere in Arizona, Prescott residents pay a flat 2.5% state income tax. See taxes for the fuller local tax picture, including a real, disclosed disagreement across sources on Prescott's exact current combined sales tax rate (8.6% vs. 9.3%).

Key takeaways

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Last reviewed: 2026-08-24. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.