Living in Jerome, Arizona
Cost of living, income, home prices, rent and demographics of Jerome · Census data 2020–2024
Jerome has 231 residents with a median age of 56.2. The median household income is $40,096 (50% lower than the Arizona median), the median home value is $386,800, the median rent is $957/month.
Jerome is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Jerome at a glance
- Population
- 231
- Median age
- 56.2State: 39
- Median household income
- $40,096State: $79,964
- Median home value
- $386,800State: $394,500
- Median rent
- $957/moState: $1,543
- Homeowners
- 53.4%
- Bachelor's degree or higher
- 30.7%
- Average commute
- 13 min
Is Jerome a good place to live?
Pros: Home values about the same as the state median; an average commute of 13 minutes.
Cons: Median household income 50% lower than the Arizona median; unemployment of 9.8%; a poverty rate of 16.9%.
The weather is best in May–June and September–October.
Cost of living in Jerome
Housing is the biggest part of the cost of living. In Jerome the median home value is $386,800, 16% higher than the U.S. median. Renters pay a median of $957 per month, which is 47.7% of household income. Homeowners with a mortgage pay $1,464 a month in housing costs.
Jerome median household income
The median household income in Jerome is $40,096 and the income per person is $32,880. 16.9% of residents live below the poverty line (Arizona: 12.5%).
Housing in Jerome: homes for sale and rent
- Housing units
- 285
- Owner-occupied
- 53.4%
- Renter-occupied
- 46.6%
- Vacant
- 42.8%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 1.42
42.8% of homes are vacant most of the year, a sign that Jerome has many vacation and second homes.
Jerome demographics
- Population
- 231
- Median age
- 56.2
- Under 18
- 10.8%
- 65 and older
- 35.5%
- Households
- 163
- Foreign-born
- 5.2%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Jerome ›
Education in Jerome
30.7% of adults 25 and older in Jerome have a bachelor's degree or higher (Arizona: 33.3%), and 15.1% have a graduate or professional degree.
Jobs and commute in Jerome
- Unemployment rate
- 9.8%State: 5.1%
- Average commute
- 13 minState: 25 min
- Work from home
- 0%
- Drive alone
- 74%
- Public transit
- 0%
- Walk to work
- 22%
- Homes with broadband
- 88.3%
Jerome vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Jerome | 231 | $40,096 | $386,800 | $957 |
| Clarkdale | 4,758 | $46,563 | $373,600 | $1,321 |
| Verde Village | 11,930 | $69,331 | $354,200 | $1,173 |
| Cottonwood | 12,580 | $48,448 | $324,100 | $1,120 |
| Cornville | 3,618 | $72,596 | $367,100 | $1,560 |
| Prescott Valley | 49,179 | $74,569 | $413,200 | $1,580 |
| Chino Valley | 13,602 | $61,237 | $394,700 | $1,248 |
| Dewey-Humboldt | 4,501 | $66,535 | $426,900 | $1,340 |
| Sedona | 9,777 | $73,738 | $786,800 | $1,448 |
More for people moving to Jerome
Jerome ZIP code ›Weather and climate ›Living in Jerome: FAQ
What is the median household income in Jerome, AZ?
The median household income in Jerome is $40,096, 50% lower than the Arizona median of $79,964 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Jerome?
The median home value in Jerome is $386,800, compared with $394,500 in Arizona.
How much is rent in Jerome?
The median gross rent in Jerome is $957 per month, about 47.7% of household income.
Is Jerome, AZ a good place to live?
Pluses: home values about the same as the state median; an average commute of 13 minutes. Minuses: median household income 50% lower than the Arizona median; unemployment of 9.8%; a poverty rate of 16.9%.
What is the median age in Jerome?
The median age in Jerome is 56.2 years (Arizona: 39).
How long is the commute in Jerome?
The average commute to work in Jerome is 13 minutes; 0% of workers work from home.
What is the unemployment rate in Jerome?
The unemployment rate in Jerome is 9.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Jerome?
30.7% of adults in Jerome have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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