Living in Prescott, Arizona
Cost of living, income, home prices, rent and demographics of Prescott · Census data 2020–2024
Prescott has 47,400 residents with a median age of 59.7. The median household income is $70,874 (11% lower than the Arizona median), the median home value is $564,100, the median rent is $1,395/month.
Prescott at a glance
- Population
- 47,400
- Median age
- 59.7State: 39
- Median household income
- $70,874State: $79,964
- Median home value
- $564,100State: $394,500
- Median rent
- $1,395/moState: $1,543
- Homeowners
- 68%
- Bachelor's degree or higher
- 39.9%
- Average commute
- 19 min
Is Prescott a good place to live?
Pros: An average commute of 19 minutes; unemployment of 4.5%; a poverty rate of 11.7%.
Cons: Median household income 11% lower than the Arizona median; home values 43% higher than the state median.
The weather is best in May–June and September–October.
Cost of living in Prescott
Housing is the biggest part of the cost of living. In Prescott the median home value is $564,100, 70% higher than the U.S. median. Renters pay a median of $1,395 per month, which is 31.6% of household income. Homeowners with a mortgage pay $1,867 a month in housing costs.
Prescott median household income
The median household income in Prescott is $70,874 and the income per person is $50,060. 11.7% of residents live below the poverty line (Arizona: 12.5%).
Housing in Prescott: homes for sale and rent
- Housing units
- 25,683
- Owner-occupied
- 68%
- Renter-occupied
- 32%
- Vacant
- 11.3%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 1.97
Prescott demographics
- Population
- 47,400
- Median age
- 59.7
- Under 18
- 12%
- 65 and older
- 40.6%
- Households
- 22,793
- Foreign-born
- 5.1%
- Veterans
- 12%Adults 18+
Hispanic or Latino can be of any race. Population history of Prescott ›
Education in Prescott
39.9% of adults 25 and older in Prescott have a bachelor's degree or higher (Arizona: 33.3%), and 16.5% have a graduate or professional degree.
Jobs and commute in Prescott
- Unemployment rate
- 4.5%State: 5.1%
- Average commute
- 19 minState: 25 min
- Work from home
- 14.1%
- Drive alone
- 70.4%
- Public transit
- 0%
- Walk to work
- 4.3%
- Homes with broadband
- 91.7%
Prescott vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Prescott | 47,400 | $70,874 | $564,100 | $1,395 |
| Prescott Valley | 49,179 | $74,569 | $413,200 | $1,580 |
| Williamson | 6,310 | $89,398 | $732,300 | $1,142 |
| Chino Valley | 13,602 | $61,237 | $394,700 | $1,248 |
| Dewey-Humboldt | 4,501 | $66,535 | $426,900 | $1,340 |
| Wilhoit | 1,101 | $57,708 | $230,400 | $875 |
| Mayer | 791 | $55,132 | $251,000 | — |
| Paulden | 4,795 | $91,741 | $353,700 | $1,098 |
| Jerome | 231 | $40,096 | $386,800 | $957 |
More for people moving to Prescott
Prescott ZIP code ›Weather and climate ›Living in Prescott: FAQ
What is the median household income in Prescott, AZ?
The median household income in Prescott is $70,874, 11% 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 Prescott?
The median home value in Prescott is $564,100, compared with $394,500 in Arizona.
How much is rent in Prescott?
The median gross rent in Prescott is $1,395 per month, about 31.6% of household income.
Is Prescott, AZ a good place to live?
Pluses: an average commute of 19 minutes; unemployment of 4.5%; a poverty rate of 11.7%. Minuses: median household income 11% lower than the Arizona median; home values 43% higher than the state median.
What is the median age in Prescott?
The median age in Prescott is 59.7 years (Arizona: 39).
How long is the commute in Prescott?
The average commute to work in Prescott is 19 minutes; 14.1% of workers work from home.
What is the unemployment rate in Prescott?
The unemployment rate in Prescott is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Prescott?
39.9% of adults in Prescott 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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