Living in Prescott, Arkansas
Cost of living, income, home prices, rent and demographics of Prescott · Census data 2020–2024
Prescott has 3,032 residents with a median age of 35.6. The median household income is $48,307 (21% lower than the Arkansas median), the median home value is $82,400, the median rent is $887/month.
Prescott at a glance
- Population
- 3,032
- Median age
- 35.6State: 38.5
- Median household income
- $48,307State: $60,773
- Median home value
- $82,400State: $188,000
- Median rent
- $887/moState: $947
- Homeowners
- 55%
- Bachelor's degree or higher
- 17.3%
- Average commute
- 21 min
Is Prescott a good place to live?
Pros: Home values 56% lower than the state median; an average commute of 21 minutes; unemployment of 0%.
Cons: Median household income 21% lower than the Arkansas median; a poverty rate of 20.9%.
The weather is best in April–May 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 $82,400, 75% lower than the U.S. median. Renters pay a median of $887 per month, which is 51% of household income. Homeowners with a mortgage pay $962 a month in housing costs.
Prescott median household income
The median household income in Prescott is $48,307 and the income per person is $24,077. 20.9% of residents live below the poverty line (Arkansas: 16%).
Housing in Prescott: homes for sale and rent
- Housing units
- 1,700
- Owner-occupied
- 55%
- Renter-occupied
- 45%
- Vacant
- 25.2%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.24
Prescott demographics
- Population
- 3,032
- Median age
- 35.6
- Under 18
- 25.7%
- 65 and older
- 16.1%
- Households
- 1,271
- Foreign-born
- 0.2%
- Veterans
- 6.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Prescott ›
Education in Prescott
17.3% of adults 25 and older in Prescott have a bachelor's degree or higher (Arkansas: 25.7%), and 2.2% have a graduate or professional degree.
Jobs and commute in Prescott
- Unemployment rate
- 0%State: 4.9%
- Average commute
- 21 minState: 23 min
- Work from home
- 0%
- Drive alone
- 95.5%
- Public transit
- 0.1%
- Walk to work
- 0%
- Homes with broadband
- 68.5%
Prescott vs nearby towns
More for people moving to Prescott
Prescott ZIP code ›Weather and climate ›Living in Prescott: FAQ
What is the median household income in Prescott, AR?
The median household income in Prescott is $48,307, 21% lower than the Arkansas median of $60,773 (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 $82,400, compared with $188,000 in Arkansas.
How much is rent in Prescott?
The median gross rent in Prescott is $887 per month, about 51% of household income.
Is Prescott, AR a good place to live?
Pluses: home values 56% lower than the state median; an average commute of 21 minutes; unemployment of 0%. Minuses: median household income 21% lower than the Arkansas median; a poverty rate of 20.9%.
What is the median age in Prescott?
The median age in Prescott is 35.6 years (Arkansas: 38.5).
How long is the commute in Prescott?
The average commute to work in Prescott is 21 minutes; 0% of workers work from home.
What is the unemployment rate in Prescott?
The unemployment rate in Prescott is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Prescott?
17.3% 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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