Living in Prescott, Iowa
Cost of living, income, home prices, rent and demographics of Prescott · Census data 2020–2024
Prescott has 213 residents with a median age of 49.9. The median household income is $65,000 (13% lower than the Iowa median), the median home value is $51,700, the median rent is $950/month.
Prescott is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Prescott at a glance
- Population
- 213
- Median age
- 49.9State: 38.6
- Median household income
- $65,000State: $75,059
- Median home value
- $51,700State: $208,000
- Median rent
- $950/moState: $972
- Homeowners
- 80.9%
- Bachelor's degree or higher
- 6.3%
- Average commute
- 20 min
Is Prescott a good place to live?
Pros: Home values 75% lower than the state median; unemployment of 3.3%; a poverty rate of 4.7%.
Cons: Median household income 13% lower than the Iowa median; an average commute of 20 minutes.
The weather is best in June to September.
Cost of living in Prescott
Housing is the biggest part of the cost of living. In Prescott the median home value is $51,700, 84% lower than the U.S. median. Renters pay a median of $950 per month, which is 32.5% of household income. Homeowners with a mortgage pay $917 a month in housing costs.
Prescott median household income
The median household income in Prescott is $65,000 and the income per person is $35,754. 4.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Prescott: homes for sale and rent
- Housing units
- 98
- Owner-occupied
- 80.9%
- Renter-occupied
- 19.1%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.27
Prescott demographics
- Population
- 213
- Median age
- 49.9
- Under 18
- 20.7%
- 65 and older
- 16.4%
- Households
- 94
- Foreign-born
- 0%
- Veterans
- 10.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Prescott ›
Education in Prescott
6.3% of adults 25 and older in Prescott have a bachelor's degree or higher (Iowa: 31.4%), and 1.3% have a graduate or professional degree.
Jobs and commute in Prescott
- Unemployment rate
- 3.3%State: 3.6%
- Average commute
- 20 minState: 20 min
- Work from home
- 6.7%
- Drive alone
- 79.8%
- Public transit
- 0%
- Walk to work
- 10.1%
- Homes with broadband
- 79.8%
Prescott vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Prescott | 213 | $65,000 | $51,700 | $950 |
| Corning | 1,567 | $64,773 | $96,400 | $754 |
| Cromwell | 103 | $58,750 | $101,600 | — |
| Lenox | 1,569 | $61,000 | $111,400 | $1,003 |
| Creston | 7,435 | $52,633 | $114,500 | $703 |
| Bridgewater | 124 | $59,167 | $56,700 | $625 |
| Orient | 448 | $73,750 | $113,100 | $950 |
| Clearfield | 396 | $48,250 | $72,800 | $713 |
| Massena | 383 | $61,827 | $101,000 | $584 |
More for people moving to Prescott
Prescott ZIP code ›Weather and climate ›Living in Prescott: FAQ
What is the median household income in Prescott, IA?
The median household income in Prescott is $65,000, 13% lower than the Iowa median of $75,059 (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 $51,700, compared with $208,000 in Iowa.
How much is rent in Prescott?
The median gross rent in Prescott is $950 per month, about 32.5% of household income.
Is Prescott, IA a good place to live?
Pluses: home values 75% lower than the state median; unemployment of 3.3%; a poverty rate of 4.7%. Minuses: median household income 13% lower than the Iowa median; an average commute of 20 minutes.
What is the median age in Prescott?
The median age in Prescott is 49.9 years (Iowa: 38.6).
How long is the commute in Prescott?
The average commute to work in Prescott is 20 minutes; 6.7% of workers work from home.
What is the unemployment rate in Prescott?
The unemployment rate in Prescott is 3.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Prescott?
6.3% 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.
Last updated: