Living in Prescott, Michigan
Cost of living, income, home prices, rent and demographics of Prescott · Census data 2020–2024
Prescott has 270 residents with a median age of 46.2. The median household income is $57,885 (21% lower than the Michigan median), the median home value is $68,800, the median rent is $1,339/month.
Prescott is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Prescott at a glance
- Population
- 270
- Median age
- 46.2State: 40.2
- Median household income
- $57,885State: $72,875
- Median home value
- $68,800State: $231,600
- Median rent
- $1,339/moState: $1,129
- Homeowners
- 90.6%
- Bachelor's degree or higher
- 3.6%
- Average commute
- 25 min
Is Prescott a good place to live?
Pros: Home values 70% lower than the state median.
Cons: Median household income 21% lower than the Michigan median; an average commute of 25 minutes; unemployment of 14.2%; a poverty rate of 17.4%.
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 $68,800, 79% lower than the U.S. median. Renters pay a median of $1,339 per month, which is 51% of household income. Homeowners with a mortgage pay $1,433 a month in housing costs.
Prescott median household income
The median household income in Prescott is $57,885 and the income per person is $19,776. 17.4% of residents live below the poverty line (Michigan: 13.2%).
Housing in Prescott: homes for sale and rent
- Housing units
- 137
- Owner-occupied
- 90.6%
- Renter-occupied
- 9.4%
- Vacant
- 29.9%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.81
Prescott demographics
- Population
- 270
- Median age
- 46.2
- Under 18
- 20%
- 65 and older
- 27%
- Households
- 96
- Foreign-born
- 0%
- Veterans
- 11.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Prescott ›
Education in Prescott
3.6% of adults 25 and older in Prescott have a bachelor's degree or higher (Michigan: 32.4%), and 0% have a graduate or professional degree.
Jobs and commute in Prescott
- Unemployment rate
- 14.2%State: 5.7%
- Average commute
- 25 minState: 24 min
- Work from home
- 8.8%
- Drive alone
- 78%
- Public transit
- 0%
- Walk to work
- 7.7%
- Homes with broadband
- 92.7%
Prescott vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Prescott | 270 | $57,885 | $68,800 | $1,339 |
| Skidway Lake | 3,008 | $39,265 | $59,100 | $699 |
| Whittemore | 492 | $33,214 | $80,900 | $481 |
| Twining | 192 | $44,271 | $85,000 | $905 |
| Omer | 283 | $51,000 | $97,700 | $785 |
| Sterling | 448 | $61,563 | $89,200 | $775 |
| Standish | 1,554 | $35,395 | $97,900 | $689 |
| Au Gres | 1,018 | $67,115 | $159,000 | $663 |
| West Branch | 2,225 | $41,250 | $147,800 | $842 |
More for people moving to Prescott
Prescott ZIP code ›Weather and climate ›Living in Prescott: FAQ
What is the median household income in Prescott, MI?
The median household income in Prescott is $57,885, 21% lower than the Michigan median of $72,875 (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 $68,800, compared with $231,600 in Michigan.
How much is rent in Prescott?
The median gross rent in Prescott is $1,339 per month, about 51% of household income.
Is Prescott, MI a good place to live?
Pluses: home values 70% lower than the state median. Minuses: median household income 21% lower than the Michigan median; an average commute of 25 minutes; unemployment of 14.2%; a poverty rate of 17.4%.
What is the median age in Prescott?
The median age in Prescott is 46.2 years (Michigan: 40.2).
How long is the commute in Prescott?
The average commute to work in Prescott is 25 minutes; 8.8% of workers work from home.
What is the unemployment rate in Prescott?
The unemployment rate in Prescott is 14.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Prescott?
3.6% 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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