Prescott, Minnesota is a small city located in Pierce County with a population of around 2,200 people. This quaint town offers its residents a peaceful and friendly place to live with plenty of local amenities. Home to businesses such as Nelson's Market & Hardware Store, Family Dining and the Prescott Ale House, Prescott has something for everyone. When it comes to cost of living, it is quite affordable in comparison to other cities; two bedroom rent averages $830 whereas the US average is $1,430 per month. Grocery costs are also lower than the national average with a grocery cost index of 93 compared to the US which stands at 100. Prescott is an excellent choice for those seeking a safe and affordable place to live.
Prescott has an unemployment rate of 5.2%. The US average is 6.0%.
Prescott has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Prescott
- The Sales Tax Rate for Prescott is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Prescott is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Prescott
- The average income of a Prescott resident is $29,239 a year. The US average is $28,555 a year.
- The Median household income of a Prescott resident is $88,750 a year. The US average is $69,021 a year.