Prescott, AZ is an ideal location for those looking for an affordable housing option. The 2 bedroom rent in Prescott, AZ is $1,310 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Prescott is the same as the US average of 100. As a result of its affordability, Prescott has become an attractive destination for many and there are plenty of local companies and amenities to enjoy. Companies such as Yavapai Regional Medical Center and Arcosa Specialty Materials offer employment opportunities while places like Heritage Park Zoo and Whiskey Row provide entertainment options. There are also several dining options available including popular restaurants such as Murphy’s Restaurant & Bar and El Gato Azul that serve up delicious dishes from Mexican to American fare.
Prescott has an unemployment rate of 5.9%. The US average is 6.0%.
Prescott has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 43.4%, which is higher than the US average of 33.5%.
Tax Rates for Prescott
- The Sales Tax Rate for Prescott is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Prescott is 4.2%. 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 $29,120 a year. The US average is $28,555 a year.
- The Median household income of a Prescott resident is $61,090 a year. The US average is $69,021 a year.