Prescott, IA is a great place to live for those looking for affordability. The two bedroom rent is significantly lower than the national average with a price of just $900. The Grocery Cost Index also reflects the affordability of Prescott, IA with an index score of 93 compared to 100 in the US. There are also many local businesses such as Mootsie's Country Store, Prescott Auto Repair, and Olde Town Pizza that make life in Prescott easy and enjoyable. All in all, Prescott, IA is an ideal location for those looking for affordable living with a close-knit community feel.
Prescott has an unemployment rate of 3.0%. The US average is 6.0%.
Prescott has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 11.0%, which is lower than the US average of 33.5%.
Tax Rates for Prescott
- The Sales Tax Rate for Prescott is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Prescott is 9.0%. 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 $23,127 a year. The US average is $28,555 a year.
- The Median household income of a Prescott resident is $52,143 a year. The US average is $69,021 a year.