Prescott, KS is a small town in the northeast of the state with a population of just under 2,000 people. It has a cozy and community-oriented atmosphere that makes it attractive to many people looking for an affordable place to live in a rural setting. Residents in Prescott enjoy relatively low living costs, as evidenced by the two bedroom rent being $910, almost one third lower than the US average. The grocery cost index is also lower at 95 compared to 100 for the US on average.
The city offers various attractions for visitors and residents alike, including the local Bob's Gallery & Trading Post which specializes in unique antiques and collectibles from around the world. There is also the Prescott Speedway for motorsport enthusiasts where you can watch racing and events every Saturday night throughout summer. For those who prefer more relaxing activities there is Horsethief Canyon Trail which follows an old stagecoach trail along Cottonwood Creek - perfect for a leisurely stroll or bike ride through nature!
Prescott has an unemployment rate of 4.9%. The US average is 6.0%.
Prescott has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Prescott
- The Sales Tax Rate for Prescott is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Prescott is 5.7%. 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 $21,836 a year. The US average is $28,555 a year.
- The Median household income of a Prescott resident is $27,500 a year. The US average is $69,021 a year.