Prescott, MI is a charming city located in Michigan with plenty of attractions and activities to offer for all ages. The 2 Bedroom Rent in Prescott is significantly lower than the US average making it an affordable place to live. Grocery Cost Index is also lower than the national average which helps to keep living costs low. Prescott has many local businesses such as Blue Wolf Coffee Company, Little Red's Diner, and O'Reilly Auto Parts that contribute to the community's thriving economy. The area also has several parks, lakes, and trails perfect for outdoor recreation and relaxation. Prescott is sure to provide its residents with a quality lifestyle at an affordable price.
Prescott has an unemployment rate of 8.5%. The US average is 6.0%.
Prescott has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Prescott
- The Sales Tax Rate for Prescott is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Prescott is 4.3%. 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 $19,101 a year. The US average is $28,555 a year.
- The Median household income of a Prescott resident is $50,556 a year. The US average is $69,021 a year.