Prescott, WI is a small city in Wisconsin with a population of 4,363. It is known for its picturesque views and friendly environment. The cost of living in Prescott is relatively low compared to the rest of the United States; 2 bedroom rent averages at $1,210 compared to the US average of $1,430. Furthermore, grocery costs are 1% lower than the national average at 101 versus 100 on the index. Popular local businesses include The Valley Distillery which produces craft spirits and beers, and Heirloom Market which sells handmade goods and vintage items. In addition to being an affordable place to live, Prescott offers plenty of activities such as hiking trails and art galleries making it an attractive location for any homebuyer looking for a good quality life.
Prescott has an unemployment rate of 4.6%. 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 38.2%, which is higher than the US average of 33.5%.
Tax Rates for Prescott
- The Sales Tax Rate for Prescott is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Prescott is 6.3%. 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 $35,565 a year. The US average is $28,555 a year.
- The Median household income of a Prescott resident is $69,346 a year. The US average is $69,021 a year.