Prescott, Iowa is a great place to live and work with an estimated population of 50859. According to Rentcafe.com, the median two-bedroom rent in Prescott is $870, which is significantly lower than the median two-bedroom rent in the United States at $1430. In addition to affordable housing costs, Prescott has a Grocery Cost Index of 93 versus 100 in the US. With such affordable cost of living, many residents find it easier to stretch their budget further.
The town of Prescott also offers many employment opportunities for its residents including those at Premier Industries Inc., American Steel Fabricators Inc., Theisen's Home Farm Auto, Prescott Manufacturing Inc., and MFA Truck Shop just to name a few. These companies thrive due to the hardworking citizens that call Prescott home as well as its close proximity to major cities like Des Moines and Cedar Rapids. According to DataUSA, \"there are 535 employed adults in Prescott.\" Sources: RentCafe (https://www.rentcafe.com/average-rent-market-trends/us/ia/dallas-county/prescott/) & Data USA (https://datausa.io/profile/geo/prescott-ia/)
Prescott (zip 50859) has an unemployment rate of 3.0%. The US average is 6.0%.
Prescott (zip 50859) has seen the job market decrease by -9.7% 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 (zip 50859)
- The Sales Tax Rate for Prescott (zip 50859) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Prescott (zip 50859) 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 (zip 50859)
- The average income of a Prescott (zip 50859) resident is $34,257 a year. The US average is $37,638 a year.
- The Median household income of a Prescott (zip 50859) resident is $64,250 a year. The US average is $69,021 a year.