Prescott, AZ
Population 46,744 · Arizona
About Prescott, AZ
Prescott is a mid-sized city in Arizona with a population of 46,744 residents. The median household income is $69,151 per year, which is near the national average. The median age in Prescott is 60.3 years.
Housing in Prescott has a median home value of $528,500 and median monthly rent of $1,304. Of the 25,807 total housing units, the majority are owner-occupied, with 15,495 owner-occupied and 7,256 renter-occupied units.
The unemployment rate in Prescott is 4.6% and the poverty rate is 11.6%. 41.1% of residents hold a bachelor's degree or higher. The average commute time is 16.3 minutes.
How Prescott Ranks in Arizona
Cost of Living in Prescott, AZ
Compared to national averages, Prescott has a median household income of $69,151 (8% below the national median of $75,149). Home values average $528,500, which is 116% above the national median. Monthly rent at $1,304 is 12% above the US average of $1,163. Within Arizona, Prescott's income is 11% above the state average of $62,086, and home values are 123% above the state median of $237,048.
Why Live in Prescott, AZ?
Prescott offers a well-educated community where 41.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.6%, better than the national average, and short commute times averaging just 16.3 minutes.
Potential considerations include median household income ($69,151) that falls below the national average, and a competitive housing market where the typical home costs $528,500. However, Prescott’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prescott has a population of 46,744 with a median age of 60.3 years. Compare Prescott with other cities to see how it stacks up, or explore all cities in Arizona.
Similar Cities Near Prescott
Cities in Arizona with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oro Valley | 47,595 | $105,342 | $440,400 | Compare |
| Prescott Valley | 48,048 | $70,793 | $376,300 | Compare |
| Sierra Vista | 45,203 | $69,783 | $239,000 | Compare |
| Bullhead City | 42,193 | $47,717 | $196,900 | Compare |
| Catalina Foothills | 51,756 | $113,201 | $604,100 | Compare |
| Apache Junction | 39,746 | $58,619 | $196,700 | Compare |
| Marana | 54,487 | $108,256 | $380,100 | Compare |
| Sun City | 38,018 | $52,111 | $259,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arizona
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Prescott
What is the population of Prescott, AZ?
The population of Prescott, AZ is 46,744 according to the latest Census data.
What is the median household income in Prescott?
The median household income in Prescott, AZ is $69,151 per year.
What is the median home value in Prescott?
The median home value in Prescott, AZ is $528,500.
What is the average rent in Prescott?
The median monthly rent in Prescott, AZ is $1,304.
What is the unemployment rate in Prescott?
The unemployment rate in Prescott, AZ is 4.6%.