Prescott, AZ
Population 46,744 · Arizona
About Prescott, AZ
Prescott is a mid-sized city located in Arizona with a population of 46,744 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,151 per year, which is 8% below the national median of $75,149. The median age of 60.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Prescott features a median home value of $528,500, which is 116% above the national median of $244,900. This places Prescott in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,304, 12% above the national average of $1,163/month. Of the 25,807 total housing units, 68% are owner-occupied (15,495 units) and 32% are renter-occupied (7,256 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Prescott shows an unemployment rate of 4.6%, which is near the national rate of 3.7%. The poverty rate stands at 11.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Prescott have an average one-way commute time of 16.3 minutes, one of the shorter commutes in the region.
Education & Demographics
41.1% of Prescott residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 7.5% White, 1.8% Hispanic or Latino, 0.1% Black or African American, and 1.4% Asian residents, with 5.2% of the population being foreign-born.
Climate & Weather
Prescott experiences an annual average temperature of 56.6°F with 18.37" of precipitation per year. The moderate climate offers a balance of seasonal variety without extremes. Summer highs average around 89°F (July–August), while winter lows dip to approximately 31°F (December–January).
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
Climate & Weather in Prescott
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 42 | 44 | 49 | 68 | 73 | 81 | 93 | 86 | 80 | 73 | 60 | 55 |
| Low °F | 26 | 27 | 33 | 45 | 52 | 58 | 71 | 66 | 60 | 52 | 41 | 37 |
| Rain " | 2.7 | 3.3 | 3.9 | 0.0 | 1.6 | 0.3 | 1.4 | 2.9 | 0.4 | 0.3 | 0.3 | 1.3 |
Other Cities in Arizona
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Prescott With Other Cities
Frequently Asked Questions about Prescott
What is the population of Prescott, AZ?
The population of Prescott, AZ is 46,744 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Arizona.
What is the median household income in Prescott?
The median household income in Prescott, AZ is $69,151 per year, which is 8% below the national median of $75,149.
What is the median home value in Prescott?
The median home value in Prescott, AZ is $528,500, which is 116% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Prescott?
The median monthly rent in Prescott, AZ is $1,304, which is 12% above the national average of $1,163/month.
What is the unemployment rate in Prescott?
The unemployment rate in Prescott, AZ is 4.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Prescott, AZ a good place to live?
Prescott offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 46,744 and a median age of 60.3, the city appeals to established professionals and retirees.
How educated is Prescott, AZ?
41.1% of residents in Prescott aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Prescott?
Key cost-of-living indicators for Prescott, AZ: median home value is $528,500 (116% above national), median rent is $1,304/month, and median household income is $69,151. The home-value-to-income ratio is 7.6x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Prescott?
The poverty rate in Prescott, AZ is 11.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Prescott, AZ?
Prescott's population is 7.5% White, 1.8% Hispanic or Latino, 0.1% Black or African American, 1.4% Asian, and 0.6% two or more races. 5.2% of residents are foreign-born.