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Prescott, MI
Full City Profile · Michigan · Arenac County County
2.6
/5.0
C+
Fair
352
Population
317/sq mi density
$55,673
Median Income
$19,716 per capita
$71,100
Home Value
$108,821 Zillow
$961
Median Rent
51.0% income on rent
43°F
Avg Temperature
258 sunny days/yr
193
Violent Crime/100K
4,046 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$55,673 median income, 6.2% unemployment
A+
Affordability
5.0 / 5.0
$71,100 home value, $961/mo rent
F
Safety
1.0 / 5.0
193 violent crimes/100K
D
Education
1.7 / 5.0
8.3% bachelor's degree or higher
Income Overview
Median Household Income
$55,673
26% below
US avg: $75,149
Per Capita Income
$19,716
50% below
US avg: $39,052
Unemployment Rate
6.2%
72% above
US avg: 3.6%
Poverty Rate
17.3%
40% above
US avg: 12.4%
Income Comparison: Prescott vs. U.S. Average
Each bar shows Prescott’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$55,673
74%
Per Capita
US: $39,052
$19,716
50%
IRS Avg AGI
US: $72,000
$55,044
76%
Avg Weekly Wage
US: $1,432
$901
63%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$901
37% below US avg ($1,432)
Mean Commute Time
25 min
9% below US avg (28 min)
Work From Home
10.2%
33% below US avg (15.2%)
Drive Alone
71.4%
2% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$603M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
71.4%
Public Transit
0%
Work From Home
10.2%
Other
18.4%
Average commute time
25 minutes
US avg: 28 min
Business Landscape
Total Establishments
349
Restaurants
45
Healthcare
41
Retail
71
Manufacturing
30
Tax & Financial
IRS Avg Adjusted Gross Income
$55,044
24% below US avg ($72,000)
Avg Property Tax
$3,929
12% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $55,673 |
| Per Capita Income | $19,716 |
| IRS Avg Adjusted Gross Income | $55,044 |
| Avg Weekly Wage | $901 |
| County GDP | $603M |
Hardship Indicators
| Unemployment Rate | 6.2% |
| Poverty Rate | 17.3% |
| Gini Coefficient | 0.404 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 25 minutes |
| Drive Alone | 71.4% |
| Public Transit | 0.0% |
| Work From Home | 10.2% |
Businesses
| Total Establishments | 349 |
| Restaurants | 45 |
| Healthcare | 41 |
| Retail | 71 |
| Manufacturing | 30 |
Tax
| IRS Avg AGI | $55,044 |
| Avg Property Tax | $3,929 |