Prescott, Arizona Income Statistics
Prescott Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Prescott Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Prescott | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,913 | $80,381 | $80,455 |
| Median Personal Income | $59,363 | $56,905 | $60,758 |
| Average Yearly Income Growth | 5.5% | 5.7% | 4.8% |
| Six-Figure Earners | 14.1% | 12.5% | 13.9% |
| $200k+ Households | 11.5% | 11.6% | 13.2% |
The median household income in Prescott is about 8% lower than in Arizona. Income has been growing slower in Prescott (5.5%/yr) than in Arizona (5.7%/yr).
About 14% of adults in Prescott earn six figures ($100,000 or more) a year, higher than the Arizona average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Prescott, Arizona grew by 68.2% from 2009 to 2024, reaching $73,913 in 2024. That's an average of about 5.5% per year.
Prescott has stayed below the U.S. median household income in every year from 2009 to 2024 and has never reached it. The gap has narrowed from 14% in 2009 to 8.1% in 2024, the closest it has been.
Income Distribution in Prescott
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 6,782 households (35.2% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 23.5% of households in Prescott had an income under $35,000 and 18.9% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Prescott has a larger share of households earning $25,000 to $34,999 (8.9% vs 6.7%) and a smaller share earning $150,000 to $199,999 (7.5% vs 9.5%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,067 | 5.5% | 5.1% |
| $10,000 to $14,999 | 560 | 2.9% | 3.5% |
| $15,000 to $24,999 | 1,200 | 6.2% | 6.4% |
| $25,000 to $34,999 | 1,710 | 8.9% | 6.7% |
| $35,000 to $49,999 | 1,855 | 9.6% | 10.1% |
| $50,000 to $74,999 | 3,397 | 17.6% | 15.5% |
| $75,000 to $99,999 | 2,712 | 14.1% | 12.6% |
| $100,000 to $149,999 | 3,134 | 16.3% | 17.4% |
| $150,000 to $199,999 | 1,439 | 7.5% | 9.5% |
| $200,000 or more | 2,209 | 11.5% | 13.2% |
Shares are of all 19,283 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 5,066 residents (14.1% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 15.3% of residents who have any income.
In 2024, 7.8% of Prescott residents aged 15 and over reported no personal income, 30.0% had some income but less than $25,000, and 22.5% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Prescott has a larger share of residents earning $25,000 to $34,999 (11.9% vs 9.5%) and a smaller share with no personal income (7.8% vs 12.8%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,813 | 7.8% | 12.8% |
| $1 to $9,999 | 3,995 | 11.1% | 11.2% |
| $10,000 to $14,999 | 2,669 | 7.4% | 7.0% |
| $15,000 to $24,999 | 4,127 | 11.5% | 10.5% |
| $25,000 to $34,999 | 4,273 | 11.9% | 9.5% |
| $35,000 to $49,999 | 4,713 | 13.1% | 12.6% |
| $50,000 to $74,999 | 5,275 | 14.7% | 14.3% |
| $75,000 to $99,999 | 3,013 | 8.4% | 8.2% |
| $100,000 or more | 5,066 | 14.1% | 13.9% |
Shares are of the 35,943 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 7.8% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Prescott
| Metric | Prescott | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.548 | 0.552 |
| Male Median Income | $67,319 | $65,388 | $69,667 |
| Female Median Income | $57,186 | $54,779 | $56,850 |
| Gender Pay Gap | 15.1% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Prescott, it is 0.524, lower than Arizona's 0.548, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 18% more than women's income in Prescott, Arizona. Over a 35-year career, a 18% wage gap accumulates to roughly $354,655 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Prescott, Arizona has narrowed from about 18% to 15% in 2024. Over that period the gap was widest at 33% in 2019, and was narrowest at 9% in 2011. In dollar terms, the gap has widened by $2,564 since 2009.
Employment
| Metric | Prescott | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 5.1% | 5.2% |
| Working from Home | 13.6% | 18.4% | 15.0% |
| Commute time (minutes) | 15 | 22 | 22 |
Approximately 732 people are unemployed in Prescott, Arizona.
The average commute time in Prescott is 15 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Prescott, Arizona has fallen from 7.8% to 4.4% in 2024. Over that period the rate peaked at 10.8% in 2014.
Prescott was below the U.S. unemployment rate in 2011, rose above it by 2012, peaking at 1.7 points higher in 2016, then fell back below it by 2022. In 2024 its rate was 0.8 points lower.
Prescott, AZ Wealth Compared With Nearby Cities
How Prescott, AZ compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Prescott, AZ | 40,453 | $73,913 #1/2 | 5.5%/yr #2/2 | 4.4% #2/2 | 0.524 #2/2 |
| Prescott Valley, AZ | 43,236 | $72,408 | 6.8%/yr | 3.3% | 0.500 |
Conclusion
Considering all these factors, Prescott, Arizona has an overall wealth index grade of C, making it about on par with Arizona, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Prescott, Arizona.
How Rich Is Prescott, Arizona?
Prescott has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $73,913, about 8% lower than the Arizona average of $80,381.
How has median household income changed in Prescott, Arizona?
Between 2009 and 2024, the median household income in Prescott, Arizona rose 68%, from $43,946 to $73,913. Over the same years, income here outpaced Arizona as a whole: +68% against +60%.
What was the median household income in Prescott in 2023?
In 2023, the median household income in Prescott, Arizona was $70,343, up 4% from $67,642 in 2022. The Arizona median that year was $77,075.
What was the median household income in Prescott in 2020?
In 2020, the median household income in Prescott, Arizona was $57,013. By 2024 it had risen 30% to $73,913.
What is the Gini coefficient in Prescott, Arizona?
The Gini coefficient in Prescott is 0.524. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Prescott, Arizona?
Since 2009, the income gap between men and women in Prescott, Arizona has narrowed from about 18% to 15% in 2024. Over that period the gap was widest at 33% in 2019, and was narrowest at 9% in 2011. In dollar terms, the gap has widened by $2,564 since 2009.
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