Prescott, MI

Census Place

2024 Population

270

US Senator

Gary Peters

Democratic Party

US Senator

Elissa Slotkin

Democratic Party

2024 Median Age

46.2

3.13% 1-year increase

2024 Poverty Rate

17.4%

25.6% 1-year decrease

2024 Median Household Income

$57,885

3.97% 1-year growth

2024 Median Property Value

$68,800

Population & Diversity

Prescott, MI is home to a population of 270 people, from which 100% are citizens.

In 2024, there were 15.7 times more White (Non-Hispanic) residents (235 people) in Prescott, MI than any other race or ethnicity. There were 15 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 6 Two Races Excluding Other, & Three or More Races (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of Prescott, MI residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Prescott, MI was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in Prescott, MI compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Prescott, MI

White (Non-Hispanic)
235 ± 86
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
15 ± 23
Two Races Excluding Other, & Three or More Races (Hispanic)
6 ± 8

7.04%

Hispanic Population

19 people

7.04% of the people in Prescott, MI are hispanic (19 people).

The following chart shows the 8 races represented in Prescott, MI as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Michigan.

Most Common Origin

Mexico
83,098 ± 7,048 people
India
80,532 ± 6,939 people
Iraq
55,181 ± 5,751 people

In 2024, the most common birthplace for the foreign-born residents of Michigan was Mexico, the natal country of 83,098 Michigan residents, followed by India with 80,532 and Iraq with 55,181.

Military

Veterans

Vietnam

Most Common Service Period

19 ± 26

The chart shows the distribution of veterans by conflict in Prescott, MI.

Economy

The economy of Prescott, MI employs 91 people. In 2024, the largest industries in Prescott, MI were Health Care & Social Assistance (22 people), Retail Trade (21 people), and Manufacturing (10 people), and the highest paying industries were Health Care & Social Assistance ($48,889), Educational Services, & Health Care & Social Assistance ($47,917), and Construction ($25,313).

Employment

Occupations

2024 Value

± 69

−7.14%

1 Year decline

± 114%

From 2023 to 2024, employment in Prescott, MI declined at a rate of −7.14%, from 98 employees to 91 employees.

The most common job groups, by number of people living in Prescott, MI, are Office & Administrative Support Occupations (13 people), Sales & Related Occupations (12 people), and Healthcare Support Occupations (11 people). This chart illustrates the share breakdown of the primary jobs held by residents of Prescott, MI.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Michigan.

This chart shows weekly unemployment insurance claims in Michigan (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2024 Value

± 69

−7.14%

1 Year decline

± 114%

From 2023 to 2024, employment in Prescott, MI declined at a rate of −7.14%, from 98 employees to 91 employees.

The most common employment sectors for those who live in Prescott, MI, are Health Care & Social Assistance (22 people), Retail Trade (21 people), and Manufacturing (10 people). This chart shows the share breakdown of the primary industries for residents of Prescott, MI, though some of these residents may live in Prescott, MI and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$21,250

Median earning men ± $5,909

$17,292

Median earning women ± $20,123

The industries with the best median earnings for men in 2024 are Construction ($25,313) and Manufacturing ($19,167).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($48,333) and Retail Trade ($12,361).

Housing & Living

The median property value in Prescott, MI was $68,800 in 2024, which is 0.207 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $71,100 to $68,800, a 3.23% decrease. The homeownership rate in Prescott, MI is 90.6%, which is higher than the national average of 65.2%.

People in Prescott, MI have an average commute time of 25.2 minutes, and they drove alone to work. Car ownership in Prescott, MI is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$68,800

Median Property Value 2024

±$7,381

$87

Median Property Taxes

±$40

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Prescott, MI the largest share of households pay taxes in the $800 - $1,499 range.

The chart underneath the paragraph shows the property taxes in Prescott, MI compared to it's parent and neighbor geographies.

Rent vs Own

90.6%

Homeownership

2024

65.2%

Homeowners with Mortgage

2024

In 2024, 90.6% of the housing units in Prescott, MI were occupied by their owner. This percentage grew from the previous year's rate of 90.6%.

This chart shows the percentage of owner in Prescott, MI compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$57,885

Median Household Income

± $14,193

Number of Households

± 39

In 2024, the median household income of the 96 households in Prescott, MI grew to $57,885 from the previous year's value of $55,673.

The following chart displays the households in Prescott, MI distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $50k - $60k range.

Wage Distribution

The closest comparable wage GINI for Prescott, MI is from Michigan.

0.46

2024 Wage GINI in Michigan

0.462

2023 Wage GINI in Michigan

In 2024, the income inequality in Michigan was 0.46 according to the GINI calculation of the wage distribution. Income inequality had a 0.474% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Michigan was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Michigan in comparison to the national average.

This chart shows the number of workers in Michigan across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (78%)
Worked At Home (8.79%)
Walked (7.69%)

In 2024, 78% of workers in Prescott, MI drove alone to work, followed by those who worked at home (8.79%) and those who walked to work (7.69%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

25.2 minutes

Average Travel Time

Using averages, employees in Prescott, MI have a shorter commute time (25.2 minutes) than the normal US worker (26.4 minutes). Additionally, 2.41% of the workforce in Prescott, MI have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Prescott, MI compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Prescott, MI distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Prescott, MI have 2 cars.

Poverty

Poverty & Diversity

17.4% of the population for whom poverty status is determined in Prescott, MI (47 out of 270 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 6 - 11, followed by Females 25 - 34 and then Males < 5.

The most common racial or ethnic group living below the poverty line in Prescott, MI is White, followed by Two Or More and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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