Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Schools
The low schools score could result from issues like below-average graduation rates, inadequate reading and math scores, and the unavailability of local elementary and high schools.
Prescott is a small-sized city located in the state of Arkansas. The city has a population of 3,081 people. Prescott is known to be an ethnically diverse city. The two most common races are White (53%) and Black or African American (45%).
Whether you’re relocating to a new area to be closer to family, friends or for a new job, living in Prescott could be a positive experience compared to other cities in Arkansas if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. To help you find the best places to live in and around Prescott, AreaVibes has created a livability score using key metrics like crime, commute, education, housing and more.
Prescott has a livability score of 65 out of 100 and is ranked #122 in Arkansas and #11,910 in the USA. If we check out each of the categories on their own, we see that Prescott ranks well for cost of living (A+) and housing (A-). There are some categories that Prescott scores poorly for, including: amenities (F), education (F) and employment (D-). It might be worth taking a closer look to determine why.
When contemplating a move, job prospects often top the list of priorities. In Prescott, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.7% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Prescott excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Prescott is actually affordable. Median real estate prices in Prescott come in at $114,104, which is 45.4% lower than the Arkansas average. The home price to income ratio compares the median home prices to the median household income. In Prescott, the home price to income ratio is 2.2, which is 33.3% lower than the Arkansas average.
| Statistic | Prescott | Arkansas | National |
| Average one way commute | 22min | 22min | 26min |
| Workers who drive to work | 82.9% | 82.7% | 76.4% |
| Workers who carpool | 14.9% | 10.8% | 9.3% |
| Workers who take public transit | 0.2% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 1.7% | 1.7% | 2.8% |
| Working from home | 0.0% | 3.2% | 4.6% |
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