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, Arkansas is a smaller city with a population of 2,995 people. Prescott is mostly populated by White (53%) and Black or African American (45%) ethnic groups.
Are you trying to figure out if living in Prescott is the right fit for your lifestyle? To ensure a good experience before relocating to any new city in Arkansas, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. The best areas in Prescott and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, cost of living, education, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Arkansas and national averages.
Using data and statistics Prescott has received a livability score of 67 out of 100. This score is ranked in the 70th percentile when compared to all other cities. There are nine total categories that create the livability score. Prescott ranks well for crime (A-) and housing (B-) There are some categories that Prescott ranks poorly for, including: amenities (F), education (F) and employment (F). 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 1.66% 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.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Prescott apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Prescott. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Prescott are affordable. Median real estate prices in Prescott come in at $63,000, which is 45.1% 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 1.8, 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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