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The total population of Prescott is estimated to be 388 with 186 males (47.94%) and 202 females (52.06%). There are 16 more females than males in Prescott.
The median household income in Prescott was $54,647 in 2021, which marked an a decrease of 694(1.25%) from $55,341 in 2020. This income is 73.25% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Prescott sees its highest median household income among householders in the age group of 25 to 44 years old, at $64,990. Overall, the median household income for the village of Prescott stands at $54,647.
In Prescott, the median income for all workers aged 15 years and older, regardless of work hours, was $22,745 for males and $23,600 for females. However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $45,359 for females, while data for males was unavailable due to an insufficient number of sample observations.
In Prescott, population is primarily represented by White households, reporting a median income of $62,321.
In 2022, the population of Prescott was 226, a 1.35% increase year-by-year from 2021. Previously, in 2021, Prescott's population was 223, a decline of 0.00% compared to a population of 223 in 2020.
The median age in Prescott, MI is 48.3, as per 2021 ACS 5-Year Estimates. Of the total population, 15.83% were under the age of 15, 19.00% aged 15 to 29, 44.06% aged 30 to 64, 18.73% aged 65 to 84, and 2.37% were 85 years of age and older.
Racial distribution of Prescott population: 89.18% are White, 7.92% are American Indian and Alaska Native and 2.90% are multiracial.