The median household income in Prescott, MI in 2022 was $52,362, which was 27.9% less than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $27,188 in 2000 this represents an increase of 48.1%. The per capita income in 2022 was $19,163, which means an increase of 42.5% compared to 2000 when it was $11,014.
Whole page based on the data from 2000 / 2022 when the population of Prescott, Michigan was 286 / 387
Income statistics for all residents
Median household income in Prescott, MI in 2022:
Prescott:
$52,363
State:
$66,986
Change in median household income between 2000 and 2022:
Prescott, Michigan:
+92.6%
State:
+50.0%
Number of households with income < $10k:
Prescott:
5.6% (7)
Michigan:
5.7% (231,223)
Number of households with income $10k - 20k:
Prescott:
14.5% (18)
State:
7.5% (306,955)
Number of households with income $20k - 30k:
Prescott:
7.3% (9)
Michigan:
7.9% (324,153)
Number of households with income $30k - 40k:
Prescott:
7.3% (9)
State:
8.3% (341,408)
Number of households with income $40k - 50k:
Prescott:
6.5% (8)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Prescott:
21.0% (26)
State:
7.5% (305,914)
Number of households with income $60k - 75k:
Prescott:
14.5% (18)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Prescott:
8.9% (11)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Prescott:
1.6% (2)
Michigan:
9.7% (396,282)
Number of households with income $125k - 150k:
Prescott:
7.3% (9)
Michigan:
6.7% (273,144)
Number of households with income $150k - 200k:
Prescott:
5.6% (7)
State:
7.5% (305,077)
Number of households with income > $200k:
Prescott:
0.0% (0)
State:
8.1% (330,644)
Aggregate household income in Prescott in 2022: $7,420,374
Median family income in Prescott in 2022:
Prescott:
$53,702
State:
$85,865
Number of families with income < $10k:
Prescott:
16.3% (15)
Michigan:
3.5% (89,010)
Number of families with income $10k - 20k:
Prescott:
2.2% (2)
Michigan:
3.9% (100,567)
Number of families with income $30k - 40k:
Prescott:
4.5% (4)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Prescott:
5.2% (5)
State:
6.8% (172,384)
Number of families with income $50k - 60k:
Prescott:
27.6% (25)
State:
7.1% (179,870)
Number of families with income $60k - 75k:
Prescott:
22.7% (21)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Prescott:
8.7% (8)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Prescott:
2.1% (2)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Prescott:
9.7% (9)
State:
8.6% (220,338)
Number of families with income $150k - 200k:
Prescott:
1.1% (1)
Michigan:
10.2% (259,462)
Median per capita income in Prescott in 2022:
Prescott:
$19,164
Michigan:
$38,151
Change in median per capita income between 2000 and 2022:
Prescott, Michigan:
+74.0%
Michigan:
+72.1%
Income statistics for White residents
Median household income in Prescott, MI in 2022:
Prescott:
$52,453
State:
$71,609
Change in median household income between 2000 and 2022:
Prescott, Michigan:
+90.7%
State:
+52.9%
Number of households with income < $10k:
Prescott:
5.7% (7)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Prescott:
14.8% (18)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Prescott:
7.4% (9)
Michigan:
7.6% (242,254)
Number of households with income $30k - 40k:
Prescott:
7.4% (9)
Michigan:
8.1% (257,175)
Number of households with income $40k - 50k:
Prescott:
6.6% (8)
Michigan:
7.8% (246,839)
Number of households with income $50k - 60k:
Prescott:
20.5% (25)
State:
7.4% (233,723)
Number of households with income $60k - 75k:
Prescott:
14.8% (18)
State:
10.4% (328,664)
Number of households with income $75k - 100k:
Prescott:
9.0% (11)
State:
13.6% (431,867)
Number of households with income $100k - 125k:
Prescott:
1.6% (2)
State:
10.3% (325,164)
Number of households with income $125k - 150k:
Prescott:
7.4% (9)
Michigan:
7.1% (226,232)
Number of households with income $150k - 200k:
Prescott:
4.9% (6)
Michigan:
8.1% (255,445)
Number of households with income > $200k:
Prescott:
0.0% (0)
State:
8.7% (276,727)
Aggregate household income in Prescott in 2022: $7,113,442
Median family income in Prescott in 2022:
Prescott:
$53,517
State:
$90,317
Number of families with income < $10k:
Prescott:
16.5% (15)
Michigan:
2.5% (49,508)
Number of families with income $10k - 20k:
Prescott:
2.2% (2)
State:
3.2% (64,106)
Number of families with income $30k - 40k:
Prescott:
4.6% (4)
Michigan:
5.9% (117,356)
Number of families with income $40k - 50k:
Prescott:
5.3% (5)
Michigan:
6.4% (127,491)
Number of families with income $50k - 60k:
Prescott:
27.4% (24)
Michigan:
6.8% (135,883)
Number of families with income $60k - 75k:
Prescott:
22.9% (20)
Michigan:
10.5% (209,130)
Number of families with income $75k - 100k:
Prescott:
8.9% (8)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Prescott:
2.2% (2)
State:
12.4% (248,235)
Number of families with income $125k - 150k:
Prescott:
9.9% (9)
Michigan:
9.2% (182,895)
Median per capita income in Prescott in 2022:
Prescott:
$19,302
State:
$41,514
Change in median per capita income between 2000 and 2022:
Prescott, Michigan:
+74.5%
State:
+75.2%
Income statistics for Hispanic or Latino residents
Median per capita income in Prescott in 2022:
Prescott:
$14,175
Michigan:
$25,462
Change in median per capita income between 2000 and 2022:: -7.7%
Prescott, Michigan:
-7.7%
State:
+83.3%
Income statistics for Multirace residents
Aggregate household income in Prescott in 2022: $129,511
Median per capita income in Prescott in 2022:
Prescott:
$16,769
Michigan:
$26,098
Change in median per capita income between 2000 and 2022:
Prescott, Michigan:
+109.6%
State:
+106.5%
Income statistics for other residents
Median per capita income in Prescott in 2022:
Prescott:
$14,615
State:
$27,114
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