Prescott, Arizona Overview Founded in 1864 as the capital of Arizona, Prescott is now home to 39,843 residents and a ...
Prescott, Arizona Overview
Founded in 1864 as the capital of Arizona, Prescott is now home to 39,843 residents and a metropolitan population of 215,133. The city's motto, "Welcome to Everybody's Hometown" is an homage to the friendly people and atmosphere of the region. The downtown area, known as Whiskey Row, is full of old Victorian style buildings converted to restaurants, boutiques, and bars. In fact, the oldest bar in the state of Arizona, The Palace, is still in operation in Whiskey Row. Due to it's surroundings, the city is also a paradise for the avid outdoorsman with hiking, mountain biking and rock climbing as some of it's frequented activities.
The cost of living in Prescott is 4.7 percent lower than the national average and 7.4 percent less than the state average. Every aspect of the city is cheaper than average including goods and services, healthcare, groceries, transportation, utilities, and housing. The median household income is $37,729, while the median home price is $161,100. Average rental prices for the area are $772 a month.
Prescott Job Opportunities
The city, which is located 78 miles north of Phoenix, is the area's leading trade and commerce center. The main employer for Prescott, AZ jobs is the local government, including Yavapai County and the City of Prescott. Other industries providing jobs in Prescott, AZ include healthcare, real estate, tourism, construction, education, accommodation, gaming and retail. The largest private employer in the city is Yavapai Regional Medical Center, so finding healthcare jobs in Prescott is easier than other industries.
Education is also another very important portion of the local economy, as major employers for Prescott jobs include Yavapai College, a satellite campus of Embry-Riddle Aeronautical University, a branch of Northern Arizona University, and the Prescott Unified School District. For those searching for a city with a more urban feel or for more potential job opportunities, check out nearby Phoenix jobs.
Prescott Employment Trends
As of September 2014, Prescott had an unemployment rate of 6.5 percent, which is 0.3 percent higher than the national average, but 0.5 percent less than the state average. The current annual job growth rate is 1.7 percent, but a projected rate of 4.2 percent each year for the next 10 years. Forbes ranks Prescott as the 68th best small place for careers and business, 65th in the cost of doing business, and 175th in job growth. Money Magazine also listed Prescott as one of the top 10 western towns for young professionals.