Prescott, Michigan Demographics & Population 2026
Demographic data: ACS 2020–2024 five-year estimates. Sources and methodology
During the 2020–2024 ACS period, Prescott, Michigan had a total population of 270, the 639th largest village in Michigan, with a median household income of $57,885, which is 21% lower than the state average. The poverty rate is 17.4%.
Key Takeaways
- Only 3.6% of adults have a bachelor's degree, well below the national average of 35.7%.
- Housing is very affordable with a home-value-to-income ratio of just 1.2x.
- Unemployment rate of 14.1% is notably above the national average.
Prescott Quick Facts
How Prescott Changed
Change from the non-overlapping 2015–2019 ACS period to 2020–2024. Earlier dollar figures are adjusted to 2024 dollars; changes marked “no clear change” are within the combined 90% margins of error.
| Metric | 2015–2019 | 2020–2024 | Change |
|---|---|---|---|
| Population | 246 | 270 | No clear change (+9.8%) |
| Median household income | $43,075 | $57,885 | No clear change (+34.4%) |
| Median home value¹ | $67,689 | $68,800 | No clear change (+1.6%) |
| Median gross rent | $800 | $1,339 | +67.4% |
How Prescott Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
- White: 87.0%
- Black: 0.0%
- Hispanic: 7.0%
- Asian: 0.0%
- Other: 0.0%
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 45 | National average: 61
Education
Educational Attainment (Adults 25+)
- < High School: 14.5%
- HS Diploma: 44.0%
- Some College: 32.6%
- Associate's: 5.2%
- Bachelor's: 3.6%
- Graduate+: 0.0%
Prescott Rankings in Michigan
Explore Michigan Rankings
Other Cities in Ogemaw County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Skidway Lake | 3,008 | $39,265 | 37.9% | $59,100 |
| West Branch | 2,225 | $41,250 | 23.1% | $147,800 |
| Rose City | 575 | $25,179 | 32.2% | $101,700 |
| Lupton | 206 | $60,208 | 16.0% | $77,500 |
Cities Similar to Prescott
These cities in the same state have comparable population and economic profiles.
A note before these figures: with a population of 270, Prescott's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Prescott is a small community located in Michigan, within Ogemaw County. The total population is 270. It ranks as the 639th most populous out of 745 Census-designated places in Michigan.
Age Demographics
The median age in Prescott is 46.2 years. This is 15% higher than the state median of 40.2 years.
Economy, Income & Housing
The median household income in Prescott is $57,885. This is 21% lower than the state median of $72,875. It is also 28% lower than the national median of $80,734. The poverty rate stands at 17.4%. This is 32% higher than the state poverty rate of 13.2%. The unemployment rate is 14.1%. This is 148% higher than the state rate of 5.7%. The median home value is $68,800. Housing costs are 70% lower than the state median of $231,600. With a home-value-to-income ratio of just 1.2x, Prescott is one of the most affordable housing markets in the area. 90.6% of occupied housing units are owner-occupied. This homeownership rate is 24% higher than the state average of 73.2%.
Race & Ethnicity
Prescott has a predominantly White (non-Hispanic) population, comprising 87.0% of all residents. Hispanic or Latino residents account for 7.0%.
Education
3.6% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 89% lower than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 85.5%.
Data Sources & Methodology
All demographic data for Prescott, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
Free data download: Get all Michigan city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Prescott, Michigan?
Prescott, Michigan has a population of 270 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Prescott, MI?
The median household income in Prescott is $57,885, which is 28% lower than the national median of $80,734.
What is the poverty rate in Prescott, MI?
The poverty rate in Prescott is 17.4%. This means approximately 47 residents live below the federal poverty line.
What is the racial makeup of Prescott, Michigan?
Prescott's population is 87.0% White, 0.0% Black, 7.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Prescott, MI?
The median home value in Prescott is $68,800. The home-value-to-income ratio is 1.2x.
How educated is Prescott, Michigan?
3.6% of adults (25+) in Prescott hold a bachelor's degree or higher, and 0.0% hold a graduate or professional degree.