Prescott AZ Real EstatePrescott Real EstatePrescott AZ Real Estate
Prescott Arizona

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Prescott Economic Profile & Demographics

Prescott is located in central Arizona amid the largest strand of Ponderosa Pine in the world. Since Prescott's founding as the first territorial Capital of Arizona and the establishment of nearby Fort Whipple, government has been a dominant sector in the city's economy. Prescott is the headquarters of the Prescott National Forest and is the Yavapai County seat. The city is named in honor of William Hicking Prescott, a noted historian.

FOUNDED 1864 INCORPORATED 1883
COUNTY Yavapai County ELEVATION 5,400 ft.
DISTANCE TO PHOENIX 102 miles DISTANCE TO TUCSON 213 miles
HIGHWAYS I-17, SR 69, SR 89    


Population

 
1990
2000
2001
Prescott
26,592
33,938
35,815
Yavapai County
107,714
167,517
175,305
Arizona
3,665,227
5,130,632
5,319,895


Principal Economic Activities

Prescott is the center for trade in the region, with abundant retail establishments, rofessional services and manufacturing plants. Yavapai Regional Medical Center and Veterans Administration Hospital provide excellent diagnostic emergency and treatment centers. Travil and tourism, cultural institutions and government offices are important to Prescott's economy. Prescott National Forest, area lakes, and established trail and park systems provide numerous outdoor activities for residents and visitors.

County Employment
1990
2001
Agriculture
815
Construction
2,325
4,875
FIRE
1,050
1,575
Government
5,875
9,975
Manufacturing
2,325
3,375
Mining
925
1,075
Services
6,625
15,275
TCPU
1,075
1,325
Trade
7,625
13,700

Sources: Arizona Department of Economic Security

Major Private Employers

  • Embry-Riddle Aeronautical University
  • Sturm Ruger & Company
  • Yavapai Regional Medical Center
  • Phelps Dodge Bagdad Copper Mine
  • Wal-Mart

Major Public Employers

  • City of Prescott
  • State of Arizona
  • Yavapai County
  • Prescott Unified School District
  • Veterans Administration Medical Center

Labor Force Data

 
1990
2000
2001
Civilian Labor Force
11,412
17,098
17,824
Unemployed
583
532
582
Unemployment Rate
5.1%
3.1%
3.3%

 Growth Indicators
1990
2000
2001
New Building Permits
800
1,145
1,228
Taxable Sales ($)
191,365,533
789,457,474
835,770,238
Net Assessed Valuation ($)
139,146,965
297,152,634
325,907,477


Scenic Attractions

Prescott AZ Real Estate

Prescott is rich in historic and scenic attractions. Sharlot Hall Museum and the Smoki Museum contain pioneer and Indian artifacts. Nearby recreational opportunities include: Thumb Butte, Prescott's outstanding landmark; scenic drives, such as the Senator Highway, and the Prescott National Forest, which contains more than 1.2 million acres of land. A number of lakes are within the vicinity, including Lunx, Granite Basin, Watson, Willow and Goldwater. Major annual events include territorial Days, Bluegrass Festival, and All-Indian Pow Wow in June; the Prescott Frontier Days Roado and Celebration on the Fourth of July; the Phippen Western Art Show on Memorial Day weekend; the County Fair and the Faire on the Square in September; and the Christmas Parade and Courthouse Lighting in December.


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Prescott AZ real estate
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