Prescott, AR vs Wilson, AR

Prescott, AR and Wilson, AR have a very similar cost of living, with only a 3.3% difference in their overall index. Prescott scores 65 while Wilson scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Prescott is $863/month compared to $825/month in Wilson — a 5% difference. Interestingly, home values tell a different story: while Wilson has cheaper rent, Prescott actually has lower median home values ($95,100 vs $135,900).

Median household income in Prescott is $29,403 compared to $76,065 in Wilson (-61.3%). While Wilson is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Prescott spend roughly 35.2% of their income on rent, more than the 13% in Wilson. The Wilson ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.