Prescott is considered a Large Town with a population of 42,731 and 7,961 businesses. 75 in 2018 were added to the Prescott Chamber of Commerce business directory which was less than 2017 which had 149.

The economy of Prescott employs 18,374 people and has an unemployment rate of 7.7%. Some of the largest industries in Prescott are Professional Services (593),Entertainment Agencies & Bureaus (230), and Builders & Contractors (228).