Prentice, WI Profile: Facts & Data

The Village of Prentice had a population of 554 as of July 1, 2023. Prentice ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Wisconsin. See peer rankings below.

The primary coordinate point for Prentice is located at latitude 45.5461 and longitude -90.2865 in Price County. The formal boundaries for the Village of Prentice encompass a land area of 1.99 sq. miles and a water area of 0.03 sq. miles. Price County is in the Central time zone (GMT -6).

The Village of Prentice has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Prentice, WI Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	554 (100%)
Population in Households	554 (100.0%)
Population in Families	439 (79.2%)
Population in Group Quarters¹	0
Population Density	274
Diversity Index²	13


INCOME
Median Household Income	$54,518
Average Household Income	$70,508
% of Income for Mortgage⁴	11%
Per Capita Income	$32,582
Wealth Index⁵	51
Socioeconomic Status Index⁶	Moderate (61.0)

HOUSING
Total HU (Housing Units)	317 (100%)
Owner Occupied HU	195 (61.5%)
Renter Occupied HU	61 (19.2%)
Vacant Housing Units	61 (19.2%)
Median Home Value	$100,833
Average Home Value	$128,333
Housing Affordability Index³	200

HOUSEHOLDS
Total Households	256
Average Household Size	2.16
Family Households	151
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Prentice, WI - Peer Comparisons by Rank and Percentile

The table below compares Prentice to the other 807 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	-0.49%	-0.40%
Households	-0.24%	0.23%
Families		0.13%
Median Household Income		4.74%
Per Capita Income		3.37%
Owner Occupied HU		0.41%

Variable Description	Rank	Percentile
Total Population	# 512	37th
Population Density	# 610	25th
Median Household Income	# 663	18th
Housing Affordability Index	# 798	99th
Per Capita Income	# 601	26th
Diversity Index	# 669	18th

Prentice, WI Profile: Facts & Data

Prentice, Wisconsin - Basic Facts

Prentice, WI Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Prentice, WI - Peer Comparisons by Rank and Percentile

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