Cottonwood has the 2323rd largest population in the United States. The population grew by 4.9% from 2010 to 2015, which was faster than the national average. Cottonwood is part of the Prescott metro area. Unemployment in the Prescott area is 4%, which is higher than the national average, and is getting better. Prescott has the 313th largest local economy in the US, and a low cost of living. The average pay for jobs in Cottonwood is below average at $39,300, and the median cost of a home in Cottonwood is $129,700, which is below the national average. 16% of workers in Cottonwood hold a bachelors degree or higher (above average), and 85% of workers have a high school degree (above average). Driving to work is especially common in Cottonwood. 74% of Cottonwood workers drive to work alone, 0% take public transit, 13% carpool, and 12% walk. People in Cottonwood spend an average of 19 minutes commuting to work, which is shorter than the national average of 26 minutes.