Prairie Grove is a somewhat small city located in the state of Arkansas. With a population of 7,605 people and two associated neighborhoods, Prairie Grove is the 53rd largest community in Arkansas. Much of the housing stock in Prairie Grove was built relatively recently. The construction of new real estate can often be taken as an indication that the local Prairie Grove economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Prairie Grove, where the median household income is $56,541.00.

Prairie Grove real estate is some of the most expensive in Arkansas, although Prairie Grove house values don't compare to the most expensive real estate in the U.S.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.15% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Being a small city, Prairie Grove does not have a public transit system used by locals to get to and from work.

The percentage of adults in Prairie Grove who are college-educated is close to the national average for all communities of 21.84%: 18.68% of the adults in Prairie Grove have a bachelor's degree or advanced degree.

The per capita income in Prairie Grove in 2018 was $26,410, which is upper middle income relative to Arkansas, and lower middle income relative to the rest of the US. This equates to an annual income of $105,640 for a family of four. However, Prairie Grove contains both very wealthy and poor people as well.

Prairie Grove is a somewhat ethnically-diverse city. The people who call Prairie Grove home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Prairie Grove residents report their race to be White, followed by Asian. Important ancestries of people in Prairie Grove include English, German, Irish, Norwegian, and Scottish.

The most common language spoken in Prairie Grove is English. Other important languages spoken here include Italian and Spanish.