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Prospect Park, New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
6,319
Population
$53,125
Median Income
$406,800
Home Value
36.2
Median Age

Demographics

Prospect Park has a population of 6,319 with a median age of 36.2. Here is the racial and ethnic breakdown of the population:

Hispanic
64.9%
White
26.4%
Black
12.3%
Asian
5.8%
Demographic Value
Total Population6,319
Median Age36.2
White26.4%
Black or African American12.3%
Asian5.8%
Hispanic or Latino64.9%
Prospect Park, New Jersey — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 109.Hispanic/Latino: 59.3%White: 24.1%Black: 11.2%Asian: 5.3%6,319PopulationHispanic/LatinoHispanic/Latino59.3%WhiteWhite24.1%BlackBlack11.2%AsianAsian5.3%

Income & Economy

The median household income in Prospect Park is $53,125, which is 34.1% below the national median of $80,610. The per capita income is $28,785. The poverty rate is 28.3%.

$53,125
Median Household Income
$28,785
Per Capita Income
28.3%
Poverty Rate

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Education

In Prospect Park, 89.2% of residents age 25+ have a high school diploma or higher, and 31.1% hold a bachelor's degree or higher (7.3% with a graduate or professional degree).

HS Diploma+
89.2%
Bachelor's+
31.1%
Graduate+
7.3%
Education Level % of Adults (25+)
High School Diploma or Higher89.2%
Bachelor's Degree or Higher31.1%
Graduate or Professional Degree7.3%

Housing

The median home value in Prospect Park is $406,800, above the national median of $303,400. The median monthly rent is $1,647. The homeownership rate is 42.0%.

$406,800
Median Home Value
$1,647/mo
Median Rent
42.0%
Homeownership Rate
Housing Metric Value
Median Home Value$406,800
Median Monthly Rent$1,647
Homeownership Rate42.0%
Vacancy Rate5.4%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Prospect Park, New Jersey?
The population of Prospect Park, New Jersey is 6,319 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Prospect Park, New Jersey?
The median household income in Prospect Park, New Jersey is $53,125. This is 34.1% below the national median of $80,610.
What is the median home value in Prospect Park, New Jersey?
The median home value in Prospect Park, New Jersey is $406,800. The median monthly rent is $1,647.
What percentage of people in Prospect Park have a college degree?
In Prospect Park, New Jersey, 31.1% of adults age 25 and older hold a bachelor's degree or higher, and 89.2% have a high school diploma or higher.
Is Prospect Park, New Jersey an affordable place to live?
The home price-to-income ratio in Prospect Park, New Jersey is 7.7x (median home value $406,800 vs. median income $53,125), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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