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Prospect, Pennsylvania

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
1,157
Population
$88,250
Median Income
$171,300
Home Value
43.5
Median Age

Demographics

Prospect has a population of 1,157 with a median age of 43.5. Here is the racial and ethnic breakdown of the population:

White
96.2%
Other
2.7%
Asian
0.7%
Demographic Value
Total Population1,157
Median Age43.5
White96.2%
Asian0.7%
Hispanic or Latino0.4%
Other / Two or More Races2.7%
Prospect, Pennsylvania — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 96.2%Other: 2.7%Other: 1.1%1,157PopulationWhiteWhite96.2%OtherOther2.7%OtherOther1.1%

Income & Economy

The median household income in Prospect is $88,250, which is 9.5% above the national median of $80,610. The per capita income is $37,406. The poverty rate is 5.8%.

$88,250
Median Household Income
$37,406
Per Capita Income
5.8%
Poverty Rate

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Education

In Prospect, 96.9% of residents age 25+ have a high school diploma or higher, and 22.2% hold a bachelor's degree or higher (6.0% with a graduate or professional degree).

HS Diploma+
96.9%
Bachelor's+
22.2%
Graduate+
6.0%
Education Level % of Adults (25+)
High School Diploma or Higher96.9%
Bachelor's Degree or Higher22.2%
Graduate or Professional Degree6.0%

Housing

The median home value in Prospect is $171,300, below the national median of $303,400. The median monthly rent is $873. The homeownership rate is 90.6%.

$171,300
Median Home Value
$873/mo
Median Rent
90.6%
Homeownership Rate
Housing Metric Value
Median Home Value$171,300
Median Monthly Rent$873
Homeownership Rate90.6%
Vacancy Rate13.1%

Salaries in Pennsylvania

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Frequently Asked Questions

What is the population of Prospect, Pennsylvania?
The population of Prospect, Pennsylvania is 1,157 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Prospect, Pennsylvania?
The median household income in Prospect, Pennsylvania is $88,250. This is 9.5% above the national median of $80,610.
What is the median home value in Prospect, Pennsylvania?
The median home value in Prospect, Pennsylvania is $171,300. The median monthly rent is $873.
What percentage of people in Prospect have a college degree?
In Prospect, Pennsylvania, 22.2% of adults age 25 and older hold a bachelor's degree or higher, and 96.9% have a high school diploma or higher.
Is Prospect, Pennsylvania an affordable place to live?
The home price-to-income ratio in Prospect, Pennsylvania is 1.9x (median home value $171,300 vs. median income $88,250), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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