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Prospect, Tennessee

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
145
Population
$61,607
Median Income
$154,800
Home Value
52.0
Median Age

Demographics

Prospect has a population of 145 with a median age of 52.0. Here is the racial and ethnic breakdown of the population:

White
94.5%
Other
5.5%
Demographic Value
Total Population145
Median Age52.0
White94.5%
Other / Two or More Races5.5%
Prospect, Tennessee — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 94.5%Other: 5.5%145PopulationWhiteWhite94.5%OtherOther5.5%

Income & Economy

The median household income in Prospect is $61,607, which is 23.6% below the national median of $80,610. The per capita income is $24,866.

$61,607
Median Household Income
$24,866
Per Capita Income

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Education

In Prospect, 95.1% of residents age 25+ have a high school diploma or higher, and 45.1% hold a bachelor's degree or higher (5.7% with a graduate or professional degree).

HS Diploma+
95.1%
Bachelor's+
45.1%
Graduate+
5.7%
Education Level % of Adults (25+)
High School Diploma or Higher95.1%
Bachelor's Degree or Higher45.1%
Graduate or Professional Degree5.7%

Housing

The median home value in Prospect is $154,800, below the national median of $303,400. The homeownership rate is 86.0%.

$154,800
Median Home Value
86.0%
Homeownership Rate
Housing Metric Value
Median Home Value$154,800
Homeownership Rate86.0%

Salaries in Tennessee

Explore salary data for popular occupations in Tennessee:

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Other Cities in Tennessee

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Frequently Asked Questions

What is the population of Prospect, Tennessee?
The population of Prospect, Tennessee is 145 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Prospect, Tennessee?
The median household income in Prospect, Tennessee is $61,607. This is 23.6% below the national median of $80,610.
What is the median home value in Prospect, Tennessee?
The median home value in Prospect, Tennessee is $154,800.
What percentage of people in Prospect have a college degree?
In Prospect, Tennessee, 45.1% of adults age 25 and older hold a bachelor's degree or higher, and 95.1% have a high school diploma or higher.
Is Prospect, Tennessee an affordable place to live?
The home price-to-income ratio in Prospect, Tennessee is 2.5x (median home value $154,800 vs. median income $61,607), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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