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Prospect, KY

Full City Profile · Kentucky · Oldham County County

4.0 /5.0
A Great
4,518 Population 1,180/sq mi density
$172,361 Median Income $98,261 per capita
$494,000 Home Value $612,615 Zillow
$1,287 Median Rent 30.6% income on rent
58°F Avg Temperature 293 sunny days/yr
20 Violent Crime/100K 908 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.9 / 5.0
$172,361 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$494,000 home value, $1,287/mo rent
F
Safety
1.0 / 5.0
20 violent crimes/100K
A+
Education
5.0 / 5.0
71.4% bachelor's degree or higher

Prospect, KY

At a Glance

Median Income
$172,361
129% above
$98,261 per capita
Home Value
$494,000
75% above
Zillow: $612,615
Median Rent
$1,287/mo
11% above
30.6% of income on rent
Violent Crime
20/100K
95% below
908/100K property
Bachelor's Degree+
71.4%
112% above
99.4% high school+
Unemployment
2.5%
31% below
2.3% poverty rate
Obesity Rate
34.5%
7% above
23.3% smoking rate
Avg Temperature
58°F
293 sunny days/yr

How Prospect Compares to the U.S. Average

Each bar shows Prospect's value as a percentage of the national average (100% = U.S. avg)

Income
229%
Home Value
175%
Rent
111%
Poverty
19%
Bachelor's
212%
Unemployment
69%
Crime
5%
Thin vertical line = U.S. national average (100%)

Is Prospect a Good Place to Live?

A
4.0 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Prospect residents earn a median household income of $172,361 , which is 129% above the national average of $75,149. Per capita income is $98,261. The unemployment rate stands at 2.5% (31% below the U.S. rate of 3.6%). 2.3% of residents live below the poverty line. The area is home to 2,480 business establishments, including 81 restaurants.

Housing & Cost of Living

The median home value in Prospect is $494,000 , 75% above the national median of $281,900. Zillow estimates the typical home at $612,615. Median rent is $1,287/month, with 30.6% of renters spending more than 30% of income on housing. The cost of living index is 90.2 (100 = national average). The median home was built in 1988.

Safety & Crime

Prospect reports 20 violent crimes per 100,000 residents , which is 95% below the national average of 380/100K. Property crime is 908/100K. The murder rate is 0.0/100K.

Education

71.4% of adults in Prospect hold a bachelor's degree or higher (112% above the national average). 99.4% have completed high school. Local schools score 6.7/10 in standardized testing.

Climate & Weather

Prospect has an average annual temperature of 58°F (14°C). Winters average 35°F in January while summers reach 79°F in July. The area gets 293 sunny days per year. Annual precipitation totals 48.1 inches. Air quality is rated Good with a median AQI of 41.

Data Overview

People

Population4,518
Median Age55.2 yrs
Density1,180/mi²
Male / Female48% / 52%
Foreign Born13.6%
Veterans5.3%

Economy

A+
Median Income$172,361
Per Capita$98,261
Unemployment2.5%
Poverty2.3%
County GDP$3,011M
Avg Weekly Wage$1,311

Housing

A+
Home Value$494,000
Rent$1,287
Ownership92.0%
Zillow$612,615
Housing Units2,107
Rent Burden30.6%

Crime

F
Violent20/100K
Property908/100K
Murder0.0/100K
Assault20/100K
Burglary121/100K

Health

Obesity34.5%
Diabetes11.5%
Smoking23.3%
Heart Disease7.0%
Premature Death5,389/100K

Climate

Avg Temp58°F
Sunny Days293/yr
Rain48.1 in/yr
AQI41 (Good)
Elevation501 ft

Education

A+
Bachelor's+71.4%
High School+99.4%
Graduate+35.9%
School Score6.7/10

Community

2024 VoteR 60% / D 38%
Commute22 min
Broadband94.9%
Internet Speed176 Mbps
EV Stations1
Libraries3

Did You Know?

Prospect was founded in 1974.
The median home in Prospect was built in 1988.
19.3% work from home.
The nearest airport is Louisville Muhammad Ali International (14 miles).
The Gini coefficient (income inequality) is 0.440 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
9.2% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 176 Mbps.
The county recorded 7 fatal vehicle crashes.