Prospect, TN

Full City Profile · Tennessee · Lincoln County County

4.3 /5.0
A Great
165 Population 118/sq mi density
$74,583 Median Income $26,327 per capita
$117,000 Home Value $255,239 Zillow
62°F Avg Temperature
A
Overall
4.3 / 5.0
Strong
B+
Economy
3.8 / 5.0
$74,583 median income, 6.5% unemployment
A+
Affordability
5.0 / 5.0
$117,000 home value, /mo rent
A
Education
4.2 / 5.0
40.0% bachelor's degree or higher

Prospect, TN

At a Glance

Median Income
$74,583
1% below
$26,327 per capita
Home Value
$117,000
58% below
Zillow: $255,239
Bachelor's Degree+
40.0%
19% above
96.4% high school+
Unemployment
6.5%
81% above
0.0% poverty rate
Obesity Rate
40.0%
25% above
20.9% smoking rate
Avg Temperature
62°F

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
99%
Home Value
42%
Poverty
0%
Bachelor's
119%
Unemployment
181%
Thin vertical line = U.S. national average (100%)

Is Prospect a Good Place to Live?

A
4.3 / 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 $74,583 , which is 1% below the national average of $75,149. Per capita income is $26,327. The unemployment rate stands at 6.5% (81% above the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 804 business establishments, including 42 restaurants.

Housing & Cost of Living

The median home value in Prospect is $117,000 , 58% below the national median of $281,900. Zillow estimates the typical home at $255,239. The cost of living index is 91.9 (100 = national average). The median home was built in 1994.

Education

40.0% of adults in Prospect hold a bachelor's degree or higher (19% above the national average). 96.4% have completed high school. Local schools score 5.5/10 in standardized testing.

Climate & Weather

Prospect has an average annual temperature of 62°F (17°C). Winters average 41°F in January while summers reach 81°F in July. Annual precipitation totals 55.7 inches.

Data Overview

People

Population165
Median Age41.8 yrs
Density118/mi²
Male / Female36% / 64%
Foreign Born2.4%
Veterans0.0%

Economy

B+
Median Income$74,583
Per Capita$26,327
Unemployment6.5%
Poverty0.0%
County GDP$1,714M
Avg Weekly Wage$973

Housing

A+
Home Value$117,000
Rent
Ownership80.6%
Zillow$255,239
Housing Units37
Rent Burden30.7%

Health

Obesity40.0%
Diabetes12.3%
Smoking20.9%
Heart Disease6.2%
Premature Death13,045/100K

Climate

Avg Temp62°F
Rain55.7 in/yr
Elevation591 ft

Education

A
Bachelor's+40.0%
High School+96.4%
Graduate+11.1%
School Score5.5/10

Community

2024 VoteR 82% / D 17%
Commute32 min
Broadband66.7%
Internet Speed85 Mbps
EV Stations1
Libraries1

Did You Know?

The median home in Prospect was built in 1994.
The nearest airport is Pryor Field Regional (26 miles).
The Gini coefficient (income inequality) is 0.429 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
23.6% of the population has a disability.
The county recorded 6 fatal vehicle crashes.