Prospect, KY demographics:
population, income, and more

Total population
4,542
0.5% year-over-year change
Median household income
$163,462/yr
-5.2% year-over-year change
Housing units
2,088
1.4% year-over-year change

Prospect population

How many people live in Prospect

Prospect is home to 4,542 residents, according to the most recent Census data. Gender-wise, 47.6% of Prospect locals are male, and 52.4% are female.

Total population
4,542
0.5% year-over-year change
Gender ratio
Male
47.6%
2,163
Female
52.4%
2,379
Value Percent YoY change
Male 2,163 47.6% 0.0%
Female 2,379 52.4% 1.0%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Prospect is 54, with the population distributed as follows: about 14.7% are children under 15, then 10.3% are in the 15 to 24 age group. Adults between 25 and 44 make up 10.1% of the population, while another 34.5% fall into the 45 to 64 bracket. Finally, around 30.5% are 65 or older.

Median age
54.5
Age breakdown
Under 15
14.7%
15 to 24
10.3%
25 to 44
10.1%
45 to 64
34.5%
Over 65
30.5%
Value Percent YoY change
Under 15 667 14.7% 18.9%
15 to 24 467 10.3% -4.9%
25 to 44 457 10.1% -0.4%
45 to 64 1,567 34.5% 6.6%
Over 65 1,384 30.5% -9.9%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Prospect, 93.4% of the population are US-born citizens, while 4.5% have gained naturalized citizenship. At the same time, 2.1% of residents are non-citizens. As for race, 89.4% of locals are Caucasian, 4.5% are African American and 4.2% have Asian roots. There’s also a share of 1.9% that includes residents with two or more races.

Citizenship
U.S.-born citizens
93.4%
Non-U.S.-born citizens
4.5%
Non-citizens
2.1%
Value Percent YoY change
U.S.-born citizens 4,242 93.4% -0.6%
Non-U.S.-born citizens 204 4.5% 18.6%
Non-citizens 96 2.1% 20.0%
Racial breakdown
White
89.4%
Black or African American
4.5%
American Indian and Alaska Native
0%
Asian
4.2%
Native Hawaiian and other Pacific Islander
0%
Two or more races
1.9%
Other
0%
Value Percent
White 4,062 89.4%
Black or African American 203 4.5%
Asian 189 4.2%
Two or more races 88 1.9%

Households in Prospect

A peek inside Prospect households

Prospect has 1,958 households, with an average of 2 members in each. Of these, 72.6% are families, while the remaining 27.4% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
1,958
0.1% year-over-year change
Average people per household
2
Non-family households
537
Family households
1,421
Value Percent YoY change
Non-family households 537 27.4% 7.8%
Family households 1,421 72.6% -2.6%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Prospect

The housing landscape of Prospect

Prospect's housing consists of 2,088 units, with 81.6% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 10.7% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 0.7% of the housing landscape.

Housing units
2,088
1.4% year-over-year change
Housing types
Value Percent
1 unit, detached 1,703 81.6%
1 unit, attached 223 10.7%
3 or 4 units 77 3.7%
5 to 9 units 49 2.4%
10 to 19 units 22 1%
Mobile home 14 0.7%
Homes built since 2020
0
-100.0% year-over-year change

The age of buildings in Prospect

In Prospect, the median construction year is 1990. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 17 0.8% -5.6%
Built between 1950 and 1959 10 0.5% 25.0%
Built between 1960 and 1969 162 7.8% -25.0%
Built between 1970 and 1979 399 19.1% -0.2%
Built between 1980 and 1989 456 21.8% -8.2%
Built between 1990 and 1999 809 38.8% 14.4%
Built between 2000 and 2009 189 9% 11.2%
Built between 2010 and 2019 46 2.2% 70.4%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Prospect occupancy rates

Out of the 1,958 occupied housing units in Prospect, 93.3% are owner-occupied, while 6.7% are lived in by tenants. Meanwhile, 6.2% of all homes on the local market sit vacant.

Occupied housing units
1,958
0.1% year-over-year change
Occupancy breakdown
Renter occupied
132
Owner occupied
1,826
Value Percent YoY
change
Renter occupied 132 6.7% -15.9%
Owner occupied 1,826 93.3% 1.4%
Unoccupied housing units
6.2%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Prospect housing costs

Housing costs in Prospect come to a median of $1,703 per month, while tenants specifically pay a median gross rent of $1,193.

Median housing costs per month
$1,703/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Prospect
$1,193/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Prospect

Prospect education at a glance

About 7% of the population in Prospect went to high school, while 18.6% pursued college studies. Another 5.2% earned an associate degree and 33% hold a bachelor’s. Meanwhile, 36.3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
High school diploma 260 7% -4.8%
College diploma 686 18.6% -14.6%
Associate degree 191 5.2% 13.0%
Bachelor's degree 1,218 33% -7.0%
Graduate degree 1,342 36.3% 10.2%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Prospect

How much people earn in Prospect

The average annual household income in Prospect was $237,061 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +4.4% change from the previous year. At the same time, the median income stood at $163,462, reflecting a -5.2% shift over the same period.

Average household income in Prospect
$237,061/year
4.4% year-over-year change
Median household income in Prospect
$163,462/year
-5.2% year-over-year change

Prospect income by age

In Prospect, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $164,038. Those with someone between 45 and 64 in charge, often well established professionally, earn $248,750 overall. Overall, 97.6% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $164,038 3.2%
45 - 64 $248,750 -0.5%
Over 65 $111,607 -1.0%
Above poverty level
4,397
Below poverty level
110
Value Percent YoY
change
Above poverty level 4,397 97.6% 0.1%
Below poverty level 110 2.4% 8.9%

Average renter income in Prospect

To get a better sense of what renters earn on average in Prospect, their median household income was $49,375 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 29%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$49,375
Rent-to-income ratio
29%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Prospect

Workforce and job types in Prospect

The job market in Prospect is powered by 2,129 working residents, spread across a range of industries and roles. 94.9% of the working population are employed in professional or administrative positions, while 5.1% are in hands-on or service-based jobs. Also, 18.8% run their own businesses, 60.7% are employed by private companies, and 5.8% work in the public sector.

Workforce demographics

Working population
2,129
2.7% year-over-year change
White collar
2,021
Blue collar
108
Value Percent YoY change
White collar 2,021 94.9% 0.5%
Blue collar 108 5.1% 77.0%
Employer type
Self employees
18.8%
Private companies
60.7%
Governmental workers
5.8%
Not for profit companies
14.7%
Value Percent YoY change
Self employees 400 18.8% -11.1%
Private companies 1,292 60.7% 5.6%
Governmental workers 124 5.8% -10.8%
Not for profit companies 313 14.7% 20.4%
Unemployment rate
4.2%
-5.1% year-over-year change

Available workforce

The unemployment rate in Prospect stands at 4.2%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Prospect

How people get around in Prospect

Means of transportation
Value Percent YoY change
Car 1,635 80% 1.4%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Prospect by zipcode?

Zipcode Population Number of households Median income Average income
40059 20,892 8,250 $152,727 $236,322

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FAQs about Prospect demographics 

What is the total population of Prospect?

Prospect has a total population of 4,542 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +0.5% compared to a year ago.

What is the gender ratio in Prospect?

The gender ratio in Prospect is as follows:
  • 47.6% males (2,163 residents)
  • 52.4% females (2,379 residents)

What is the median age in Prospect?

The median age in Prospect is 54.5.

What is the age distribution of the population in Prospect?

The age distribution in Prospect is as follows:
  • Under 15: 14.7% (667 residents)
  • Ages 15-24: 10.3% (467 residents)
  • Ages 25-44: 10.1% (457 residents)
  • Ages 45-64: 34.5% (1,567 residents)
  • Over 65: 30.5% (1,384 residents)

What is the racial and ethnic makeup of Prospect?

The racial and ethnic makeup of Prospect is as follows:
  • White: 89.4% (4,062 residents)
  • Black or African American: 4.5% (203 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 4.2% (189 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 1.9% (88 residents)
  • Other: 0% (0 residents)

What percentage of the population in Prospect are U.S.-born citizens?

U.S.-born citizens represent 93.4% of the population in Prospect.

How many housing units are there in Prospect?

There are 2,088 housing units in Prospect, reflecting a +1.4% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Prospect and what is the average household size?

Prospect has a total of 1,958 households, with an average of 2 people in each.

What is the median household income in Prospect?

Prospect has a median household income of $163,462, representing a -5.2% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Prospect?

The employment rate is 95.8% in Prospect, with a workforce of 2,129 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 94.9% (2,021 residents)
  • Blue-collar workers: 5.1% (108 residents)

Places of employment:
  • Self-employed: 18.8% (400 residents)
  • Private companies: 60.7% (1,292 residents)
  • Governmental workers: 5.8% (124 residents)
  • Not-for-profit companies: 14.7% (313 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025