Prospect, KY

Census Place

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2022 Population
4,624
0.623% 1-year decline
US Senator
Mitch McConnell
Republican Party
US Senator
Rand Paul
Republican Party
2022 Median Age
56.2
2.26% 1-year decrease
2022 Poverty Rate
1.47%
29.1% 1-year increase
2022 Median Household Income
$173,528
7.81% 1-year growth
2022 Median Property Value
$470,400
10.3% 1-year growth

About

In 2022, Prospect, KY had a population of 4.62k people with a median age of 56.2 and a median household income of $173,528. Between 2021 and 2022 the population of Prospect, KY declined from 4,653 to 4,624, a −0.623% decrease and its median household income grew from $160,960 to $173,528, a 7.81% increase.

The 5 largest ethnic groups in Prospect, KY are White (Non-Hispanic) (93.5%), Asian (Non-Hispanic) (3.68%), Black or African American (Non-Hispanic) (1.08%), White (Hispanic) (0.995%), and Two+ (Non-Hispanic) (0.433%).

None of the households in Prospect, KY reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

97.7% of the residents in Prospect, KY are U.S. citizens.

In 2022, the median property value in Prospect, KY was $470,400, and the homeownership rate was 94.9%.

Most people in Prospect, KY drove alone to work, and the average commute time was 23.2 minutes. The average car ownership in Prospect, KY was 2 cars per household.

Population & Diversity

Prospect, KY is home to a population of 4.62k people, from which 97.7% are citizens. As of 2022, 7.48% of Prospect, KY residents were born outside of the country (346 people).

In 2022, there were 25.4 times more White (Non-Hispanic) residents (4.32k people) in Prospect, KY than any other race or ethnicity. There were 170 Asian (Non-Hispanic) and 50 Black or African American (Non-Hispanic) residents, the second and third most common ethnic groups.

Citizenship

97.7%
2022 Citizenship
96.8%
2021 Citizenship

As of 2022, 97.7% of Prospect, KY residents were US citizens, which is higher than the national average of 93.5%. In 2021, the percentage of US citizens in Prospect, KY was 96.8%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Prospect, KY compared to that of it's neighboring and parent geographies.

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Race and Ethnicity

The 3 largest ethnic groups in Prospect, KY
  1. White (Non-Hispanic)
    4.32k ± 197
  2. Asian (Non-Hispanic)
    170 ± 106
  3. Black or African American (Non-Hispanic)
    50 ± 60
1.32%
Hispanic Population
61 people

In 2022, there were 25.4 times more White (Non-Hispanic) residents (4.32k people) in Prospect, KY than any other race or ethnicity. There were 170 Asian (Non-Hispanic) and 50 Black or African American (Non-Hispanic) residents, the second and third most common ethnic groups.

1.32% of the people in Prospect, KY are hispanic (61 people).

The following chart shows the 7 races represented in Prospect, KY as a share of the total population.

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Foreign-Born Population

7.48%
2022 Foreign-Born Population
346 people
10.5%
2021 Foreign-Born Population
487 people

As of 2022, 7.48% of Prospect, KY residents (346 people) were born outside of the United States, which is lower than the national average of 13.6%. In 2021, the percentage of foreign-born citizens in Prospect, KY was 10.5%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Prospect, KY compared to that of it's neighboring and parent geographies.

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Veterans

Most Common Service Period
  1. Vietnam
    106 ± 63
  2. World War II
    26 ± 38
  3. Gulf War (2001-)
    19 ± 28

Prospect, KY has a large population of military personnel who served in Vietnam, 4.08 times greater than any other conflict.

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Economy

The economy of Prospect, KY employs 2.16k people. The largest industries in Prospect, KY are Professional, Scientific, & Technical Services (422 people), Health Care & Social Assistance (347 people), and Finance & Insurance (242 people), and the highest paying industries are Accommodation & Food Services ($250,001), Wholesale Trade ($169,875), and Educational Services ($162,697).

Occupations

2.16k
2022 Value
± 295
1.55%
1 Year growth
± 19.6%

From 2021 to 2022, employment in Prospect, KY grew at a rate of 1.55%, from 2.13k employees to 2.16k employees.

The most common job groups, by number of people living in Prospect, KY, are Management Occupations (739 people), Sales & Related Occupations (314 people), and Health Diagnosing & Treating Practitioners & Other Technical Occupations (255 people). This chart illustrates the share breakdown of the primary jobs held by residents of Prospect, KY.

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Unemployment Insurance Claims

Data is only available at the state level. Showing data for false.

This chart shows weekly unemployment insurance claims in Kentucky (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Employment by Industries

2.16k
2022 Value
± 295
1.55%
1 Year growth
± 19.6%

From 2021 to 2022, employment in Prospect, KY grew at a rate of 1.55%, from 2.13k employees to 2.16k employees.

The most common employment sectors for those who live in Prospect, KY, are Professional, Scientific, & Technical Services (422 people), Health Care & Social Assistance (347 people), and Finance & Insurance (242 people). This chart shows the share breakdown of the primary industries for residents of Prospect, KY, though some of these residents may live in Prospect, KY and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$142,404
Median earning men ± $34,717
$81,176
Median earning women ± $35,556

The industries with the best median earnings for men in 2022 are Arts, Entertainment, & Recreation, & Accommodations & Food Services ($250,001), Wholesale Trade ($208,281), and Educational Services, & Health Care & Social Assistance ($198,229).

The industries with the best median earnings for women in 2022 are Finance & Insurance, & Real Estate & Rental & Leasing ($117,083), Arts, Entertainment, & Recreation, & Accommodations & Food Services ($115,313), and Retail Trade ($113,077).

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Employment by Industry Sector

Data is only available at the state level. Showing data for Kentucky.
Y-Axis
2.51%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 1.98M people employed in Kentucky. This represents a 2.51% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 14.4%.

The following chart shows monthly employment numbers for each industry sector in Kentucky.

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Civics

In the 2020 presidential election, the popular vote in Kentucky went to Donald J. Trump with 62.1% of the vote. The runner-up was Joseph R Biden Jr. (36.2%), followed by Jo Jorgensen (1.23%).

Mitch McConnell and Rand Paul are the senators currently representing the state of Kentucky. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Kentucky is currently represented by 6 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

US Senators from Kentucky

Senatorial voting results are only available at the state level. Showing data for Kentucky.
Mitch McConnell
Senator from Kentucky2
Assumed office on January 3, 1985
Rand Paul
Senator from Kentucky3
Assumed office on January 3, 2011

Mitch McConnell and Rand Paul are the senators currently representing Kentucky.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Kentucky over time, excluding special elections, colored by their political party.

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US Representatives from Kentucky

Kentucky is currently represented by 6 members in the U.S. house.

Members of the House of Representives are elected to 2-year terms, and the following chart shows the how the members for Kentucky have changed over time starting in 2008.

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Education

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

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Educational Pyramid

Data is only available at the state level. Showing data for Kentucky.
Measure

In 2022, 0.821% of men over 25 years of age had not completed any academic degree (no schooling), while 0.756% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

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Educational Attainment

Data is only available at the state level. Showing data for Kentucky.
Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (1.17M), Some college (766k), and Secondary Education (551k).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

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Housing & Living

The median property value in Prospect, KY was $470,400 in 2022, which is 1.67 times larger than the national average of $281,900. Between 2021 and 2022 the median property value increased from $426,300 to $470,400, a 10.3% increase. The homeownership rate in Prospect, KY is 94.9%, which is approximately the same as the national average of 64.8%.

People in Prospect, KY have an average commute time of 23.2 minutes, and they drove alone to work. Car ownership in Prospect, KY is approximately the same as the national average, with an average of 2 cars per household.

Median household income in Prospect, KY is $173,528. In 2022, the place with the highest median household income in Prospect, KY was Census Tract 307.01 with a value of $180,208, followed by Census Tract 103.13 and Census Tract 103.12, with respective values of $157,786 and $150,761.

Property

$470,400
Median Property Value 2022
±$27,265
$1,874
Median Property Taxes
±$254

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Prospect, KY the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Prospect, KY compared to it's parent and neighbor geographies.

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Rent vs Own

94.9%
Homeownership
2022
67.4%
Homeowners with Mortgage
2022

In 2022, 94.9% of the housing units in Prospect, KY were occupied by their owner. This percentage grew from the previous year's rate of 94.2%.

This chart shows the percentage of owner in Prospect, KY compared it's parent and neighboring geographies.

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Income by Location

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Race/Ethnicity
Highest Median Household Income (Total)
  1. Census Tract 307.01
  2. Census Tract 103.13
  3. Census Tract 103.12

In 2022, the place with the highest Median Household Income (Total) in Prospect, KY was Census Tract 307.01 with a value of $180,208, followed by Census Tract 103.13 and Census Tract 103.12, with respective values of $157,786 and $150,761.

The following map shows all of the places in Prospect, KY colored by their Median Household Income (Total).

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Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$173,528
Median Household Income
± $27,187
1.98k
Number of Households
± 255

In 2022, the median household income of the 1.98k households in Prospect, KY grew to $173,528 from the previous year's value of $160,960.

The following chart displays the households in Prospect, KY distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

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Wage Distribution

The closest comparable wage GINI for Prospect, KY is from Kentucky.
0.452
2022 Wage GINI in Kentucky
0.453
2021 Wage GINI in Kentucky

In 2022, the income inequality in Kentucky was 0.452 according to the GINI calculation of the wage distribution. Income inequality had a 0.286% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for Kentucky was lower than than the national average of 0.478. In other words, wages are distributed more evenly in Kentucky in comparison to the national average.

This chart shows the number of workers in Kentucky across various wage buckets compared to the national average.

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Commuter Transportation

Most Common Commute in 2022
  1. Drove Alone (76.8%)
  2. Worked At Home (16.2%)
  3. Carpooled (6.63%)

In 2022, 76.8% of workers in Prospect, KY drove alone to work, followed by those who worked at home (16.2%) and those who carpooled to work (6.63%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Commute Time

23.2 minutes
Average Travel Time

Using averages, employees in Prospect, KY have a shorter commute time (23.2 minutes) than the normal US worker (26.7 minutes). Additionally, 0.745% of the workforce in Prospect, KY have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Prospect, KY compares to that of it's neighboring and parent geographies.

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Car Ownership

2 cars
Average Number

The following chart displays the households in Prospect, KY distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Prospect, KY have 2 cars.

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Poverty & Diversity

1.47% of the population for whom poverty status is determined in Prospect, KY (68 out of 4.62k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 45 - 54, followed by Females 65 - 74 and then Females 75+.

The most common racial or ethnic group living below the poverty line in Prospect, KY is White, followed by Two Or More and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Health

98.3% of the population of Prospect, KY has health coverage, with 53.8% on employee plans, 2.1% on Medicaid, 31.4% on Medicare, 11% on non-group plans, and 0% on military or VA plans.

Primary care physicians in Jefferson County, KY see 1065 patients per year on average, which represents a 0.653% decrease from the previous year (1072 patients). Compare this to dentists who see 946 patients per year, and mental health providers who see 292 patients per year.

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Jefferson County, KY.
1,065 to 1
Patient to Primary Care Physician Ratio in Jefferson County, KY

Primary care physicians in Jefferson County, KY see an average of 1,065 patients per year. This represents a 0.653% decrease from the previous year (1,072 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Jefferson County, KY in comparison to its neighboring geographies.

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Health Care Diversity

In 2022, insured persons according to age ranges were distributed in 16.6% under 18 years, 7.31% between 18 and 34 years, 40.8% between 35 and 64 years, and 35.3% over 64 years.

By gender, of the total number of insured persons, 48.1% were men and 51.9% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

1.71%
Uninsured
53.8%
Employer Coverage
2.1%
Medicaid
31.4%
Medicare
11%
Non-Group
0%
Military or VA

Between 2021 and 2022, the percent of uninsured citizens in Prospect, KY declined by 15.4% from 2.02% to 1.71%.

The following chart shows how the percent of uninsured individuals in Prospect, KY changed over time compared with the percent of individuals enrolled in various types of health insurance.

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