Prospect, KY

Census Place

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2020 Population
4,961
1.33% 1-year growth
US Senator
Mitch McConnell
Republican Party
US Senator
Rand Paul
Republican Party
2020 Median Age
54.9
0.182% 1-year increase
2020 Poverty Rate
0.423%
49.5% 1-year decrease
2020 Median Household Income
$152,973
5.13% 1-year growth
2020 Median Property Value
$391,600
0.85% 1-year growth

About

In 2020, Prospect, KY had a population of 4.96k people with a median age of 54.9 and a median household income of $152,973. Between 2019 and 2020 the population of Prospect, KY grew from 4,896 to 4,961, a 1.33% increase and its median household income grew from $145,511 to $152,973, a 5.13% increase.

The 5 largest ethnic groups in Prospect, KY are White (Non-Hispanic) (87.4%), Asian (Non-Hispanic) (7.88%), Black or African American (Non-Hispanic) (2.86%), White (Hispanic) (1.45%), and Other (Non-Hispanic) (0.403%).

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.

96.1% of the residents in Prospect, KY are U.S. citizens.

In 2020, the median property value in Prospect, KY was $391,600, and the homeownership rate was 95.1%.

Most people in Prospect, KY drove alone to work, and the average commute time was 24 minutes. The average car ownership in Prospect, KY was 2 cars per household.

geosearchPopulation & Diversity

Prospect, KY is home to a population of 4.96k people, from which 96.1% are citizens. As of 2020, 10.5% of Prospect, KY residents were born outside of the country (520 people).

In 2020, there were 11.1 times more White (Non-Hispanic) residents (4.34k people) in Prospect, KY than any other race or ethnicity. There were 391 Asian (Non-Hispanic) and 142 Black or African American (Non-Hispanic) residents, the second and third most common ethnic groups.

Citizenship

96.1%
2020 Citizenship
98.3%
2019 Citizenship

As of 2020, 96.1% of Prospect, KY residents were US citizens, which is higher than the national average of 93.4%. In 2019, the percentage of US citizens in Prospect, KY was 98.3%, meaning that the rate of citizenship has been decreasing.

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)
    4.34k ± 280
  2. Asian (Non-Hispanic)
    391 ± 224
  3. Black or African American (Non-Hispanic)
    142 ± 98
1.45%
Hispanic Population
72 people

In 2020, there were 11.1 times more White (Non-Hispanic) residents (4.34k people) in Prospect, KY than any other race or ethnicity. There were 391 Asian (Non-Hispanic) and 142 Black or African American (Non-Hispanic) residents, the second and third most common ethnic groups.

1.45% of the people in Prospect, KY are hispanic (72 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

10.5%
2020 Foreign-Born Population
520 people
7.39%
2019 Foreign-Born Population
362 people

As of 2020, 10.5% of Prospect, KY residents (520 people) were born outside of the United States, which is lower than the national average of 13.5%. In 2019, the percentage of foreign-born citizens in Prospect, KY was 7.39%, meaning that the rate has been increasing.

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
    131 ± 60
  2. Gulf War (2001-)
    37 ± 42
  3. World War II
    27 ± 41

Prospect, KY has a large population of military personnel who served in Vietnam, 3.54 times greater than any other conflict.

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briefcaseEconomy

The economy of Prospect, KY employs 2.47k people. The largest industries in Prospect, KY are Health Care & Social Assistance (502 people), Professional, Scientific, & Technical Services (460 people), and Manufacturing (263 people), and the highest paying industries are Wholesale Trade ($166,250), Professional, Scientific, & Technical Services ($120,357), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($116,563).

Occupations

2.47k
2020 Value
± 334
1.56%
1 Year growth
± 17.7%

From 2019 to 2020, employment in Prospect, KY grew at a rate of 1.56%, from 2.43k employees to 2.47k employees.

The most common job groups, by number of people living in Prospect, KY, are Management Occupations (678 people), Sales & Related Occupations (387 people), and Health Diagnosing & Treating Practitioners & Other Technical Occupations (340 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 Kentucky.

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

2.47k
2020 Value
± 334
1.56%
1 Year growth
± 17.7%

From 2019 to 2020, employment in Prospect, KY grew at a rate of 1.56%, from 2.43k employees to 2.47k employees.

The most common employment sectors for those who live in Prospect, KY, are Health Care & Social Assistance (502 people), Professional, Scientific, & Technical Services (460 people), and Manufacturing (263 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

$118,750
Median earning men ± $25,423
$60,556
Median earning women ± $19,668

The industries with the best median earnings for men in 2020 are Arts, Entertainment, & Recreation, & Accommodations & Food Services ($250,001), Educational Services, & Health Care & Social Assistance ($214,514), and Wholesale Trade ($183,333).

The industries with the best median earnings for women in 2020 are Finance & Insurance, & Real Estate & Rental & Leasing ($138,462), Professional, Scientific, & Management, & Administrative & Waste Management Services ($110,380), and Arts, Entertainment, & Recreation, & Accommodations & Food Services ($95,694).

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Employment by Industry Sector

Data is only available at the state level. Showing data for Kentucky.
Y-Axis
8.45%
Year-over-year growth
Employment change between May 2020 and May 2021

As of May 2021, there are 145M people employed in Kentucky. This represents a 8.45% increase in employment when compared to May 2020.

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

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Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from Kentucky to other states, or from other states to Kentucky.
Top Domestic Production in Dollars
  1. $57B
  2. $34.7B
  3. $31.1B

In 2020, the top outbound Kentucky product (by dollars) was Motorized vehicles with $57B, followed by Electronics ($34.7B) and Machinery ($31.1B).

The following chart shows the share of these products in relation to all outbound Kentucky products.

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Domestic Trade Growth

Showing data for Kentucky.
$326B
2020 Value in Kentucky
$644B
Projected 2050 Value in Kentucky
97.4% growth

In 2020, total outbound Kentucky trade was $326B. This is expected to increase 97.4% to $644B by 2050.

The following chart shows how the domestic outbound Kentucky trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from Kentucky to other states, or from other states to Kentucky.
Most Common Trade Partners
  1. $24.4B
  2. $18.8B
  3. $17.9B

In 2020, the top outbound Kentucky domestic partner for goods and services (by dollars) was Tennessee with $24.4B, followed by Ohio with $18.8B and California and $17.9B.

The following map shows the amount of trade that Kentucky shares with each state (excluding itself).

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flagCivics

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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learningEducation

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 2020, 0.764% of men over 25 years of age had not completed any academic degree (no schooling), while 0.662% 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 2020 were High School or Equivalent (1.15M), Some college (792k), and Secondary Education (572k).

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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homeHousing & Living

The median property value in Prospect, KY was $391,600 in 2020, which is 1.7 times larger than the national average of $229,800. Between 2019 and 2020 the median property value increased from $388,300 to $391,600, a 0.85% increase. The homeownership rate in Prospect, KY is 95.1%, which is approximately the same as the national average of 64.4%.

People in Prospect, KY have an average commute time of 24 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 $152,973. In 2020, the place with the highest median household income in Prospect, KY was Census Tract 307.01 with a value of $162,396, followed by Census Tract 103.12 and Census Tract 103.13, with respective values of $136,359 and $123,375.

Property

$391,600
Median Property Value 2020
±$19,385
$1,939
Median Property Taxes
±$260

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

95.1%
Homeownership
2020
65.1%
Homeowners with Mortgage
2020

In 2020, 95.1% of the housing units in Prospect, KY were occupied by their owner. This percentage declined from the previous year's rate of 95.3%.

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

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Income by Location

Use the dropdown to filter by race/ethnicity.
Race/Ethnicity
Highest Median Household Income (Total)
  1. Census Tract 307.01
  2. Census Tract 103.12
  3. Census Tract 103.13

In 2020, the place with the highest Median Household Income (Total) in Prospect, KY was Census Tract 307.01 with a value of $162,396, followed by Census Tract 103.12 and Census Tract 103.13, with respective values of $136,359 and $123,375.

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.
$152,973
Median Household Income
± $19,666
2.04k
Number of Households
± 258

In 2020, the median household income of the 2.04k households in Prospect, KY grew to $152,973 from the previous year's value of $145,511.

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.
0.454
2020 Wage GINI in Kentucky
0.456
2019 Wage GINI in Kentucky

In 2020, the income inequality in Kentucky was 0.454 according to the GINI calculation of the wage distribution. Income inequality had a 0.305% decline from 2019 to 2020, 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 2020
  1. Drove Alone (83.1%)
  2. Worked At Home (9.72%)
  3. Carpooled (4.19%)

In 2020, 83.1% of workers in Prospect, KY drove alone to work, followed by those who worked at home (9.72%) and those who carpooled to work (4.19%).

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

24 minutes
Average Travel Time

Using averages, employees in Prospect, KY have a shorter commute time (24 minutes) than the normal US worker (26.9 minutes). Additionally, 1.06% 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

0.423% of the population for whom poverty status is determined in Prospect, KY (21 out of 4.96k people) live below the poverty line, a number that is lower than the national average of 12.8%. The largest demographic living in poverty are Females 75+, followed by Males 75+ and then Females 45 - 54.

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

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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pulseHealth

98% of the population of Prospect, KY has health coverage, with 58.8% on employee plans, 1.47% on Medicaid, 22.7% on Medicare, 15% on non-group plans, and 0% on military or VA plans.

Per capita personal health care spending in Kentucky was $8,004 in 2014. This is a 6.11% increase from the previous year ($7,543).

Primary care physicians in Jefferson County, KY see 1072 patients per year on average, which represents a 1.32% increase from the previous year (1058 patients). Compare this to dentists who see 913 patients per year, and mental health providers who see 310 patients per year.

Daily New Cases by Date

Showing data at the state level for Kentucky. Hospitalization data for some states may be delayed or not reported.
Y-Axis

This chart shows the number of COVID-19 daily new cases by date in Kentucky, as a 7-day rolling average, compared with the four states with the most similar number of confirmed cases.

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Patient to Clinician Ratios

Data is only available at the country level. Showing data for Jefferson County, KY.
1,072 to 1
Patient to Primary Care Physician Ratio in Jefferson County, KY

Primary care physicians in Jefferson County, KY see an average of 1,072 patients per year. This represents a 1.32% increase from the previous year (1,058 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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Community Mobility

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

This chart presents movement trends over time in the state of Kentucky across different categories of places such as retail and recreation, groceries and pharmacies, parks, transit stations, workplaces, and residential.

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Health Care Diversity

In 2020, insured persons according to age ranges were distributed in 18.2% under 18 years, 7.88% between 18 and 34 years, 44.2% between 35 and 64 years, and 29.8% over 64 years.

By gender, of the total number of insured persons, 47.4% were men and 52.6% were women.

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

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Uninsured People

2.04%
Uninsured
58.8%
Employer Coverage
1.47%
Medicaid
22.7%
Medicare
15%
Non-Group
0%
Military or VA

Between 2019 and 2020, the percent of uninsured citizens in Prospect, KY grew by 78% from 1.14% to 2.04%.

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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