Prospect, KY

Census Place

Add Comparison

2023 Population

4,518

2.29% 1-year decline

US Senator

Mitch McConnell

Republican Party

US Senator

Rand Paul

Republican Party

2023 Median Age

55.2

1.78% 1-year decrease

2023 Poverty Rate

2.24%

52% 1-year increase

2023 Median Household Income

$172,361

0.673% 1-year decline

2023 Median Property Value

$494,000

5.02% 1-year growth

2023 Employed Population

2,073

3.98% 1-year decline

About

In 2023, Prospect, KY had a population of 4.52k people with a median age of 55.2 and a median household income of $172,361. Between 2022 and 2023 the population of Prospect, KY declined from 4,624 to 4,518, a −2.29% decrease and its median household income declined from $173,528 to $172,361, a −0.673% decrease.

The 5 largest ethnic groups in Prospect, KY are White (Non-Hispanic) (88.8%), Black or African American (Non-Hispanic) (4.98%), Asian (Non-Hispanic) (4.63%), Two+ (Non-Hispanic) (1.24%), and Two+ (Hispanic) (0.398%).

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.

98.2% of the residents in Prospect, KY are U.S. citizens.

In 2023, the median property value in Prospect, KY was $494,000, and the homeownership rate was 92%.

Most people in Prospect, KY drove alone to work, and the average commute time was 22.1 minutes. The average car ownership in Prospect, KY was 2 cars per household.

United States Kentucky Jefferson County, KY Oldham County, KY Louisville/Jefferson County, KY-IN KIPDA Area Development District (Central)--Louisville/Jefferson Co (Northeast) PUMA, KY KIPDA Area Development District (Northeast) PUMA, KY

Population & Diversity

Prospect, KY is home to a population of 4.52k people, from which 98.2% are citizens. As of 2023, 4.91% of Prospect, KY residents were born outside of the country (222 people).

In 2023, there were 17.8 times more White (Non-Hispanic) residents (4.01k people) in Prospect, KY than any other race or ethnicity. There were 225 Black or African American (Non-Hispanic) and 209 Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

98.2%

2023 Citizenship

97.7%

2022 Citizenship

As of 2023, 98.2% of Prospect, KY residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Prospect, KY was 97.7%, 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.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Prospect, KY

White (Non-Hispanic)
4.01k ± 197
Black or African American (Non-Hispanic)
225 ± 143
Asian (Non-Hispanic)
209 ± 145

0.398%

Hispanic Population

18 people

0.398% of the people in Prospect, KY are hispanic (18 people).

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

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Kentucky.

Most Common Origin

Mexico
28,651 ± 4,142 people
Cuba
14,970 ± 2,999 people
India
12,312 ± 2,720 people

In 2022, the most common birthplace for the foreign-born residents of Kentucky was Mexico, the natal country of 28,651 Kentucky residents, followed by Cuba with 14,970 and India with 12,312.

Foreign-Born Population

4.91%

2023 Foreign-Born Population

222 people

7.48%

2022 Foreign-Born Population

346 people

As of 2023, 4.91% of Prospect, KY residents (222 people) were born outside of the United States, which is lower than the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Prospect, KY was 7.48%, 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.

Military

Veterans

Most Common Service Period

Vietnam
127 ± 64
World War II
25 ± 38
Gulf War (2001-)
16 ± 26

Prospect, KY has a large population of military personnel who served in Vietnam, 5.08 times greater than any other conflict.

Economy

The economy of Prospect, KY employs 2.07k people. The largest industries in Prospect, KY are Professional, Scientific, & Technical Services (370 people), Health Care & Social Assistance (312 people), and Finance & Insurance (260 people), and the highest paying industries are Wholesale Trade ($176,023), Finance & Insurance ($160,750), and Finance & Insurance, & Real Estate & Rental & Leasing ($160,656).

Males in Kentucky have an average income that is 1.32 times higher than the average income of females, which is $52,220. The income inequality in Kentucky (measured using the Gini index) is 0.452, which is lower than than the national average.

Employment

Occupations

2.07k

2023 Value

± 295

−3.98%

1 Year decline

± 20.5%

From 2022 to 2023, employment in Prospect, KY declined at a rate of −3.98%, from 2.16k employees to 2.07k employees.

The most common job groups, by number of people living in Prospect, KY, are Management Occupations (590 people), Sales & Related Occupations (370 people), and Health Diagnosing & Treating Practitioners & Other Technical Occupations (254 people). This chart illustrates the share breakdown of the primary jobs held by residents of Prospect, KY.

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.

View Full Dashboard

Industries

Employment by Industries

2.07k

2023 Value

± 295

−3.98%

1 Year decline

± 20.5%

From 2022 to 2023, employment in Prospect, KY declined at a rate of −3.98%, from 2.16k employees to 2.07k employees.

The most common employment sectors for those who live in Prospect, KY, are Professional, Scientific, & Technical Services (370 people), Health Care & Social Assistance (312 people), and Finance & Insurance (260 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.

Median Earnings by Industry

$160,000

Median earning men ± $48,476

$83,047

Median earning women ± $41,246

The industries with the best median earnings for men in 2023 are Educational Services, & Health Care & Social Assistance ($196,713), Wholesale Trade ($176,364), and Manufacturing ($172,188).

The industries with the best median earnings for women in 2023 are Arts, Entertainment, & Recreation, & Accommodations & Food Services ($121,250), Professional, Scientific, & Management, & Administrative & Waste Management Services ($110,284), and Finance & Insurance, & Real Estate & Rental & Leasing ($94,091).

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.

Civics

In the 2024 presidential election, the popular vote in Kentucky went to Donald J. Trump with 64.5% of the vote. The runner-up was Kamala Harris (33.9%), followed by Robert Kennedy (0.808%).

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.

Presidential Elections

Presidential Popular Vote Over Time

Voting results are not available for Prospect, KY. Showing the available data for Kentucky.

2024 Election Results

Donald J. Trump (64.5%)
Republican Party
Kamala Harris (33.9%)
Democratic Party
Robert Kennedy (0.808%)
Independent Party

In the 2024 presidential election, the popular vote in Kentucky went to Donald J. Trump with 64.5% of the vote. The runner-up was Kamala Harris (33.9%), followed by Robert Kennedy (0.808%).

The following chart shows the popular vote results in Kentucky for each registered party from 1976 to 2024.

Senator Elections

US Senators from Kentucky

Senatorial voting results are only available at the state level. Showing data for Kentucky.

Mitch McConnell

Senator from Kentucky

Assumed office on January 3, 1985

Rand Paul

Senator from Kentucky

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.

US Representative Elections

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.

Education

Completions

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.

Working Population

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.

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.

Housing & Living

The median property value in Prospect, KY was $494,000 in 2023, which is 1.63 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $470,400 to $494,000, a 5.02% increase. The homeownership rate in Prospect, KY is 92%, which is approximately the same as the national average of 65%.

People in Prospect, KY have an average commute time of 22.1 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 $172,361. In 2023, the place with the highest median household income in Prospect, KY was Census Tract 307.01 with a value of $182,813, followed by Census Tract 103.13 and Census Tract 103.12, with respective values of $143,036 and $141,500.

Housing

Property

$494,000

Median Property Value 2023

±$32,630

$1,800

Median Property Taxes

±$241

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.

Rent vs Own

92%

Homeownership

2023

70%

Homeowners with Mortgage

2023

In 2023, 92% of the housing units in Prospect, KY were occupied by their owner. This percentage declined from the previous year's rate of 94.9%.

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

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

Highest Median Household Income (Total)

Census Tract 307.01
Census Tract 103.13
Census Tract 103.12

In 2023, the place with the highest Median Household Income (Total) in Prospect, KY was Census Tract 307.01 with a value of $182,813, followed by Census Tract 103.13 and Census Tract 103.12, with respective values of $143,036 and $141,500.

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

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$172,361

Median Household Income

± $39,926

1.96k

Number of Households

± 265

In 2023, the median household income of the 1.96k households in Prospect, KY declined from $172,361 from the previous year's value of $173,528.

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.

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.

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (68.4%)
Worked At Home (19.3%)
Carpooled (11.7%)

In 2023, 68.4% of workers in Prospect, KY drove alone to work, followed by those who worked at home (19.3%) and those who carpooled to work (11.7%).

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.

Commute Time

22.1 minutes

Average Travel Time

Using averages, employees in Prospect, KY have a shorter commute time (22.1 minutes) than the normal US worker (26.6 minutes). Additionally, 0.739% 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.

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.

Poverty

Poverty & Diversity

2.24% of the population for whom poverty status is determined in Prospect, KY (101 out of 4.52k people) live below the poverty line, a number that is lower than the national average of 12.4%. 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 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.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

98.7% of the population of Prospect, KY has health coverage, with 56.6% on employee plans, 2.5% on Medicaid, 30.5% on Medicare, 9.16% on non-group plans, and 0% on military or VA plans.

Primary care physicians in Jefferson County, KY see 1060 patients per year on average, which represents a 0.469% decrease from the previous year (1065 patients). Compare this to dentists who see 953 patients per year, and mental health providers who see 280 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Jefferson County, KY.

1,060 to 1

Patient to Primary Care Physician Ratio in Jefferson County, KY

Primary care physicians in Jefferson County, KY see an average of 1,060 patients per year. This represents a 0.469% decrease from the previous year (1,065 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.

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 17% under 18 years, 8.21% between 18 and 34 years, 40.8% between 35 and 64 years, and 34% over 64 years.

By gender, of the total number of insured persons, 47.2% were men and 52.8% were women.

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

Uninsured People

1.28%

Uninsured

56.6%

Employer Coverage

2.5%

Medicaid

30.5%

Medicare

9.16%

Non-Group

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Prospect, KY declined by 24.9% from 1.71% to 1.28%.

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.

Keep Exploring

Louisville/Jefferson County, KY-IN