Prospect, KY

Census Place

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2024 Population
4,542
US Senator
Mitch McConnell
Republican Party
US Senator
Rand Paul
Republican Party
2024 Median Age
54.5
1.27% 1-year decrease
2024 Poverty Rate
2.43%
8.53% 1-year increase
2024 Median Household Income
$163,462
5.16% 1-year decline
2024 Median Property Value
$538,400
8.99% 1-year growth
2024 Employed Population
2,129
2.7% 1-year growth

About

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.

97.9% of the residents in Prospect, KY are U.S. citizens.

In 2024, the median property value in Prospect, KY was $538,400, and the homeownership rate was 93.3%.

Most people in Prospect, KY drove alone to work, and the average commute time was 22.4 minutes. The average car ownership in Prospect, KY was 2 cars per household.

United StatesKentuckyJefferson County, KYOldham County, KYLouisville/Jefferson County, KY-INKIPDA Area Development District (Central)--Louisville/Jefferson Co (Northeast) PUMA, KYKIPDA Area Development District (Northeast) PUMA, KY

Population & Diversity

Prospect, KY is home to a population of 4.54k people, from which 97.9% are citizens. As of 2024, 6.03% of Prospect, KY residents were born outside of the country (274 people).

In 2024, there were 20 times more White (Non-Hispanic) residents (4.06k people) in Prospect, KY than any other race or ethnicity. There were 203 Black or African American (Non-Hispanic) and 189 Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

97.9%
2024 Citizenship
98.2%
2023 Citizenship

As of 2024, 97.9% of Prospect, KY residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Prospect, KY was 98.2%, 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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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Prospect, KY
  1. White (Non-Hispanic)
    4.06k ± 193
  2. Black or African American (Non-Hispanic)
    203 ± 132
  3. Asian (Non-Hispanic)
    189 ± 113
0.418%
Hispanic Population
19 people

In 2024, there were 20 times more White (Non-Hispanic) residents (4.06k people) in Prospect, KY than any other race or ethnicity. There were 203 Black or African American (Non-Hispanic) and 189 Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

0.418% of the people in Prospect, KY are hispanic (19 people).

The following chart shows the 8 races represented in Prospect, KY as a share of the total population.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Kentucky.
Most Common Origin
  1. Mexico
    34,091 ± 4,516 people
  2. Cuba
    20,475 ± 3,505 people
  3. India
    12,629 ± 2,755 people

In 2023, the most common birthplace for the foreign-born residents of Kentucky was Mexico, the natal country of 34,091 Kentucky residents, followed by Cuba with 20,475 and India with 12,629.

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Foreign-Born Population

6.03%
2024 Foreign-Born Population
274 people
4.91%
2023 Foreign-Born Population
222 people

As of 2024, 6.03% of Prospect, KY residents (274 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Prospect, KY was 4.91%, 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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Military

Veterans

Most Common Service Period
  1. Vietnam
    98 ± 53
  2. Gulf War (1990s)
    31 ± 37
  3. Korea
    17 ± 21

Prospect, KY has a large population of military personnel who served in Vietnam, 3.16 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Prospect, KY.

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Economy

The economy of Prospect, KY employs 2.13k people. In 2024, the largest industries in Prospect, KY were Professional, Scientific, & Technical Services (404 people), Health Care & Social Assistance (336 people), and Finance & Insurance (237 people), and the highest paying industries were Public Administration ($202,788), Real Estate & Rental & Leasing ($172,875), and Administrative & Support & Waste Management Services ($121,944).

Employment

Occupations

2.13k
2024 Value
± 304
2.7%
1 Year growth
± 19.6%

From 2023 to 2024, employment in Prospect, KY grew at a rate of 2.7%, from 2.07k employees to 2.13k employees.

The most common job groups, by number of people living in Prospect, KY, are Management Occupations (548 people), Sales & Related Occupations (326 people), and Health Diagnosing & Treating Practitioners & Other Technical Occupations (293 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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Industries

Employment by Industries

2.13k
2024 Value
± 304
2.7%
1 Year growth
± 19.6%

From 2023 to 2024, employment in Prospect, KY grew at a rate of 2.7%, from 2.07k employees to 2.13k employees.

The most common employment sectors for those who live in Prospect, KY, are Professional, Scientific, & Technical Services (404 people), Health Care & Social Assistance (336 people), and Finance & Insurance (237 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

$136,750
Median earning men ± $40,272
$76,806
Median earning women ± $38,686

The industries with the best median earnings for men in 2024 are Educational Services, & Health Care & Social Assistance ($207,969), Manufacturing ($200,444), and Finance & Insurance, & Real Estate & Rental & Leasing ($164,125).

The industries with the best median earnings for women in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($111,563), Finance & Insurance, & Real Estate & Rental & Leasing ($95,903), and Arts, Entertainment, & Recreation, & Accommodations & Food Services ($62,708).

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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 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

Voting results are not available for Prospect, KY. Showing the available data for Kentucky.
2024 Election Results
  1. Donald J. Trump (64.5%)
    Republican Party
  2. Kamala Harris (33.9%)
    Democratic Party
  3. 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.

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Senator Elections

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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Housing & Living

The median property value in Prospect, KY was $538,400 in 2024, which is 1.62 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $494,000 to $538,400, a 8.99% increase. The homeownership rate in Prospect, KY is 93.3%, which is higher than the national average of 65.2%.

People in Prospect, KY have an average commute time of 22.4 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.

Housing

Property

$538,400
Median Property Value 2024
±$56,822
$1,826
Median Property Taxes
±$242

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

93.3%
Homeownership
2024
70%
Homeowners with Mortgage
2024

In 2024, 93.3% of the housing units in Prospect, KY were occupied by their owner. This percentage grew from the previous year's rate of 92%.

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

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$163,462
Median Household Income
± $27,438
1.96k
Number of Households
± 248

In 2024, the median household income of the 1.96k households in Prospect, KY declined from $163,462 from the previous year's value of $172,361.

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.
0.449
2023 Wage GINI in Kentucky
0.452
2022 Wage GINI in Kentucky

In 2023, the income inequality in Kentucky was 0.449 according to the GINI calculation of the wage distribution. Income inequality had a 0.729% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for Kentucky was lower than than the national average of 0.476. 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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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (67.8%)
  2. Worked At Home (20%)
  3. Carpooled (12.1%)

In 2024, 67.8% of workers in Prospect, KY drove alone to work, followed by those who worked at home (20%) and those who carpooled to work (12.1%).

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

22.4 minutes
Average Travel Time

Using averages, employees in Prospect, KY have a shorter commute time (22.4 minutes) than the normal US worker (26.4 minutes). Additionally, 0.979% 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

Poverty & Diversity

2.43% of the population for whom poverty status is determined in Prospect, KY (110 out of 4.53k 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 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.

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Health

98.6% of the population of Prospect, KY has health coverage, with 57.9% on employee plans, 4.49% on Medicaid, 25.3% on Medicare, 10.8% on non-group plans, and 0.176% on military or VA plans.

Primary care physicians in Kentucky see 1,601 patients per year on average, which represents a 0% change from the previous year (1,601 patients). Compare this to dentists who see 1502 patients per year, and mental health providers who see 320 patients per year.

By gender, of the total number of insured persons, 47.6% were men and 52.4% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 19.5% under 18 years, 6.87% between 18 and 34 years, 43.2% between 35 and 64 years, and 30.5% over 64 years.

By gender, of the total number of insured persons, 47.6% were men and 52.4% were women.

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

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Uninsured People

1.39%
Uninsured
57.9%
Employer Coverage
4.49%
Medicaid
25.3%
Medicare
10.8%
Non-Group
0.176%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Prospect, KY grew by 8.05% from 1.28% to 1.39%.

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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