Prospect, KY

Census Place

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2021 Population
4,653
6.21% 1-year decline
US Senator
Mitch McConnell
Republican Party
US Senator
Rand Paul
Republican Party
2021 Median Age
57.5
4.74% 1-year increase
2021 Poverty Rate
1.14%
169% 1-year increase
2021 Median Household Income
$160,960
5.22% 1-year growth
2021 Median Property Value
$426,300
8.86% 1-year growth

About

In 2021, Prospect, KY had a population of 4.65k people with a median age of 57.5 and a median household income of $160,960. Between 2020 and 2021 the population of Prospect, KY declined from 4,961 to 4,653, a −6.21% decrease and its median household income grew from $152,973 to $160,960, a 5.22% increase.

The 5 largest ethnic groups in Prospect, KY are White (Non-Hispanic) (88%), Asian (Non-Hispanic) (8.21%), White (Hispanic) (1.68%), Black or African American (Non-Hispanic) (1.38%), and Two+ (Non-Hispanic) (0.365%).

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.

96.8% of the residents in Prospect, KY are U.S. citizens.

In 2021, the median property value in Prospect, KY was $426,300, and the homeownership rate was 94.2%.

Most people in Prospect, KY drove alone to work, and the average commute time was 24.6 minutes. The average car ownership in Prospect, KY was 2 cars per household.

geosearchPopulation & Diversity

Prospect, KY is home to a population of 4.65k people, from which 96.8% are citizens. As of 2021, 10.5% of Prospect, KY residents were born outside of the country (487 people).

In 2021, there were 10.7 times more White (Non-Hispanic) residents (4.1k people) in Prospect, KY than any other race or ethnicity. There were 382 Asian (Non-Hispanic) and 78 White (Hispanic) residents, the second and third most common ethnic groups.

Citizenship

96.8%
2021 Citizenship
96.1%
2020 Citizenship

As of 2021, 96.8% of Prospect, KY residents were US citizens, which is higher than the national average of 93.4%. In 2020, the percentage of US citizens in Prospect, KY was 96.1%, 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)
    4.1k ± 232
  2. Asian (Non-Hispanic)
    382 ± 202
  3. White (Hispanic)
    78 ± 97
2.04%
Hispanic Population
95 people

In 2021, there were 10.7 times more White (Non-Hispanic) residents (4.1k people) in Prospect, KY than any other race or ethnicity. There were 382 Asian (Non-Hispanic) and 78 White (Hispanic) residents, the second and third most common ethnic groups.

2.04% of the people in Prospect, KY are hispanic (95 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%
2021 Foreign-Born Population
487 people
10.5%
2020 Foreign-Born Population
520 people

As of 2021, 10.5% of Prospect, KY residents (487 people) were born outside of the United States, which is lower than the national average of 13.6%. In 2020, 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
    81 ± 54
  2. World War II
    31 ± 46
  3. Gulf War (2001-)
    22 ± 30

Prospect, KY has a large population of military personnel who served in Vietnam, 2.61 times greater than any other conflict.

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briefcaseEconomy

The economy of Prospect, KY employs 2.13k people. The largest industries in Prospect, KY are Professional, Scientific, & Technical Services (458 people), Health Care & Social Assistance (391 people), and Finance & Insurance (301 people), and the highest paying industries are Arts, Entertainment, & Recreation, & Accommodations & Food Services ($250,001), Wholesale Trade ($156,818), and Health Care & Social Assistance ($126,788).

Occupations

2.13k
2021 Value
± 308
−13.8%
1 Year decline
± 23%

From 2020 to 2021, employment in Prospect, KY declined at a rate of −13.8%, from 2.47k employees to 2.13k employees.

The most common job groups, by number of people living in Prospect, KY, are Management Occupations (648 people), Sales & Related Occupations (259 people), and Health Diagnosing & Treating Practitioners & Other Technical Occupations (258 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

2.13k
2021 Value
± 308
−13.8%
1 Year decline
± 23%

From 2020 to 2021, employment in Prospect, KY declined at a rate of −13.8%, from 2.47k employees to 2.13k employees.

The most common employment sectors for those who live in Prospect, KY, are Professional, Scientific, & Technical Services (458 people), Health Care & Social Assistance (391 people), and Finance & Insurance (301 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

$132,153
Median earning men ± $27,932
$72,721
Median earning women ± $37,402

The industries with the best median earnings for men in 2021 are Arts, Entertainment, & Recreation, & Accommodations & Food Services ($250,001), Educational Services, & Health Care & Social Assistance ($250,001), and Wholesale Trade ($190,536).

The industries with the best median earnings for women in 2021 are Finance & Insurance, & Real Estate & Rental & Leasing ($131,944), Educational Services, & Health Care & Social Assistance ($106,635), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($79,205).

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Employment by Industry Sector

Data is only available at the state level. Showing data for false.
Y-Axis
2.75%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 155M people employed in Kentucky. This represents a 2.75% increase in employment when compared to February 2022.

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. $57.5B
  2. $36.5B
  3. $28.4B

In 2020, the top outbound Kentucky product (by dollars) was Motorized vehicles with $57.5B, followed by Electronics ($36.5B) and Machinery ($28.4B).

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.
$330B
2020 Value in Kentucky
$644B
Projected 2050 Value in Kentucky
95% growth

In 2020, total outbound Kentucky trade was $330B. This is expected to increase 95% 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. $27.7B
  2. $19B
  3. $17.7B

In 2020, the top outbound Kentucky domestic partner for goods and services (by dollars) was Tennessee with $27.7B, followed by California with $19B and Ohio and $17.7B.

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

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flagCivics

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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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 2021, 0.789% of men over 25 years of age had not completed any academic degree (no schooling), while 0.712% 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 2021 were High School or Equivalent (1.17M), Some college (777k), and Secondary Education (561k).

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 $426,300 in 2021, which is 1.74 times larger than the national average of $244,900. Between 2020 and 2021 the median property value increased from $391,600 to $426,300, a 8.86% increase. The homeownership rate in Prospect, KY is 94.2%, which is approximately the same as the national average of 64.6%.

People in Prospect, KY have an average commute time of 24.6 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 $160,960. In 2021, the place with the highest median household income in Prospect, KY was Census Tract 307.01 with a value of $169,934, followed by Census Tract 103.13 and Census Tract 103.12, with respective values of $147,276 and $141,500.

Property

$426,300
Median Property Value 2021
±$48,842
$1,845
Median Property Taxes
±$231

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

94.2%
Homeownership
2021
65.8%
Homeowners with Mortgage
2021

In 2021, 94.2% of the housing units in Prospect, KY were occupied by their owner. This percentage declined from the previous year's rate of 95.1%.

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 103.13
  3. Census Tract 103.12

In 2021, the place with the highest Median Household Income (Total) in Prospect, KY was Census Tract 307.01 with a value of $169,934, followed by Census Tract 103.13 and Census Tract 103.12, with respective values of $147,276 and $141,500.

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.
$160,960
Median Household Income
± $17,459
1.96k
Number of Households
± 260

In 2021, the median household income of the 1.96k households in Prospect, KY grew to $160,960 from the previous year's value of $152,973.

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.
0.453
2021 Wage GINI in Kentucky
0.454
2020 Wage GINI in Kentucky

In 2021, the income inequality in Kentucky was 0.453 according to the GINI calculation of the wage distribution. Income inequality had a 0.236% decline from 2020 to 2021, 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 2021
  1. Drove Alone (81.3%)
  2. Worked At Home (14.5%)
  3. Carpooled (3.1%)

In 2021, 81.3% of workers in Prospect, KY drove alone to work, followed by those who worked at home (14.5%) and those who carpooled to work (3.1%).

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

24.6 minutes
Average Travel Time

Using averages, employees in Prospect, KY have a shorter commute time (24.6 minutes) than the normal US worker (26.8 minutes). Additionally, 1.89% 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

1.14% of the population for whom poverty status is determined in Prospect, KY (53 out of 4.65k people) live below the poverty line, a number that is lower than the national average of 12.6%. The largest demographic living in poverty are Females 45 - 54, followed by Females 55 - 64 and then Males 18 - 24.

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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pulseHealth

98% of the population of Prospect, KY has health coverage, with 51.8% on employee plans, 2.41% on Medicaid, 29.4% on Medicare, 14.4% 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 2021, insured persons according to age ranges were distributed in 16.5% under 18 years, 7.91% between 18 and 34 years, 38.7% between 35 and 64 years, and 36.8% 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

2.02%
Uninsured
51.8%
Employer Coverage
2.41%
Medicaid
29.4%
Medicare
14.4%
Non-Group
0%
Military or VA

Between 2020 and 2021, the percent of uninsured citizens in Prospect, KY declined by 0.77% from 2.04% to 2.02%.

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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