Prospect Park, NJ

Census Place

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2023 Population

6,286

0.206% 1-year decline

US Senator

Cory Booker

Democratic Party

US Senator

Andy Kim

Democratic Party

2023 Median Property Value

$391,500

7.17% 1-year growth

2023 Employed Population

2,819

2.02% 1-year decline

About

In 2023, Prospect Park, NJ had a population of 6.29k people with a median age of N/A and a median household income of N/A. Between 2022 and 2023 the population of Prospect Park, NJ declined from 6,299 to 6,286, a −0.206% decrease and its median household income N/A from N/A to N/A, a N/A% N/A.

N/A

None of the households in Prospect Park, NJ 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.

In 2023, the median property value in Prospect Park, NJ was $391,500, and the homeownership rate was 40.1%.

United States New Jersey Passaic County, NJ New York-Newark-Jersey City, NY-NJ-PA Passaic County (Central)--Hawthorne PUMA, NJ Passaic County--Paterson PUMA, NJ

Economy

The economy of Prospect Park, NJ employs 2.82k people. The largest industries in Prospect Park, NJ are , and the highest paying industries are .

Employment

Occupations

2.82k

2023 Value

± 420

−2.02%

1 Year decline

± 21.2%

From 2022 to 2023, employment in Prospect Park, NJ declined at a rate of −2.02%, from 2.88k employees to 2.82k employees.

The most common job groups, by number of people living in Prospect Park, NJ, are . This chart illustrates the share breakdown of the primary jobs held by residents of Prospect Park, NJ.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in New Jersey (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

2.82k

2023 Value

± 420

−2.02%

1 Year decline

± 21.2%

From 2022 to 2023, employment in Prospect Park, NJ declined at a rate of −2.02%, from 2.88k employees to 2.82k employees.

The most common employment sectors for those who live in Prospect Park, NJ, are . This chart shows the share breakdown of the primary industries for residents of Prospect Park, NJ, though some of these residents may live in Prospect Park, NJ and work somewhere else. Census data is tagged to a residential address, not a work address.

Employment by Industry Sector

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

Y-Axis

2.27%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 4.24M people employed in New Jersey. This represents a 2.27% 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 16.5%.

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

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 New Jersey.

Measure

In 2022, 1.15% of men over 25 years of age had not completed any academic degree (no schooling), while 1.13% 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 New Jersey.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (1.92M), Bachelors Degree (1.77M), and Some college (1.3M).

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 Park, NJ was $391,500 in 2023, which is 1.29 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $365,300 to $391,500, a 7.17% increase. The homeownership rate in Prospect Park, NJ is 40.1%, which is approximately the same as the national average of N/A%.

Housing

Property

$391,500

Median Property Value 2023

±$48,998

$821

Median Property Taxes

±$207

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 Park, NJ the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

40.1%

Homeownership

2023

68.8%

Homeowners with Mortgage

2023

In 2023, 40.1% of the housing units in Prospect Park, NJ were occupied by their owner. This percentage grew from the previous year's rate of 37.3%.

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

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

Census Tract 2036

Highest Median Household Income (Total)

The following map shows all of the places in Prospect Park, NJ 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.

N/A

Median Household Income

± N/A

2.05k

Number of Households

± 374

In N/A, the median household income of the 2.05k households in Prospect Park, NJ N/A N/A from the previous year's value of N/A.

The following chart displays the households in Prospect Park, NJ 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 $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Prospect Park, NJ is from New Jersey.

0.489

2022 Wage GINI in New Jersey

0.49

2021 Wage GINI in New Jersey

In 2022, the income inequality in New Jersey was 0.489 according to the GINI calculation of the wage distribution. Income inequality had a 0.278% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for New Jersey was lower than than the national average of 1. In other words, wages are distributed more evenly in New Jersey in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (74.9%)
Carpooled (16.1%)
Worked At Home (2.9%)

In 2023, 74.9% of workers in Prospect Park, NJ drove alone to work, followed by those who carpooled to work (16.1%) and those who worked at home (2.9%).

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

N/A minutes

Average Travel Time

Using averages, employees in Prospect Park, NJ have a N/A commute time (N/A minutes) than the normal US worker (N/A minutes). Additionally, N/A% of the workforce in Prospect Park, NJ have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

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

Poverty

Poverty & Diversity

N/A% of the population for whom poverty status is determined in Prospect Park, NJ (N/A out of N/A people) live below the poverty line, a number that is approximately the same as the national average of 12.4%. The largest demographic living in poverty are Females 35 - 44, followed by Females 45 - 54 and then Females < 5.

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

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

N/A% of the population of Prospect Park, NJ has health coverage, with N/A% on employee plans, N/A% on Medicaid, N/A% on Medicare, N/A% on non-group plans, and N/A% on military or VA plans.

Coverage

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 30.8% under 18 years, 18.5% between 18 and 34 years, 40.3% between 35 and 64 years, and 10.4% over 64 years.

By gender, of the total number of insured persons, 50% were men and 50% were women.

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

Uninsured People

N/A%

Uninsured

N/A%

Employer Coverage

N/A%

Medicaid

N/A%

Medicare

N/A%

Non-Group

N/A%

Military or VA

Between N/A and N/A, the percent of uninsured citizens in Prospect Park, NJ N/A by N/A from N/A% to N/A%.

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

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