Prospect is a very small city located in the state of Kentucky. With a population of 4,797 people and two constituent neighborhoods, Prospect is the 95th largest community in Kentucky.

Prospect is a decidedly white-collar city, with fully 94.99% of the workforce employed in white-collar jobs, well above the national average. Overall, Prospect is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in Prospect who work in management occupations (24.79%), sales jobs (15.16%), and healthcare (12.48%).

One interesting thing about the economy is that relatively large numbers of people worked from their homes - 7.64% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In addition, Prospect is home to many people who could be described as "urban sophisticates," which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.

Prospect is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city's good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Prospect's overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.

Prospect is a very car-oriented city. 97.87% of residents commute to work in a private automobile rather than by other means, such as public transit, bicycling, or walking. This is because Prospect is a small city, and most people who live here have to drive out of town for work, and the town population is not large nor dense enough to support an extensive public transportation system. Prospect has a lot of rural roads, and houses can be far apart. Many residents drive out of town for regular shopping trips as well.

Despite the fact that Prospect is a relatively small city, the public transit system is fairly well used to commute to work. Many people choose to use the bus, often traveling to the central city in the region.

Prospect Information and Demographics

If knowledge is power, Prospect is a pretty powerful place. 69.95% of the adults in Prospect have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 14.96% for all cities and towns.

The per capita income in Prospect in 2000 was $51,469, which is wealthy relative to Kentucky and the nation. This equates to an annual income of $205,876 for a family of four. However, Prospect contains both very wealthy and poor people as well.

The people who call Prospect home come from a variety of different races and ancestries. The most prevalent race in Prospect is White, followed by African-American. Important ancestries of people in Prospect include German, English, Irish, Scotch-Irish, Polish, Italian, and Scottish.

The most common language spoken in Prospect is English.