Prospect, KY

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Prospect profile

Living in Prospect

Prospect is a very small city located in the state of Kentucky. With a population of 4,923 people and three constituent neighborhoods, Prospect is the 88th largest community in Kentucky.

Prospect home prices are not only among the most expensive in Kentucky, but Prospect real estate also consistently ranks among the most expensive in America.

Prospect is a decidedly white-collar city, with fully 95.74% of the workforce employed in white-collar jobs, well above the national average. Overall, Prospect is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Prospect who work in sales jobs (22.34%), management occupations (16.96%), and healthcare (12.66%).

Telecommuters are a relatively large percentage of the workforce: 8.81% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.

Because of many things, Prospect is a great place for families with children to consider. First of all, many other families with children live here, making Prospect a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Prospect has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Prospect’s overall crime rate is lower than average for the country.

If knowledge is power, Prospect is a pretty powerful place. 71.73% 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 21.84% for all cities and towns.

The per capita income in Prospect in 2010 was $72,579, which is wealthy relative to Kentucky and the nation. This equates to an annual income of $290,316 for a family of four.

The people who call Prospect home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Prospect residents report their race to be White, followed by Black or African-American. Important ancestries of people in Prospect include German, English, Irish, Scottish, and Scots-Irish.

The most common language spoken in Prospect is English. Other important languages spoken here include Spanish and Polish.