Prospect is a very small city located in the state of Kentucky. With a population of 4,875 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%).
A relatively large number of people in Prospect telecommute to their jobs. Overall, about 8.81% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Prospect. 71.73% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
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 English, Irish, Scottish, and Scots-Irish.
The most common language spoken in Prospect is English. Other important languages spoken here include Spanish and Polish.