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 96.43% 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 (22.71%), management occupations (16.83%), and healthcare (14.37%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.52% 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.
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 is lower than average for the country.
If knowledge is power, Prospect is a pretty powerful place. 72.79% 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 $75,509, which is wealthy relative to Kentucky and the nation. This equates to an annual income of $302,036 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 Asian. Important ancestries of people in Prospect include German, English, Irish, Scottish, and Italian.
The most common language spoken in Prospect is English. Other important languages spoken here include Langs. of India and Polish.