Prospect is a very small city located in the state of Kentucky. With a population of 4,881 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 96.03% 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 (17.47%), management occupations (15.36%), and healthcare (14.45%).
Also of interest is that Prospect has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.51% 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.
Because of many things, Prospect is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Prospect really has some of the features that families look for when choosing a good community to raise children. Is Prospect perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Prospect is a very car-oriented city. 0.97% 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.
Being a small city, Prospect does not have a public transit system used by locals to get to and from work.
If knowledge is power, Prospect is a pretty powerful place. 71.08% 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 $72,792, which is wealthy relative to Kentucky and the nation. This equates to an annual income of $291,168 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 English, Irish, Scottish, and French .
The most common language spoken in Prospect is English. Other important languages spoken here include Spanish and Persian.