Prosper is a somewhat small town located in the state of Texas. With a population of 15,967 people and three constituent neighborhoods, Prosper is the 231st largest community in Texas. Prosper has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Prosper, where the median household income is $111,641.00.
Prosper home prices are not only among the most expensive in Texas, but Prosper real estate also consistently ranks among the most expensive in America.
Prosper is a decidedly white-collar town, with fully 91.57% of the workforce employed in white-collar jobs, well above the national average. Overall, Prosper is a town of managers, sales and office workers, and professionals. There are especially a lot of people living in Prosper who work in management occupations (25.71%), sales jobs (12.91%), and office and administrative support (11.22%).
Also of interest is that Prosper 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: 11.56% 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.
Prosper 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 town’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, Prosper’s overall crime rate is lower than average for the country.
One downside of living in Prosper, however, is that residents on average have to contend with a long commute, spending on average 33.18 minutes every day commuting to work.
The citizens of Prosper are among the most well-educated in the nation: 44.75% of adults in Prosper have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in Prosper in 2010 was $40,957, which is wealthy relative to Texas and the nation. This equates to an annual income of $163,828 for a family of four. However, Prosper contains both very wealthy and poor people as well.
The people who call Prosper home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Prosper residents report their race to be White, followed by Black or African-American. Important ancestries of people in Prosper include Irish, English, Italian, and Russian.
The most common language spoken in Prosper is English. Other important languages spoken here include Spanish and Russian.