Prosper is a somewhat small town located in the state of Texas. With a population of 24,579 people and three constituent neighborhoods, Prosper is the 231st largest community in Texas. Much of the housing stock in Prosper was built relatively recently. The construction of new real estate can often be taken as an indication that the local Prosper economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Prosper, where the median household income is $146,733.00.
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 90.94% of the workforce employed in white-collar jobs, well above the national average. Overall, Prosper is a town of managers, professionals, and sales and office workers. There are especially a lot of people living in Prosper who work in management occupations (18.55%), sales jobs (14.70%), and business and financial occupations (10.70%).
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.
Telecommuters are a relatively large percentage of the workforce: 15.32% 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, Prosper is a great place for families with children to consider. First of all, many other families with children live here, making Prosper 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 town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Prosper has a high rate of owner-occupied single family homes, which tends to reflect stability in the local 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 34.42 minutes every day commuting to work.
If knowledge is power, Prosper is a pretty powerful place. 56.99% of the adults in Prosper 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 Prosper in 2018 was $53,537, which is wealthy relative to Texas and the nation. This equates to an annual income of $214,148 for a family of four.
Prosper is a very ethnically-diverse town. 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 German, English, Irish, Italian, and European.
The most common language spoken in Prosper is English. Other important languages spoken here include Spanish and Langs. of India.