Prospect is a very small city located in the state of Kentucky. With a population of 4,905 people and three constituent neighborhoods, Prospect is the 88th largest community in Kentucky.
Prospect real estate is some of the most expensive in Kentucky, although Prospect house values don't compare to the most expensive real estate in the U.S.
Prospect is a decidedly white-collar city, with fully 95.35% of the workforce employed in white-collar jobs, well above the national average. Overall, Prospect is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Prospect who work in management occupations (24.00%), sales jobs (17.00%), and healthcare (16.47%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.85% 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.
In addition, Prospect is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
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.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Prospect. 74.96% 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 2018 was $82,431, which is wealthy relative to Kentucky and the nation. This equates to an annual income of $329,724 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, Italian, and French.
The most common language spoken in Prospect is English. Other important languages spoken here include Chinese and Langs. of India.