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The total population of Prospect is estimated to be 946 with 412 males (43.55%) and 534 females (56.45%). There are 122 more females than males in Prospect.
The median household income in Prospect was $78,044 in 2021, which marked an an increase of 4,213(5.71%) from $73,831 in 2020. This income is 104.61% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Prospect sees its highest median household income among householders in the age group of 45 to 64 years old, at $98,633. Overall, the median household income for the borough of Prospect stands at $78,044.
In Prospect, the median income for all workers aged 15 years and older, regardless of work hours, was $51,568 for males and $27,817 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,927 for males and $61,815 for females.
In Prospect, population is primarily represented by White households, reporting a median income of $77,723.
In 2022, the population of Prospect was 1,098, a 0.81% decrease year-by-year from 2021. Previously, in 2021, Prospect's population was 1,107, a decline of 1.16% compared to a population of 1,120 in 2020.
The median age in Prospect, PA is 49.1, as per 2021 ACS 5-Year Estimates. Of the total population, 11.79% were under the age of 15, 18.68% aged 15 to 29, 51.05% aged 30 to 64, 16.38% aged 65 to 84, and 2.10% were 85 years of age and older.
Racial distribution of Prospect population: 96.40% are White, 0.60% are American Indian and Alaska Native and 3% are multiracial.