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The total population of Prospect Park is estimated to be 6,299 with 3,227 males (51.23%) and 3,072 females (48.77%). There are 155 less females than males in Prospect Park.
The median household income in Prospect Park was $55,795 in 2021, which marked an an increase of 455(0.82%) from $55,340 in 2020. This income is 74.79% 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 Park sees its highest median household income among householders in the age group of 65 years and over old, at $84,671. Overall, the median household income for the borough of Prospect Park stands at $55,795.
In Prospect Park, the median income for all workers aged 15 years and older, regardless of work hours, was $36,841 for males and $23,143 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,614 for males and $42,516 for females.
In Prospect Park, there are just three different racial groups among households. Among these, Black or African American households report a median household income of $68,268, followed by Some Other Race households at $64,642, and White households with a median household income of $54,496.
In 2022, the population of Prospect Park was 6,245, a 0.94% decrease year-by-year from 2021. Previously, in 2021, Prospect Park's population was 6,304, a decline of 0.80% compared to a population of 6,355 in 2020.
The median age in Prospect Park, NJ is 35.2, as per 2021 ACS 5-Year Estimates. Of the total population, 21.35% were under the age of 15, 22.66% aged 15 to 29, 46.29% aged 30 to 64, 8.68% aged 65 to 84, and 1.02% were 85 years of age and older.
Racial distribution of Prospect Park population: 60.43% are White, 20.11% are Black or African American, 0.21% are American Indian and Alaska Native, 1.40% are Asian, 12.89% are some other race and 4.97% are multiracial.