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The total population of Prospect Park is estimated to be 6,411 with 3,268 males (50.97%) and 3,143 females (49.03%). There are 125 less females than males in Prospect Park.
The median household income in Prospect Park was $68,654 in 2021, which marked an an increase of 1,803(2.70%) from $66,851 in 2020. This income is 92.02% 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 45 to 64 years old, at $97,227. Overall, the median household income for the borough of Prospect Park stands at $68,654.
In Prospect Park, the median income for all workers aged 15 years and older, regardless of work hours, was $53,746 for males and $28,336 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,213 for males and $81,321 for females.
In Prospect Park, there are just two different racial groups among households. Among these, Black or African American households report a median household income of $76,935, while White households have a median household income of $67,859.
In 2022, the population of Prospect Park was 6,366, a 0.50% decrease year-by-year from 2021. Previously, in 2021, Prospect Park's population was 6,398, a decline of 0.36% compared to a population of 6,421 in 2020.
The median age in Prospect Park, PA is 37.5, as per 2021 ACS 5-Year Estimates. Of the total population, 18.05% were under the age of 15, 22.67% aged 15 to 29, 46.57% aged 30 to 64, 10.20% aged 65 to 84, and 2.51% were 85 years of age and older.
Racial distribution of Prospect Park population: 78.36% are White, 8.98% are Black or African American, 3.63% are Asian, 0.11% are some other race and 8.92% are multiracial.