Prospect Park, NJ
Population 6,286 · New Jersey
About Prospect Park, NJ
Prospect Park is a small community in New Jersey with a population of 6,286 residents. The median household income is $48,615 per year, which is below the national average. The median age in Prospect Park is 35.4 years.
Housing in Prospect Park has a median home value of $391,500 and median monthly rent of $1,794. Of the 2,176 total housing units, renting is more common than owning, with 821 owner-occupied and 1,224 renter-occupied units.
The unemployment rate in Prospect Park is 8.2% and the poverty rate is 24.9%. 24.5% of residents hold a bachelor's degree or higher. The average commute time is 22 minutes.
Cost of Living in Prospect Park, NJ
Compared to national averages, Prospect Park has a median household income of $48,615 (35% below the national median of $75,149). Home values average $391,500, which is 60% above the national median. Monthly rent at $1,794 is 54% above the US average of $1,163. Within New Jersey, Prospect Park's income is 58% below the state average of $115,667, and home values are 17% below the state median of $469,644.
Why Live in Prospect Park, NJ?
Prospect Park offers short commute times averaging just 22 minutes.
Potential considerations include median household income ($48,615) that falls below the national average, and a competitive housing market where the typical home costs $391,500. However, Prospect Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prospect Park has a population of 6,286 with a median age of 35.4 years. Compare Prospect Park with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Prospect Park
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Yardville | 6,266 | $100,776 | $326,400 | Compare |
| Leisure Village | 6,307 | $42,705 | $127,000 | Compare |
| Kingston Estates | 6,250 | $103,056 | $288,400 | Compare |
| Carlstadt | 6,343 | $94,854 | $523,800 | Compare |
| Morris Plains | 6,214 | $149,623 | $609,700 | Compare |
| Paulsboro | 6,213 | $68,750 | $169,400 | Compare |
| Roseland | 6,211 | $160,644 | $640,600 | Compare |
| Bridgewater Center | 6,198 | $201,250 | $649,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Prospect Park
What is the population of Prospect Park, NJ?
The population of Prospect Park, NJ is 6,286 according to the latest Census data.
What is the median household income in Prospect Park?
The median household income in Prospect Park, NJ is $48,615 per year.
What is the median home value in Prospect Park?
The median home value in Prospect Park, NJ is $391,500.
What is the average rent in Prospect Park?
The median monthly rent in Prospect Park, NJ is $1,794.
What is the unemployment rate in Prospect Park?
The unemployment rate in Prospect Park, NJ is 8.2%.