Prospect, NY
Population 337 · New York
About Prospect, NY
Prospect is a small community in New York with a population of 337 residents. The median household income is $46,413 per year, which is below the national average. The median age in Prospect is 44.8 years.
Housing in Prospect has a median home value of $104,400 and median monthly rent of $0. Of the 150 total housing units, the majority are owner-occupied, with 110 owner-occupied and 12 renter-occupied units.
The unemployment rate in Prospect is 0.0% and the poverty rate is 0.0%. 12.8% of residents hold a bachelor's degree or higher. The average commute time is 20 minutes.
Cost of Living in Prospect, NY
Compared to national averages, Prospect has a median household income of $46,413 (38% below the national median of $75,149). Home values average $104,400, which is 57% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New York, Prospect's income is 52% below the state average of $96,987, and home values are 73% below the state median of $387,181.
Why Live in Prospect, NY?
Prospect offers affordable housing with a median home value of $104,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 20 minutes.
Potential considerations include median household income ($46,413) that falls below the national average. However, Prospect’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prospect has a population of 337 with a median age of 44.8 years. Compare Prospect with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Prospect
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gilbertsville | 337 | $71,500 | $151,800 | Compare |
| Pine Hill | 339 | $84,531 | $316,200 | Compare |
| Chautauqua | 340 | $0 | $732,100 | Compare |
| Millport | 340 | $44,038 | $96,800 | Compare |
| Ellicottville | 342 | $88,333 | $277,600 | Compare |
| Redwood | 342 | $124,125 | $172,300 | Compare |
| Winthrop | 332 | $87,778 | $0 | Compare |
| Groveland Station | 343 | $77,039 | $138,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Prospect With Other Cities
Frequently Asked Questions about Prospect
What is the population of Prospect, NY?
The population of Prospect, NY is 337 according to the latest Census data.
What is the median household income in Prospect?
The median household income in Prospect, NY is $46,413 per year.
What is the median home value in Prospect?
The median home value in Prospect, NY is $104,400.
What is the average rent in Prospect?
The median monthly rent in Prospect, NY is $0.
What is the unemployment rate in Prospect?
The unemployment rate in Prospect, NY is 0.0%.