Prospect, PA
Population 1,104 · Pennsylvania
About Prospect, PA
Prospect is a small community in Pennsylvania with a population of 1,104 residents. The median household income is $81,042 per year, which is above the national average. The median age in Prospect is 45.5 years.
Housing in Prospect has a median home value of $170,600 and median monthly rent of $885. Of the 456 total housing units, the majority are owner-occupied, with 359 owner-occupied and 37 renter-occupied units.
The unemployment rate in Prospect is 5.8% and the poverty rate is 6.3%. 19.8% of residents hold a bachelor's degree or higher. The average commute time is 29 minutes.
Cost of Living in Prospect, PA
Compared to national averages, Prospect has a median household income of $81,042 (8% above the national median of $75,149). Home values average $170,600, which is 30% below the national median. Monthly rent at $885 is 24% below the US average of $1,163. Within Pennsylvania, Prospect's income is 10% above the state average of $73,376, and home values are 11% below the state median of $190,903.
Why Live in Prospect, PA?
Prospect offers a strong local economy with a median household income of $81,042, well above the national average, and affordable housing with a median home value of $170,600, below the US average of $244,900, and rent that’s lower than the national average at $885/month. Additionally, the city features a low poverty rate of 6.3%, better than the national average.
Prospect has a population of 1,104 with a median age of 45.5 years. Compare Prospect with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Prospect
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hawley | 1,104 | $46,693 | $173,500 | Compare |
| Hegins | 1,103 | $90,829 | $209,800 | Compare |
| Yoe | 1,105 | $64,792 | $175,900 | Compare |
| Nemacolin | 1,107 | $17,774 | $92,600 | Compare |
| Dilworthtown | 1,098 | $176,438 | $550,500 | Compare |
| East Earl | 1,110 | $101,900 | $344,900 | Compare |
| Fairhope | 1,113 | $36,917 | $115,600 | Compare |
| McClure | 1,113 | $68,833 | $130,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Prospect
What is the population of Prospect, PA?
The population of Prospect, PA is 1,104 according to the latest Census data.
What is the median household income in Prospect?
The median household income in Prospect, PA is $81,042 per year.
What is the median home value in Prospect?
The median home value in Prospect, PA is $170,600.
What is the average rent in Prospect?
The median monthly rent in Prospect, PA is $885.
What is the unemployment rate in Prospect?
The unemployment rate in Prospect, PA is 5.8%.