Prosper, TX
Population 34,567 · Texas
About Prosper, TX
Prosper is a mid-sized city located in Texas with a population of 34,567 residents according to the latest US Census Bureau American Community Survey data. The median household income is $187,603 per year, which is 150% above the national median of $75,149. The median age of 37 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Prosper features a median home value of $694,600, which is 184% above the national median of $244,900. This places Prosper in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,152, 85% above the national average of $1,163/month. Of the 10,865 total housing units, 88% are owner-occupied (8,896 units) and 12% are renter-occupied (1,194 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Prosper shows an unemployment rate of 4.9%, which is near the national rate of 3.7%. The poverty rate stands at 3.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Prosper have an average one-way commute time of 32 minutes.
Education & Demographics
63.5% of Prosper residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 6.8% White, 2.2% Hispanic or Latino, 1.9% Black or African American, and 3.1% Asian residents, with 14.1% of the population being foreign-born.
How Prosper Ranks in Texas
Cost of Living in Prosper, TX
Compared to national averages, Prosper has a median household income of $187,603 (150% above the national median of $75,149). Home values average $694,600, which is 184% above the national median. Monthly rent at $2,152 is 85% above the US average of $1,163. Within Texas, Prosper's income is 158% above the state average of $72,726, and home values are 228% above the state median of $211,769.
Why Live in Prosper, TX?
Prosper offers a strong local economy with a median household income of $187,603, well above the national average, and a well-educated community where 63.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $694,600. However, Prosper’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prosper has a population of 34,567 with a median age of 37 years. Compare Prosper with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Prosper
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Del Rio | 34,638 | $59,588 | $143,200 | Compare |
| Lufkin | 34,158 | $56,722 | $162,600 | Compare |
| Timberwood Park | 34,980 | $147,471 | $469,900 | Compare |
| Weatherford | 33,924 | $78,738 | $285,000 | Compare |
| Cibolo | 33,829 | $125,230 | $324,600 | Compare |
| Deer Park | 33,823 | $95,233 | $238,900 | Compare |
| Harker Heights | 33,595 | $82,685 | $269,000 | Compare |
| Texarkana | 36,039 | $49,240 | $159,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Prosper With Other Cities
Frequently Asked Questions about Prosper
What is the population of Prosper, TX?
The population of Prosper, TX is 34,567 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Texas.
What is the median household income in Prosper?
The median household income in Prosper, TX is $187,603 per year, which is 150% above the national median of $75,149.
What is the median home value in Prosper?
The median home value in Prosper, TX is $694,600, which is 184% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Prosper?
The median monthly rent in Prosper, TX is $2,152, which is 85% above the national average of $1,163/month.
What is the unemployment rate in Prosper?
The unemployment rate in Prosper, TX is 4.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Prosper, TX a good place to live?
Prosper offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 34,567 and a median age of 37, the city appeals to a broad range of residents.
How educated is Prosper, TX?
63.5% of residents in Prosper aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Prosper?
Key cost-of-living indicators for Prosper, TX: median home value is $694,600 (184% above national), median rent is $2,152/month, and median household income is $187,603. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Prosper?
The poverty rate in Prosper, TX is 3.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Prosper, TX?
Prosper's population is 6.8% White, 2.2% Hispanic or Latino, 1.9% Black or African American, 3.1% Asian, and 6.5% two or more races. 14.1% of residents are foreign-born.