Commute
An elevated score in the commute category points to excellent public transit accessibility and shorter-than-average work commute times in this area.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Schools
The schools category earns a high score due to factors like exceptional test scores, strong education levels and the close proximity of elementary and high schools in this area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Cost Of Living
Living in this region comes with a high cost of living, translating to elevated costs for homes, goods and services, groceries, utilities, health care and transportation.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Prospect, Kentucky is a smaller city with a population of 4,961 people. According to the most recent Census, 89% of Prospect residents are White, 8% Asian and 3% Black. Based on an average age of 55, Prospect appears to be well-suited for seniors or retirees as the average age is well above the national average. Prospect has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 75% of the population is classified as married and 30% have kids. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Prospect is the right fit for you, your one way commute time will average 24 minutes, which is about average when compared to the national commute time of 26 minutes.
Living in Prospect can be a great experience for anyone relocating to the area. Having said that, in the state of Kentucky, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Prospect and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Kentucky and national averages.
The livability score in Prospect is 73/100 and the city is ranked in the 85th percentile of all cities across America. If we dig down a little deeper into each category within the livability score, we see that Prospect has higher than average scores for the following: crime (A+), education (A+), employment (A+) and housing (A+). Prospect does not rank well for the following: amenities (F) and cost of living (F). It might be a smart idea to take a closer look at each category to find out why.
Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 22 crimes per 100,000 residents, Prospect has a violent crime rate that is far below the national average.
Parents and families often rely on school test scores when making decisions about local public schools. Test score data serves as a crucial metric for comparing and assessing various educational institutions. In Prospect, the average school test scores reached an impressive 73%, significantly higher than the national average. This remarkable performance underscores the commitment of the educational system to equip students with the knowledge and resources necessary for success. It allows your children to receive the support and skills that are essential for thriving academically, making Prospect an excellent choice for families seeking a high-quality education.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Prospect has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Prospect is real estate affordability. The median home price for Prospect homes is $391,600, which is 210.5% higher than the Kentucky average. If we take a closer look at the affordability of homes in Prospect, we’ll see that the home price to income ratio is 2.6, which is 7.1% lower than the Kentucky average.
| Statistic | Prospect | Kentucky | National |
| Average one way commute | 24min | 23min | 26min |
| Workers who drive to work | 83.1% | 82.2% | 76.4% |
| Workers who carpool | 4.2% | 9.7% | 9.3% |
| Workers who take public transit | 0.4% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 1.2% | 2.4% | 2.8% |
| Working from home | 9.7% | 3.3% | 4.6% |
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