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.
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.
Located in the state of Kentucky, Prospect is a smaller city with a population of 5,071 residents. The majority of Prospect residents report their race to be White; this is followed by Asian and Black. In Prospect, there seems to be a shift in population towards an older age group. The average age of the population is now 55, which is significantly higher than the nation’s average. 75% of the people in Prospect (over the age of 15) are married and 30% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots. 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.
Whether you’re moving to a new town to be closer to family, friends or for a new job, living in Prospect could be a positive experience compared to other cities in Kentucky if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like amenities, cost of living, commute, employment and other key data points, finding the best places to live in Prospect and in the areas around Prospect is a much easier task.
Prospect has a livability score of 74 out of 100 and is ranked #96 in Kentucky and #4,090 in the USA. If we examine each of the categories on their own, we see that Prospect ranks well for crime (A+), education (A+) and housing (A+). Prospect does not do 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.
Crime rates play a pivotal role in the decision-making process for anyone considering a move, as they directly influence the overall sense of safety, security and quality of life in a given location. Prospect shines in this regard, earning exemplary ratings for its exceptionally low violent crime rates, standing at 0 crimes per 100,000 residents. These rates are notably below the national average, underscoring the community's commitment to safety and contributing to an enhanced quality of life.
Parents and families tend to prioritize school test scores when choosing educational institutions. Test score data can be a critical factor in evaluating and comparing schools. In Prospect, the average school test scores are an impressive 73%, well above the national average. This achievement reflects the educational system's dedication to providing students with the essential knowledge and tools for success. It ensures that your children will receive the support and resources needed to excel academically and thrive in their educational pursuits.
Finding affordable real estate and housing in Prospect can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Prospect meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Prospect. Everything else becomes a lot less important if it turns out that home prices in Prospect are simply unattainable. The median home price for Prospect homes is $703,411, which is 212.4% 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 3, which is 11.8% 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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