Living in Prospect, Louisiana
Cost of living, income, home prices, rent and demographics of Prospect · Census data 2020–2024
Prospect has 378 residents with a median age of 32.7. The median household income is $89,688 (48% higher than the Louisiana median), the median home value is $173,000.
Prospect is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Prospect at a glance
- Population
- 378
- Median age
- 32.7State: 38
- Median household income
- $89,688State: $60,756
- Median home value
- $173,000State: $216,500
- Homeowners
- 100%
- Bachelor's degree or higher
- 10.2%
- Average commute
- 17 min
Is Prospect a good place to live?
Pros: Median household income 48% higher than the Louisiana median; home values 20% lower than the state median; an average commute of 17 minutes; a poverty rate of 6.1%.
The weather is best in March–April and October–November.
Cost of living in Prospect
Housing is the biggest part of the cost of living. In Prospect the median home value is $173,000, 48% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,390 a month in housing costs.
Prospect median household income
The median household income in Prospect is $89,688 and the income per person is $32,639. 6.1% of residents live below the poverty line (Louisiana: 18.9%).
Housing in Prospect: homes for sale and rent
- Housing units
- 195
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 22.1%Includes seasonal homes
- Median year built
- 1986
- Average household size
- 2.49
Prospect demographics
- Population
- 378
- Median age
- 32.7
- Under 18
- 23%
- 65 and older
- 12.2%
- Households
- 152
- Foreign-born
- 11.1%
- Veterans
- 9.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Prospect ›
Education in Prospect
10.2% of adults 25 and older in Prospect have a bachelor's degree or higher (Louisiana: 27%), and 0% have a graduate or professional degree.
Jobs and commute in Prospect
- Unemployment rate
- 0%State: 6.3%
- Average commute
- 17 minState: 26 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Prospect vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Prospect | 378 | $89,688 | $173,000 | — |
| Creola | 221 | $61,250 | — | $1,225 |
| Pollock | 460 | $34,583 | $114,800 | $690 |
| Ball | 3,869 | $80,074 | $175,800 | $1,337 |
| Pineville | 14,160 | $49,774 | $201,500 | $910 |
| Dry Prong | 369 | $61,625 | $197,500 | $1,000 |
| Alexandria | 44,060 | $47,113 | $183,700 | $931 |
| Boyce | 1,037 | $37,895 | $86,000 | $620 |
| Colfax | 1,240 | $26,250 | $73,400 | $499 |
More for people moving to Prospect
Prospect ZIP code ›Weather and climate ›Living in Prospect: FAQ
What is the median household income in Prospect, LA?
The median household income in Prospect is $89,688, 48% higher than the Louisiana median of $60,756 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Prospect?
The median home value in Prospect is $173,000, compared with $216,500 in Louisiana.
Is Prospect, LA a good place to live?
Pluses: median household income 48% higher than the Louisiana median; home values 20% lower than the state median; an average commute of 17 minutes; a poverty rate of 6.1%.
What is the median age in Prospect?
The median age in Prospect is 32.7 years (Louisiana: 38).
How long is the commute in Prospect?
The average commute to work in Prospect is 17 minutes; 0% of workers work from home.
What is the unemployment rate in Prospect?
The unemployment rate in Prospect is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Prospect?
10.2% of adults in Prospect have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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