Living in Prospect, New York
Cost of living, income, home prices, rent and demographics of Prospect · Census data 2020–2024
Prospect has 218 residents with a median age of 54.2. The median household income is $46,971 (45% lower than the New York median), the median home value is $86,800.
Prospect is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Prospect at a glance
- Population
- 218
- Median age
- 54.2State: 39.8
- Median household income
- $46,971State: $85,974
- Median home value
- $86,800State: $423,800
- Homeowners
- 100%
- Bachelor's degree or higher
- 2.4%
- Average commute
- 22 min
Is Prospect a good place to live?
Pros: Home values 80% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 45% lower than the New York median.
The weather is best in June to September.
Cost of living in Prospect
Housing is the biggest part of the cost of living. In Prospect the median home value is $86,800, 74% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Prospect median household income
The median household income in Prospect is $46,971 and the income per person is $31,857. 0% of residents live below the poverty line (New York: 14%).
Housing in Prospect: homes for sale and rent
- Housing units
- 137
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 20.4%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.00
Prospect demographics
- Population
- 218
- Median age
- 54.2
- Under 18
- 24.3%
- 65 and older
- 40.4%
- Households
- 109
- Foreign-born
- 0%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Prospect ›
Education in Prospect
2.4% of adults 25 and older in Prospect have a bachelor's degree or higher (New York: 40.2%), and 0% have a graduate or professional degree.
Jobs and commute in Prospect
- Unemployment rate
- 0%State: 6.4%
- Average commute
- 22 minState: 33 min
- Work from home
- 0%
- Drive alone
- 94.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 61.5%
Prospect vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Prospect | 218 | $46,971 | $86,800 | — |
| Remsen | 373 | $49,167 | $100,000 | $647 |
| Barneveld | 240 | $79,265 | — | — |
| Holland Patent | 360 | $72,596 | $234,800 | $835 |
| Poland | 449 | $61,250 | $129,200 | $782 |
| Cold Brook | 164 | $104,444 | $150,000 | — |
| Newport | 491 | $86,750 | $156,300 | — |
| Westernville | 195 | $46,875 | $147,300 | $1,053 |
| Marcy | 697 | $44,648 | $222,200 | $1,205 |
More for people moving to Prospect
Prospect ZIP code ›Weather and climate ›Living in Prospect: FAQ
What is the median household income in Prospect, NY?
The median household income in Prospect is $46,971, 45% lower than the New York median of $85,974 (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 $86,800, compared with $423,800 in New York.
Is Prospect, NY a good place to live?
Pluses: home values 80% lower than the state median; an average commute of 22 minutes. Minuses: median household income 45% lower than the New York median.
What is the median age in Prospect?
The median age in Prospect is 54.2 years (New York: 39.8).
How long is the commute in Prospect?
The average commute to work in Prospect is 22 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?
2.4% 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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