Living in Prospect, North Carolina
Cost of living, income, home prices, rent and demographics of Prospect · Census data 2020–2024
Prospect has 907 residents with a median age of 30.4. The median household income is $110,769 (53% higher than the North Carolina median), the median home value is $100,700.
Prospect is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Prospect at a glance
- Population
- 907
- Median age
- 30.4State: 39.1
- Median household income
- $110,769State: $72,388
- Median home value
- $100,700State: $288,900
- Homeowners
- 90.6%
- Bachelor's degree or higher
- 34.7%
- Average commute
- 35 min
Is Prospect a good place to live?
Pros: Median household income 53% higher than the North Carolina median; home values 65% lower than the state median.
Cons: An average commute of 35 minutes; a poverty rate of 21.7%.
The weather is best in April–May and September–October.
Cost of living in Prospect
Housing is the biggest part of the cost of living. In Prospect the median home value is $100,700, 70% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,403 a month in housing costs.
Prospect median household income
The median household income in Prospect is $110,769 and the income per person is $31,821. 21.7% of residents live below the poverty line (North Carolina: 13%).
Housing in Prospect: homes for sale and rent
- Housing units
- 302
- Owner-occupied
- 90.6%
- Renter-occupied
- 9.4%
- Vacant
- 8.6%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 3.29
Prospect demographics
- Population
- 907
- Median age
- 30.4
- Under 18
- 27.1%
- 65 and older
- 12.8%
- Households
- 276
- Foreign-born
- 0%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Prospect ›
Education in Prospect
34.7% of adults 25 and older in Prospect have a bachelor's degree or higher (North Carolina: 35.7%), and 11.8% have a graduate or professional degree.
Jobs and commute in Prospect
- Unemployment rate
- 0%State: 4.7%
- Average commute
- 35 minState: 25 min
- Work from home
- 6.6%
- Drive alone
- 86.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 90.2%
Prospect vs nearby towns
More for people moving to Prospect
Prospect ZIP code ›Weather and climate ›Living in Prospect: FAQ
What is the median household income in Prospect, NC?
The median household income in Prospect is $110,769, 53% higher than the North Carolina median of $72,388 (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 $100,700, compared with $288,900 in North Carolina.
Is Prospect, NC a good place to live?
Pluses: median household income 53% higher than the North Carolina median; home values 65% lower than the state median. Minuses: an average commute of 35 minutes; a poverty rate of 21.7%.
What is the median age in Prospect?
The median age in Prospect is 30.4 years (North Carolina: 39.1).
How long is the commute in Prospect?
The average commute to work in Prospect is 35 minutes; 6.6% 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?
34.7% 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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