Living in Prospect Park, Pennsylvania
Cost of living, income, home prices, rent and demographics of Prospect Park · Census data 2020–2024
Prospect Park has 6,417 residents with a median age of 33.7. The median household income is $63,077 (19% lower than the Pennsylvania median), the median home value is $244,600, the median rent is $1,183/month.
Prospect Park at a glance
- Population
- 6,417
- Median age
- 33.7State: 40.9
- Median household income
- $63,077State: $77,971
- Median home value
- $244,600State: $254,500
- Median rent
- $1,183/moState: $1,209
- Homeowners
- 58%
- Bachelor's degree or higher
- 22.9%
- Average commute
- 22 min
Is Prospect Park a good place to live?
Pros: Home values 4% lower than the state median; an average commute of 22 minutes; a poverty rate of 9.2%.
Cons: Median household income 19% lower than the Pennsylvania median; unemployment of 6.6%.
The weather is best in May–June and August–September.
Cost of living in Prospect Park
Housing is the biggest part of the cost of living. In Prospect Park the median home value is $244,600, 26% lower than the U.S. median. Renters pay a median of $1,183 per month, which is 39.7% of household income. Homeowners with a mortgage pay $1,908 a month in housing costs.
Prospect Park median household income
The median household income in Prospect Park is $63,077 and the income per person is $39,924. 9.2% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Prospect Park: homes for sale and rent
- Housing units
- 2,676
- Owner-occupied
- 58%
- Renter-occupied
- 42%
- Vacant
- 6.5%Includes seasonal homes
- Median year built
- 1949
- Average household size
- 2.50
Prospect Park demographics
- Population
- 6,417
- Median age
- 33.7
- Under 18
- 20.9%
- 65 and older
- 14%
- Households
- 2,502
- Foreign-born
- 6.4%
- Veterans
- 8.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Prospect Park ›
Education in Prospect Park
22.9% of adults 25 and older in Prospect Park have a bachelor's degree or higher (Pennsylvania: 35.2%), and 6.9% have a graduate or professional degree.
Jobs and commute in Prospect Park
- Unemployment rate
- 6.6%State: 5.3%
- Average commute
- 22 minState: 26 min
- Work from home
- 9.4%
- Drive alone
- 71.3%
- Public transit
- 4.1%
- Walk to work
- 2.2%
- Homes with broadband
- 88.2%
Prospect Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Prospect Park | 6,417 | $63,077 | $244,600 | $1,183 |
| Norwood | 5,934 | $96,134 | $235,000 | $1,409 |
| Ridley | 30,923 | $92,835 | $265,200 | $1,298 |
| Ridley Park | 7,261 | $93,594 | $281,700 | $1,350 |
| Folsom | 8,671 | $113,064 | $280,100 | $1,540 |
| Glenolden | 7,220 | $72,786 | $215,000 | $1,209 |
| Rutledge | 935 | $135,313 | $396,800 | $1,679 |
| Folcroft | 6,772 | $61,306 | $171,500 | $1,329 |
| Morton | 2,773 | $61,563 | $267,400 | $1,257 |
More for people moving to Prospect Park
Prospect Park ZIP code ›Weather and climate ›Living in Prospect Park: FAQ
What is the median household income in Prospect Park, PA?
The median household income in Prospect Park is $63,077, 19% lower than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Prospect Park?
The median home value in Prospect Park is $244,600, compared with $254,500 in Pennsylvania.
How much is rent in Prospect Park?
The median gross rent in Prospect Park is $1,183 per month, about 39.7% of household income.
Is Prospect Park, PA a good place to live?
Pluses: home values 4% lower than the state median; an average commute of 22 minutes; a poverty rate of 9.2%. Minuses: median household income 19% lower than the Pennsylvania median; unemployment of 6.6%.
What is the median age in Prospect Park?
The median age in Prospect Park is 33.7 years (Pennsylvania: 40.9).
How long is the commute in Prospect Park?
The average commute to work in Prospect Park is 22 minutes; 9.4% of workers work from home.
What is the unemployment rate in Prospect Park?
The unemployment rate in Prospect Park is 6.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Prospect Park?
22.9% of adults in Prospect Park 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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