Living in Prospect, Tennessee
Cost of living, income, home prices, rent and demographics of Prospect · Census data 2020–2024
Prospect has 145 residents with a median age of 52. The median household income is $61,607 (11% lower than the Tennessee median), the median home value is $154,800.
Prospect is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Prospect at a glance
- Population
- 145
- Median age
- 52State: 38.9
- Median household income
- $61,607State: $69,595
- Median home value
- $154,800State: $286,700
- Homeowners
- 86%
- Bachelor's degree or higher
- 45.1%
- Average commute
- 32 min
Is Prospect a good place to live?
Pros: Home values 46% lower than the state median.
Cons: Median household income 11% lower than the Tennessee median; an average commute of 32 minutes; unemployment of 4.9%.
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 $154,800, 53% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,094 a month in housing costs.
Prospect median household income
The median household income in Prospect is $61,607 and the income per person is $24,866. 0% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Prospect: homes for sale and rent
- Housing units
- 43
- Owner-occupied
- 86%
- Renter-occupied
- 14%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1996
- Average household size
- 3.37
Prospect demographics
- Population
- 145
- Median age
- 52
- Under 18
- 11.7%
- 65 and older
- 16.6%
- Households
- 43
- Foreign-born
- 2.1%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Prospect ›
Education in Prospect
45.1% of adults 25 and older in Prospect have a bachelor's degree or higher (Tennessee: 31.1%), and 5.7% have a graduate or professional degree.
Jobs and commute in Prospect
- Unemployment rate
- 4.9%State: 4.7%
- Average commute
- 32 minState: 26 min
- Work from home
- 17.2%
- Drive alone
- 31%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 76.7%
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, TN?
The median household income in Prospect is $61,607, 11% lower than the Tennessee median of $69,595 (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 $154,800, compared with $286,700 in Tennessee.
Is Prospect, TN a good place to live?
Pluses: home values 46% lower than the state median. Minuses: median household income 11% lower than the Tennessee median; an average commute of 32 minutes; unemployment of 4.9%.
What is the median age in Prospect?
The median age in Prospect is 52 years (Tennessee: 38.9).
How long is the commute in Prospect?
The average commute to work in Prospect is 32 minutes; 17.2% of workers work from home.
What is the unemployment rate in Prospect?
The unemployment rate in Prospect is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Prospect?
45.1% 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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