The population of Prospect City is around 21,200. It is located just north of the City of Chicago. It was first settled in the late 18th century and remained mostly agricultural until the early 20th century. The town was originally named Sand Hill and was later changed to Prospect to serve as the post office. The city incorporated in 1974. Its main streets are Prospect Road and State Street. Residents can find a variety of shops, restaurants, and services along Main Street.
The census-tagged data identifies the five major ethnic groups in Prospect, KY. The majority of residents are White, with a few minorities of Hispanic, African-American, and Native American minorities. The median household income is $43,300, compared to $50,490 for the national median. Those living in Prospect are likely to belong to one of the 5 major ethnic groups. The most common language spoken at home is English.
The city is a suburb of Louisville. It is bordered by Oldham County on the northeast and the Ohio River to the southwest. There are around six hundred residents in the area. Prospect has a population density of 1,276 per square mile, making it the ninth wealthiest city in Kentucky. Those over the age of 65 make up nearly 7% of the population. Prospect has a diverse economy, with businesses ranging from restaurants to clothing stores.
Most households in Prospect City have mortgages, with a median home value of $40059. The median home value of $40059 is high, compared to the rest of the country and nearby ZIP codes. House rentals are generally more than $1,000/month for two or more bedrooms, including utilities. Apartments and townhouses can be found in the city, as well. In general, renters in Prospect, KY are middle-class, with incomes a little above average.