The median household income for Prospect Park, PA is $71,580. This is below the national average. However, this number is low compared to the rest of Pennsylvania. The poverty level in this city is high, but not overwhelming. There are many ways to improve your situation. One way is to learn more about poverty statistics in Prospect Park. Here are some of the most important facts about poverty in Prospect Park, PA.
The average commute time for people living in Prospect Park, PA is 30 minutes. Compared to the rest of the country, this is the second highest commute time. While this may sound like a good thing, the reality is far different. Nearly one-third of Prospect Park's workforce has to commute more than an hour. That's a major factor, but this area also has a higher than average percentage of people with a higher education.
The median property value in Prospect Park, PA is $191,700. This is 0.797 times smaller than the national average. Prospect Park, PA has a 65.9% homeownership rate. The area is mostly white, with a minority of Hispanics (0.663%). The median household income in Prospect Park, PA is $60,569. Residents of Prospect Park, PA drive alone to work. The median household has two cars.
The area's first European residents were Lenape, an ancient tribe. The area was largely wooded and farmland until the mid-nineteenth century. During the industrial period, the west section of Prospect Park was populated by Europeans. The eastern section was developed in the 1880s. While the area saw a decline in the social environment in the mid-twentieth century, gentrification helped revive the area.