Prospect is a very small city located in the state of Kentucky. With a population of 4,564 people and five associated neighborhoods, Prospect is the 95th largest community in Kentucky.

Prospect real estate is some of the most expensive in Kentucky, although Prospect house values don't compare to the most expensive real estate in the U.S.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 19.32% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Prospect is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Prospect really has some of the features that families look for when choosing a good community to raise children. Is Prospect perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

Prospect is a small city, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

Do you like to read, write and learn? If you move to Prospect, you'll likely find that many of your neighbors like to as well. Prospect is one of the more educated communities in America, with a full 71.41% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

The per capita income in Prospect in 2022 was $98,261, which is wealthy relative to Kentucky and the nation. This equates to an annual income of $393,044 for a family of four.

The people who call Prospect home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Prospect residents report their race to be White, followed by Black or African-American. Important ancestries of people in Prospect include English, German, Irish, Italian, and Scottish.

The most common language spoken in Prospect is English. Other important languages spoken here include Langs. of India and Spanish.