Prospect is a small town of 1,267 in Ohio, with a median household income of $61,629
and a 2.9% unemployment rate.
Its cost of living index is 93 (US average = 100), which is
7% below the national average.
Strengths:
Prospect stands out for an affordable cost of living, below-average home prices.
Trade-offs:
Potential downsides include longer commutes. Whether Prospect is right for you depends on your priorities — the full breakdown is below.
All Prospect city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 93.1
Prospect's overall cost of living index is 93.1,
where 100 represents the US national average.
Living in Prospect costs roughly 7% less than the average American city.
Metric
Prospect, OH
National Avg
Median Home Value
$157,100
$244,900
Median Monthly Rent
$1,066
$1,163
Homeownership Rate
63.2%
65.9%
Median Household Income
$61,629
$74,755
Crime & Safety
Very Safe
Prospect's violent crime rate is 242.7 per 100,000 residents
— 36% lower than the national average of ~380 per 100,000.
Violent Crime
242.7 /100k
Property Crime
717.4 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Metric
Prospect, OH
National Avg
School District
N/A
—
Elementary Schools
N/A
—
Middle Schools
N/A
—
High Schools
N/A
—
Student/Teacher Ratio
N/A
16:1
Bachelor's Degree or Higher
16.2%
35.4%
High School Diploma or Higher
94.6%
91.1%
Weather & Climate
Prospect sees average highs of 34.0°F in January
and 83.7°F in July,
with 39.3 inches of annual precipitation
and 26.3 inches of snow per year.
Prospect's cost of living index is 93, where 100 is the national average.
That makes Prospect roughly 7% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $157,100 and median rent is $1,066/month.
Prospect's violent crime rate is 242.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 717.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Prospect, OH has a population of 1,267, a median household income of $61,629, and an unemployment rate of 2.9%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Prospect averages 34.0°F in January and 83.7°F in July. Annual rainfall is 39.3 inches
with about 26.3 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Prospect, OH is covered by 1 ZIP code: 43342.
The population of Prospect, Ohio is 1,267 with a median age of 31.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Prospect: cost of living index 93 (100 = US average), median home $157,100, median household income $61,629, crime index 52 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Prospect side by side with your current city to see the trade-offs.
