Is Prospect, PA a Good Place to Live?
Prospect is a small town of 946 in Pennsylvania, with a median household income of $76,333 and a 4.0% unemployment rate. Its cost of living index is 94 (US average = 100), which is 6% below the national average.
Strengths: Prospect stands out for an affordable cost of living, below-average home prices, solid school ratings (B).
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: 94.4Prospect's overall cost of living index is 94.4, where 100 represents the US national average. Living in Prospect costs roughly 6% less than the average American city.
| Metric | Prospect, PA | National Avg |
|---|---|---|
| Median Home Value | $140,600 | $244,900 |
| Median Monthly Rent | $933 | $1,163 |
| Homeownership Rate | 87.0% | 65.9% |
| Median Household Income | $76,333 | $74,755 |
Crime & Safety
Crime data for Prospect is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.
Schools & Education
Prospect is served primarily by Slippery Rock Area SD. The student-to-teacher ratio is 12.1:1 (better than the national average of ~16:1).
| Metric | Prospect, PA | National Avg |
|---|---|---|
| School District | Slippery Rock Area SD | — |
| Elementary Schools | 2 | — |
| Middle Schools | 1 | — |
| High Schools | 1 | — |
| Student/Teacher Ratio | 12.1:1 | 16:1 |
| Bachelor's Degree or Higher | 20.6% | 35.4% |
| High School Diploma or Higher | 98.0% | 91.1% |
Weather & Climate
Prospect sees average highs of 34.3°F in January and 81.7°F in July, with 43.2 inches of annual precipitation and 34.9 inches of snow per year.
| Metric | Prospect, PA |
|---|---|
| Average High — January | 34.3°F |
| Average High — July | 81.7°F |
| Annual Precipitation | 43.2" |
| Annual Snowfall | 34.9" |
Demographics
| Metric | Prospect, PA | National Avg |
|---|---|---|
| Population | 946 | — |
| Median Age | 50.3 | 38.9 |
| Unemployment Rate | 4.0% | 3.7% |
| Avg Commute Time | 30.5 min | 26 min |
| White (non-Hispanic) | 95.5% | 59.3% |
| Black or African American | 0.0% | 13.6% |
| Hispanic or Latino | 2.2% | 18.9% |
| Asian | 1.0% | 6.3% |
| Under 18 | 11.7% | 22.2% |
| 65 and over | 20.2% | 16.8% |
Nearby Cities
ZIP Codes in Prospect
Prospect, PA is covered by 1 ZIP code: