Median Income
$76,333
household / year
Median Home Value
$140,600
owner-occupied
Median Rent
$933
gross / month
Cost of Living
94
national avg = 100

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: 94.4

Prospect'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.

MetricProspect, PA
Average High — January34.3°F
Average High — July81.7°F
Annual Precipitation43.2"
Annual Snowfall34.9"

Demographics

MetricProspect, PANational Avg
Population946
Median Age50.338.9
Unemployment Rate4.0%3.7%
Avg Commute Time30.5 min26 min
White (non-Hispanic)95.5%59.3%
Black or African American0.0%13.6%
Hispanic or Latino2.2%18.9%
Asian1.0%6.3%
Under 1811.7%22.2%
65 and over20.2%16.8%

Nearby Cities

ZIP Codes in Prospect

Prospect, PA is covered by 1 ZIP code:

Prospect vs Other Cities

Frequently Asked Questions

Prospect's cost of living index is 94, where 100 is the national average. That makes Prospect roughly 6% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $140,600 and median rent is $933/month.
Crime data for Prospect is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
Public schools in Prospect are operated by Slippery Rock Area SD. The district has 2 elementary, 1 middle, and 1 high schools. The student-to-teacher ratio is 12.1:1. 20.6% of adults 25+ hold a bachelor's degree or higher.
Prospect, PA has a population of 946, a median household income of $76,333, and an unemployment rate of 4.0%. 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 34.3°F in January and 81.7°F in July. Annual rainfall is 43.2 inches with about 34.9 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Prospect, PA is covered by 1 ZIP code: 16052.
The population of Prospect, Pennsylvania is 946 with a median age of 50.3. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Prospect: cost of living index 94 (100 = US average), median home $140,600, median household income $76,333, schools rated B. 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.