Apartments for rent in Prospect, KY

A small town in Kentucky, Prospect has a population of just under 5,000. Middle-aged professionals should feel right at home, as they make up an above-average percentage of the community, while young professionals are less well-represented. Overall, the town's residents, at an average age of just over 46, are decidedly older than most cities in Kentucky. Only 6% of residents rent in Prospect, as home ownership is common in the town. With an average rent of $1,184/month, exceeding the state average by $403/month, relatively high rent costs could be a factor in the higher levels of ownership.

Prospect residents have an average commute of about 25 minutes. Many residents (45%) drive their own vehicle to work, while public transit isn't extensively used. A small percentage of commuters walk to work.

There are three primary industries in Prospect: healthcare, scientific, and retail. Combined, these industries make up 27% of the workforce in the town. Meanwhile, in terms of job function, many of the town's residents work in sales, which ranks as the top career path in the town. Prospect workers bring in an average annual income of about $126,000, about $64,000 more than the Kentucky average. The town's average income also compares favorably to the national average of $73,345. Compared to the national average (7%), Prospect has a large concentration of residents older than 25 who have advanced degrees, as 17% possess a Master's degree or a Doctoral degree. Further, 25% possess a Bachelor's degree, which also outpaces the national average.