2025 Compare Cities Economy:
South Lyon, MI vs Prospect, KY

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Highlights
- Household income in Prospect, is 103% more than it is in South Lyon and is 57% above the National Average.
- South Lyon unemployment rate is 3.5%.
- Prospect unemployment rate is 5.0%.
 South Lyon, MIProspect, KYUnited States
 Unemployment Rate  Unlock5.0%6.0%
 Recent Job Growth  Unlock1.5%1.6%
 Future Job Growth38.0%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$45,627  Unlock$37,638
 Household Income  Unlock$160,960$69,021
 Family Median Income$114,840  Unlock$85,028
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 Est. Households By Income
 South Lyon, MIProspect, KYUnited States
 Income Less Than 15K  Unlock0.5%9.4%
 Income between 15K and 20K3.9%  Unlock3.8%
 Income between 20K and 30K  Unlock2.1%8.1%
 Income between 30K and 40K6.4%  Unlock8.0%
 Income between 40K and 50K  Unlock4.2%7.6%
 Income between 50K and 60K6.6%  Unlock7.2%
 Income between 60K and 75K  Unlock9.2%9.6%
 Income between 75K and 100K12.2%  Unlock12.8%
 Income between 100K and 150K  Unlock11.1%16.3%
 Income between 150K and 200K11.0%  Unlock7.8%
 Income greater than 200K  Unlock37.9%9.5%
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 Population By Occupation
 South Lyon, MIProspect, KYUnited States
 Management, business, finance21.5%  Unlock16.4%
 Engineering, computers, science  Unlock4.9%6.5%
 Community, social services2.9%  Unlock1.8%
 Legal  Unlock9.6%1.2%
 Education, library4.4%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.1%2.0%
 Healthcare practitioners and technology9.8%  Unlock6.2%
 Healthcare support  Unlock0.0%3.3%
 Firefighters, law enforcement2.9%  Unlock2.1%
 Food preparation, serving  Unlock0.4%5.4%
 Building maintenance1.2%  Unlock3.6%
 Personal care  Unlock1.5%2.6%
 Sales, office, administrative support20.2%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair8.1%  Unlock8.1%
 Production, transportation, material moving  Unlock2.0%13.1%
Reviews for South Lyon    4 Reviews

Michigan is a beautiful state with great parks and fantastic lakes. Surrounded on three sides by water and with consistent precipitation year-round, there is potential  More

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Over 15 years ago

This fall has been beautiful with lots of sun, Fall in SE Michigan is beautiful in general, it is one of the things I love the most about living here. Winter isn't so  More

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We are looking to move because although you get 4 seasons here, the winter is too long and weather tends to be extreme. I took a college class which confimed that the  More

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Reviews for Prospect    3 Reviews

Over 17 years ago

Although housing is more expensive than most other cities in Kentucky, as are the real estate taxes it is worth it for the piece of mind and the great schools. Otherwise  More

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Quick response to what was posted. I would say her post is inaccurate except for the part about taxes. People are friendlier and more laid back than the people up  More

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Everything is relative as the saying goes, but we transplanted here from Germantown, TN (which we loved)to Prospect, KY (suburb of Louisville). We find the people are  More

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