Prospect, Pennsylvania is a small borough located in Lawrence county with an estimated population of 16052. The 2 bedroom rent in Prospect is $1,050, which is significantly lower than the US average of $1,430. Additionally, Prospect has a Grocery Cost Index of 104 versus the US average of 100, making it a cost-effective place to live. Those considering residing in Prospect may find employment at local companies like Nelco Products Inc., New Castle School of Trades, or Riverview Regional Medical Center. All three are renowned employers in the area and provide many opportunities for individuals with varying skillsets.
Prospect (zip 16052) has an unemployment rate of 6.4%. The US average is 6.0%.
Prospect (zip 16052) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Prospect (zip 16052)
- The Sales Tax Rate for Prospect (zip 16052) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Prospect (zip 16052) is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Prospect (zip 16052)
- The average income of a Prospect (zip 16052) resident is $35,048 a year. The US average is $37,638 a year.
- The Median household income of a Prospect (zip 16052) resident is $74,583 a year. The US average is $69,021 a year.