Prospect Park Borough, New Jersey
Population 5,896

Overview

Housing
Median Home Value
$271,700
Half are $211,600 - $340,400
Median Monthly Owner Costs
$2,407
With a Mortgage
Median Monthly Rent
$1,330
Includes Utilities
Median Year Housing Built
1948
Employment & Commute
Median Household Income
$57,000
Poverty Rate
13%
Unemployment Rate
14.9%
Average Minutes to Work
24
Education
Percent with a High School Diploma
84%
Ages 25+
Percent with a College Degree
19%
Ages 25+
Percent with a Post Grad Degree
3%
Ages 25+
Percent in Public School
94%
Ages 5-17 Enrolled in School
Demographics
Children
24%
Under 18
Young Adult Singles
26%
Ages 18-39
Middle Aged and Married
23%
Ages 40-64
Seniors
8%
Ages 65+

The city of Prospect Park is one of 13 cities in Passaic County. Population records for it begin with the 1910 census. In 1910, the population was recorded as 2719. Prospect Park is a rural city located in northeast New Jersey near the Hudson River.

Prospect Park, NJ is a Place (Borough):
Often referred to as cities, places can be categorized as Census Designated Places (CDP) or legal entities. The places that are legal entities provide governmental functions. CDPs have no governmental authority and exist only for statistical purposes. They are similar to legal entities in that they are a concentrated population identifiable by a name. Neither cross state lines, but may extend across county lines. A CDP may not extend into a legal entity.
Need a wider view? Prospect Park, NJ is a part of the New York, NY Metro Area.

Housing

1948

Median Year Housing was BuiltAll Housing Including Owner/Renter Occupied and Unoccupied

Year Housing was BuiltAll Housing Including Owner/Renter Occupied and Unoccupied

4.1%

Estimated Abandoned Homes

This estimate includes vacant housing that is not for rent, rented, for sale, sold, for seasonal/recreational/occasional use, or for migrant workers.

Number of BedroomsOccupied Housing Units

Total

None
2%
1
8%
2
40%
3
33%
4
14%
5+
4%

Owners

None
0%
1
4%
2
32%
3
39%
4
18%
5+
7%

Renters

None
3%
1
11%
2
47%
3
27%
4
10%
5+
2%
49.2%

Home Ownership PercentageOccupied Housing Units

20

Price to Rent RatioOccupied Housing Units

The price to rent ratio compares home values to rental costs. Values over 20 indicate that it is likely more affordable to rent. Values under 15 indicate that it is likely more affordable to buy. Values between 15 and 20 indicate that extra judgment must be taken when making housing decisions. It is calculated as the median home value divided by the median annual contract rent (ie. rent without additional utilities).

$271,700

Median Owner Occupied Home Value

Owner Occupied Home Values

$2,407

Median Monthly Ownership CostsOwner Occupied Housing Units with a Mortgage

Monthly housing costs include mortgage payments, real estate taxes, insurance, utilities, and condo fees. When comparing to monthly rental costs, be careful to also look at the median number of bedrooms. Owner occupied homes generally include more bedrooms than rentals.

3.3

Estimated Median Bedrooms for OwnersOwner Occupied Housing Units

Owner Occupied Homes by Number of BedroomsOwner Occupied Housing Units

None
0%
1
4%
2
32%
3
39%
4
18%
5+
7%
4.8

Housing Affordability (Median Multiple)

The median multiple is the ratio of median house price by the median annual household income. In other words, how many years would it take for the median income to pay off the median home price? Higher values indicate that the incomes in the area are not high enough to warrant the higher home prices. Anything under 3 is considered affordable while higher values indicate that housing is not affordable.

61%

Housing Cost Burdened Owners

Federally subsidized housing programs set the maximum affordable housing cost at 30% of income. This threshold has become a measure of housing affordability and is intended to make sure that households have enough money to for other needs including food, clothing, transportation, etc. Anyone spending more than 30% of their income on housing is considered house burdened because it becomes difficult to afford many of the other necessities of living.

$1,330

Median Monthly Rent and Utility CostsRenter Occupied Housing Units with Housing Costs

Monthly housing costs include rent and utilities. When comparing to monthly ownership costs, be careful to also look at the median number of bedrooms. Owner occupied homes generally include more bedrooms than rentals.

2.8

Estimated Median Bedrooms for RentersRenter Occupied Housing Units

Rental Properties by Number of BedroomsRenter Occupied Housing Units

None
3%
1
11%
2
47%
3
27%
4
10%
5+
2%
63%

Housing Cost Burdened Renters

Federally subsidized housing programs set the maximum affordable housing cost at 30% of income. This threshold has become a measure of housing affordability and is intended to make sure that households have enough money to for other needs including food, clothing, transportation, etc. Anyone spending more than 30% of their income on housing is considered house burdened because it becomes difficult to afford many of the other necessities of living.

Employment

$57,090

Median Household Income

Household Income

43.5

Household Income Inequality

Income inequality is measured using the Gini coefficient. Lower values indicate that household income is spread evenly across the income groups. Higher values indicate that one income group is much more common than others.

13%

Poverty Rate

Poverty status uses the standards set by the Office of Management and Budget (OMB). If a family's total income is less than a certain threshold, every person in the family is considered to be in poverty. The threshold varies based on family size, composition, and age.

$25,688

Median Annual Individual EarningsPast 12 months for the Population Ages 16+ With Earnings

Annual Individual EarningsPopulation Ages 16+ with Earnings

70%

Unadjusted Gender Pay GapPopulation Ages 16+ with Earnings

The unadjusted gender pay gap is the median indvidiual female earnings as a percentage of male earnings. In other words, women who work in Prospect Park, NJ generally make around 7017% of what men do. Much of that difference is likely due to the number of hours worked (see the Full Time vs Part Time Work chart), occupations chosen (see the Employed by Occupation chart), education, and job experience. Adjusting for each of those factors to see what women with similar qualifications and jobs make compared to men is difficult, but the adjusted pay gap would be more likely to show the difference due to discrimination, difference in ability, or willingness to negotiate pay. For these reasons, differences in the gender pay shown here may be more likely to show the gender ideals in an area than the discriminatory practices. It is also worth noting that the 28% of men and 28% of women ages 16+ that did not have earnings were not included in the calculation.

14.9%

Unemployment RatePopulation Ages 16+ in the Civilian Labor Force

To classify as unemployed, people must not be in the military and must be actively looking for work (also known as the U3 measure of unemployment which is the official unemployment rate). In Prospect Park, NJ, 23% of the population ages 16+ are not employed, but are also not looking for work so they are not considered in the unemployment rate. See the Labor Force Participation Rate for more information.

Unemployment by Education LevelCivilian Population Ages 25-64 in the Labor Force

77%

Labor Force Participation RatePopulation Ages 16+

People in the labor force include those in the armed forces as well as civilians who are employed or classified as unemployed. To classify as unemployed, people must be actively looking for work. Common people that are not considered in the labor force are students, homemakers, retired workers, seasonal workers not currently looking for work, and institutionalized people. In Prospect Park, NJ, 23% of people are neither employed or looking for work.

Full Time vs Part Time WorkPopulation Ages 16-64 Who Worked in the Last 12 Months

Full-time employment is typically considered 35-40 hours per week. With the exception of health care coverage, federal law does not regulate the definition of full time employment for compensation and benefits purposes. The Affordable Care Act (ACA/Obamacare) mandates that all employees working an average of 30 or more hours per week at a large employer must be eligible for health care coverage.

Total

35+ Hours per Week
73%
15-34 Hours per Week
22%
1-14 Hours per Week
5%

Male

35+ Hours per Week
78%
15-34 Hours per Week
18%
1-14 Hours per Week
4%

Female

35+ Hours per Week
69%
15-34 Hours per Week
26%
1-14 Hours per Week
6%

Employed by IndustryFull-time, Year-Round Civilians Ages 16+

Male
Female
Compared to US Avg
High Manufacturing
15%
2%
High Health care and social assistance
1%
14%
Normal Retail trade
3%
7%
High Transportation and warehousing
8%
2%
High Wholesale trade
5%
3%
Normal Educational services
4%
4%
High Accommodation and food services
3%
3%
Low Public administration
1%
3%
High Information
3%
1%
Normal Other services, except public administration
2%
3%
Normal Real estate, rental, leasing
1%
2%
Low Finance and insurance
1%
1%
Low Construction
1%
1%
Low Professional, scientific, and technical services
2%
Low Administrative, support, waste management services
1%
Normal Management of companies and enterprises
1%

Employed by OccupationFull-time, Year-Round Civilians Ages 16+

Male
Female
Compared to US Avg
High Office and administrative support
4%
15%
High Production
10%
2%
High Transportation
8%
1%
Low Sales and related
3%
6%
High Healthcare support
6%
High Material moving
5%
1%
High Food preparation and serving related
2%
3%
High Architecture and engineering
4%
1%
Normal Installation, maintenance, and repair
3%
1%
High Community and social service
1%
3%
Normal Building, grounds cleaning, maintenance
2%
2%
Low Management
2%
1%
Low Education, training, and library
2%
Low Business and financial operations
2%
Low Health diagnosing, treating practitioners, other technical
1%
1%
Normal Personal care and service
2%
Normal Fire fighting and prevention, and other protective service workers including supervisors
2%
Low Construction and extraction
1%
Normal Arts, design, entertainment, sports, and media
1%
Normal Life, physical, and social science
1%
Normal Law enforcement workers including supervisors
1%

Means Of Transportation To WorkWorkers Ages 16+

Car, truck, etc.
88.5%
Public transportation
6.3%
Taxi
0.0%
Bicycle, Walked, or Other Means
4.7%
Worked at Home
0.6%

Public Transit Usage by Poverty StatusWorkers Ages 16+

24

Average Commute Time to WorkIn Minutes for Workers Ages 16+ Who Did Not Work at Home

Travel Time to WorkIn Minutes for Workers Ages 16+ Who Did Not Work at Home

Time Leaving for WorkWorkers Ages 16+ Who Did Not Work at Home

Average Commute by Time Leaving for WorkIn Minutes for Workers Ages 16+ Who Did Not Work at Home

Education

Educational AttainmentPopulation Ages 25+

Less than High School Diploma
16%
High School Graduate
65%
Associate's degree
6%
Bachelor's degree
10%
Master's degree
2%
Professional school degree
1%
Doctorate degree
0%
84%

Percent with a High School DiplomaPopulation Ages 25+

High school diplomas include equivalencies, but do not include those who reported completing grade 12 without a diploma.

19%

Percent with a College DegreePopulation Ages 25+

College degrees include those with an Associate's, Bachelor's, Master's, Professional school, or Doctorate degree.

3%

Percent with a Post Graduate DegreePopulation Ages 25+

Post graduate degrees include those with a Master's, Professional school, or Doctorate degree.

School EnrollmentPopulation Ages 5-17

Not being enrolled in school does not necessarily mean that the student dropped out. Only schools that lead to a high school diploma or college degree are included. Home schoolers were instructed to select private school. Ages 3-4 are not included because preschool programs are not usually mandated by law and only 38% of children in this age range were enrolled in Prospect Park, NJ.

Enrolled in Public School
93.3%
Enrolled in Private School
6.1%
Not Enrolled in School
0.6%
4%

Percent Not Enrolled in SchoolPopulation Ages 16-19 without a High School Diploma

94%

Percent Enrolled in Public SchoolPopulation Ages 5-17 Enrolled in School

Demographics

5,896

Total Population

Historical Population

The historical population of Prospect Park, NJ in each census year since 1790 is derived from census records as well as historical state references. Learn more about the urbanization of the US and historical city populations.

Total Population By Age

Life Stages

Children Under 10
12%
Children 10-17
12%
Young Adult Singles
26%
Middle Aged and Married
23%
Seniors
8%
Other
20%
12%

Children Under 10

12%

Children Ages 10-17

26%

Young Adult Singles (Ages 18-39)

23%

Middle Aged and Married (Ages 40-64)

8%

Seniors (Ages 65+)

Marital Status of MalesPopulation Ages 15+

Marital Status of FemalesPopulation Ages 15+

Household Composition

Single female/male families do not necessarily denote single parent households. Single householders living with siblings, their aging parents, or any other relatives would be included.

Married Couples
42.4%
Single Female Families
31.0%
Single Male Families
7.1%
Householder Living Alone
19.3%
Householder Living with Non-Relative
0.2%

Race and Ethnicity

The Office of Management Budget (OMB) and Census Bureau consider race and ethnicity as two distinct concepts. A person's race and whether they are of Hispanic origing are self reported to the Census Bureau according to which group they most closely identify. In 1997, the OMB revised the racial classification to include categories for two or more races. Because of criticism for treating these as separate questions and because many residents consider race and ethnicity to be the same, the Race and Ethnicity chart below shows those that consider themselves to be Non-Hispanic for each race with those that consider themselves Hispanic as a separate group.

Race

White
67%
Black
21%
American Indian or Alaskan
2%
Asian
3%
Pacific Islander
0%
Other
7%
Two Plus Races
2%

Hispanic and Latino Races

White
82.3%
Black
0.6%
American Indian and Alaskan
3.2%
Asian
0.0%
Pacific Islander
0.0%
Other
12.9%
Two Plus Races
1.0%

Race and Ethnicity

White
22%
Black
20%
American Indian or Alaskan
2%
Asian
3%
Pacific Islander
0%
Other
0%
Two Plus Races
1%
Hispanic
53%

Hispanic and Latino Origins

Mexican
3%
Puerto Rican
31%
Cuban
2%
Dominican
22%
Central American
4%
South American
36%
Other
2%
71

Racial and Ethnic Diversity

The racial and ethnic diversity index measures the probability that any two people chose at random from Prospect Park, NJ are of different races or ethnicities where higher numbers represent more diversity. It was developed by the University of North Carolina and USA Today in 1991 and adapted in 2000 to account for differences in Census questions. It uses the same calculation methods as the Gini Index used by the Census Bureau to determine household income inequality.

Climate

The climate estimates use Prospect Park, NJ weather from 1971 to 2000 at the nearest official weather station which is located at LITTLE FA.

Average Daily Temperatures by Month (°F)

Average Monthly Precipitation (Inches)

Summer High Temps

This weather station's average summer high temps are lower than 57% of other weather stations.

Winter Low Temps

This weather station's average winter low temps are higher than 51% of other weather stations.

Precipitation Levels

This weather station's average precipitation levels are higher than 84% of other weather stations.

Entity Info

PropertySourceValue
State2013 ACSNJ
Summary Level2013 ACS160 (place)
Logical Record Number2010 Census0190656
Logical Record Number2013 ACS0010670
Region2013 ACS1
Division2013 ACS2
State FIPS2013 ACS34
Place FIPS2013 ACS61170
Metro Micro Politan Statistical Area Principal City Indicator2010 CensusN
New England City & Town Area Principal City Indicator2010 CensusN
Name2010 CensusProspect Park borough
Name2013 ACSProspect Park borough, New Jersey
Functional Status Code2010 CensusA
Legal Statistical Area Description Code2013 ACS21
State ANSI2010 Census01779795
Place ANSI2010 Census00885362
Full GEOID2013 ACS16000US3461170
GEOID2013 ACS3461170
Population2010 Census5,865
Population2013 ACS5,896
Housing Units2010 Census1,931
Housing Units2013 ACS1,952
Land Area2013 ACS0.5 square miles
Water Area2013 ACS0.0 square miles
Population Density2013 ACS12,412.4 people per sq. mile
Minimum Bounding Rectangle Or Bounding Box2013 ACS[40.929946,-74.181108], [40.946598,-74.166612],
Centroid Or Center Coordinates2013 ACS40.938059198598, -74.173716976243
FIPS Place Class Code2010 CensusC5
Place Size Code2010 Census13