The Borough of Prospect Park had a population of 5,808 as of July 1, 2020. Prospect Park ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.
The primary coordinate point for Prospect Park is located at latitude 40.937 and longitude -74.1743 in Passaic County. The formal boundaries for the Borough of Prospect Park encompass a land area of 0.48 sq. miles and a water area of 0 sq. miles. Passaic County is in the Eastern time zone (GMT -5). The elevation is 233 feet.
The Borough of Prospect Park (GNIS ID: 885362) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
|Total Population||5,808 (100%)|
|Population in Households||5,806 (100.0%)|
|Population in Families||5,174 (89.1%)|
|Population in Group Quarters1||2 ( 0.0%)|
|Median Household Income||$64,245|
|Average Household Income||$81,179|
|% of Income for Mortgage4||18%|
|Per Capita Income||$24,670|
|Total HU (Housing Units)||1,933 (100%)|
|Owner Occupied HU||784 (40.6%)|
|Renter Occupied HU||981 (50.8%)|
|Vacant Housing Units||168 ( 8.7%)|
|Median Home Value||$269,880|
|Average Home Value||$275,893|
|Housing Affordability Index3||91|
|Average Household Size||3.29|
|Average Family Size||4|
GROWTH RATE / YEAR
|Median Household Income||2.52%|
|Per Capita Income||2.42%|
|Owner Occupied HU||0.18%|
The table below compares Prospect Park to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 244||55th|
|Population Density||# 19||97th|
|Median Household Income||# 427||22nd|
|Housing Affordability Index||# 109||20th|
|Per Capita Income||# 512||6th|
|Diversity Index||# 14||98th|
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.