States › Pennsylvania › Prospect Park

Is Prospect Park, PA expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,30526% lower than U.S. average
💵 Families earn per year (2026)$68,029about $5,669/month · 22% lower than U.S. average
🔑 House price$244,60026% lower than U.S. average

Rent is lower than in 69% of U.S. cities. A typical house costs about 3.6 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $52,200 a year. That is $25 an hour at a full-time job.

Is rent cheaper than other Pennsylvania cities?

Yes. Rent here is cheaper than in most of Pennsylvania. It is number 124 of 269 cities from cheapest to most expensive.

Prospect Park
$1,305
Blue Bell
$3,500+
Sierra View
$1,379
Paoli
$2,803
Red Lion
$975
West View
$981
Enola
$1,842

How much do households earn in Prospect Park?

Under $25k
15.3%
$25k–50k
25.4%
$50k–100k
31.6%
$100k–150k
12.9%
$150k+
11.6%

Share of households by yearly income. 24.4% of households earn $100,000 or more.

Rent by apartment size in Prospect Park

SizeProspect ParkU.S. average
1 bedroom$1,153$1,324
2 bedrooms$1,516$1,509
3 bedrooms$2,803$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Prospect Park overall?

Everyday prices in Pennsylvania overall are 2% below the U.S. average (index 97.6, U.S. = 100).

Housing
85
Goods (food, clothes…)
99
Utilities
109
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Prospect Park, so the Pennsylvania figure is shown.

Taxes and bills in Prospect Park

🏛️ Property tax$5,341a year · 2.18% of home value · U.S. $3,119
⚡ Electric bill$142a month (typical) · U.S. $156

Life in Prospect Park

Commute to work22.2 minU.S.: 26.4 min
College degree22.9%U.S.: 35.7%
Own their home58%U.S.: 65.2%
Below poverty line9.2%U.S.: 12.5%
Unemployment6.6%U.S.: 5.2%

Is it cheaper to rent or buy in Prospect Park?

Renting is cheaper right now: about $392 a month less.

Renting
$1,305
Owning
$1,697

Owning assumes a typical $244,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,460 for the down payment.

Frequently asked questions

What is the average rent in Prospect Park, PA?

Renting in Prospect Park costs a median of about $1,305 a month in 2026, including utilities. The Pennsylvania median is $1,367.

How much do I need to make to live in Prospect Park?

To keep rent under 30% of income, you need about $52,200 a year, or $25 an hour at a full-time job.

Is Prospect Park cheap or expensive?

Prospect Park is rated OK: rent takes 23.0% of the typical household income of $68,029. It ranks 124th cheapest of 269 Pennsylvania cities we track.

How much are property taxes in Prospect Park?

The median homeowner in Prospect Park pays $5,341 a year in property taxes, about 2.18% of the median home value.

Is Prospect Park more expensive than the national average?

Overall prices in Pennsylvania are 2% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Prospect Park?

The median home value in Prospect Park is $244,600, about 3.6 times the typical yearly household income.

6,417 people live in Prospect Park. Numbers are typical (middle) values.