Prospect Park borough, New Jersey Demographics & Population 2026
As of 2026, Prospect Park borough, New Jersey has a total population of 6,286, the 246th largest city in New Jersey, with a median household income of $48,615, which is 52% lower than the state average. The poverty rate is 24.9%.
Key Takeaways
- Household income is 52% below the state average, indicating significant economic challenges.
- Housing affordability is a challenge — homes cost 8.1x the median household income.
- Unemployment rate of 8.2% is notably above the national average.
Prospect Park borough Quick Facts
How Prospect Park borough Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 65 | National average: 60
Education
Educational Attainment (Adults 25+)
Prospect Park borough Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Passaic County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Paterson city | 157,660 | $53,766 | 23.6% | $335,400 |
| Clifton city | 89,247 | $99,003 | 7.4% | $444,300 |
| Passaic city | 69,651 | $56,780 | 23.1% | $406,500 |
| Hawthorne borough | 19,472 | $118,093 | 5.1% | $499,200 |
| Woodland Park borough | 13,284 | $85,638 | 6.1% | $475,400 |
| Ringwood borough | 11,600 | $142,529 | 2.4% | $434,800 |
| Wanaque borough | 11,162 | $112,326 | 5.9% | $366,400 |
| Pompton Lakes borough | 11,010 | $119,038 | 9.7% | $411,100 |
| Totowa borough | 10,919 | $114,177 | 3.8% | $507,700 |
| Haledon borough | 8,936 | $94,178 | 9.3% | $347,700 |
Cities Similar to Prospect Park borough
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Leisure Village CDP | 6,307 | $42,705 | $127,000 | 24.1% | 39.2% |
| Paulsboro borough | 6,213 | $68,750 | $169,400 | 21.3% | 12.7% |
| Wildwood city | 5,140 | $51,996 | $361,200 | 15.1% | 18.1% |
| Salem city | 5,315 | $40,650 | $69,300 | 12.7% | 31.2% |
| Mays Landing CDP | 6,178 | $80,777 | $236,500 | 35.8% | 3.2% |
Population Overview
Prospect Park borough is a small city located in New Jersey, within Passaic County. The total population is 6,286. It ranks as the 246th most populous out of 700 cities and towns in New Jersey.
Age Demographics
The median age in Prospect Park borough is 35.4 years. This is 12% lower than the state median of 40.1 years. With 28.7% of the population under 18, Prospect Park borough has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Prospect Park borough is $48,615. This is 52% lower than the state median of $101,050. Compared to the national median of $78,538, household income here is 38% lower. The poverty rate stands at 24.9%. This is 154% higher than the state poverty rate of 9.8%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 8.2%. This is 33% higher than the state rate of 6.2%. The median home value is $391,500. Housing costs are 8% lower than the state median of $427,600. The home-value-to-income ratio of 8.1x suggests that housing affordability is a significant concern for many residents. 40.2% of occupied housing units are owner-occupied. This homeownership rate is 37% lower than the state average of 63.7%.
Race & Ethnicity
The largest racial or ethnic group in Prospect Park borough is Hispanic or Latino, making up 63.7% of the population. White (non-Hispanic) residents account for 15.9%. The White (non-Hispanic) population (15.9%) is well below the state average of 51.9%. The Hispanic or Latino population is significantly higher than the state average (63.7% vs 21.9%). The Asian population (3.6%) is well below the state average of 9.8%.
Education
24.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 43% lower than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.7%.
Data Sources & Methodology
All demographic data for Prospect Park borough, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Prospect Park borough, New Jersey?
Prospect Park borough, New Jersey has a population of 6,286 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Prospect Park borough, NJ?
The median household income in Prospect Park borough is $48,615, which is 38% lower the national median of $78,538.
What is the poverty rate in Prospect Park borough, NJ?
The poverty rate in Prospect Park borough is 24.9%. This means approximately 1,547 residents live below the federal poverty line.
What is the racial makeup of Prospect Park borough, New Jersey?
Prospect Park borough's population is 15.9% White, 14.3% Black, 63.7% Hispanic/Latino, and 3.6% Asian.
What is the median home value in Prospect Park borough, NJ?
The median home value in Prospect Park borough is $391,500. The home-value-to-income ratio is 8.1x.
How educated is Prospect Park borough, New Jersey?
24.4% of adults (25+) in Prospect Park borough hold a bachelor's degree or higher, and 10.2% hold a graduate or professional degree.