Cost of Living in Prospect, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.5
100 = national avg
-24.5 vs national average
Living Wage (1 Adult)
$33,233
per year
Living Wage (Family of 4)
$78,550
per year
Cost Index by Category
Housing68.8
Food85.5
Transportation70.9
Healthcare88.4
Utilities85.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$926
per month
2 Bedroom
$1,172
per month
The overall cost of living index in Prospect is 75.5, which is 24.5% below the national average. Housing costs are below the national average at an index of 68.8. A single adult needs to earn approximately $33,233 per year to cover basic expenses.