Prospect — Financial Data

488 Population FY 2023

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for Louisiana and Prospect.

Component	Summary	Effective	Coverage	Sources
LA state individual income tax	Louisiana individual income tax is a flat 3% for taxable periods beginning on or after January 1, 2025.	Tax periods beginning January 1, 2025.	Rate missing	Louisiana income-tax reform FAQ on individual rates
LA sales and use tax (state base)	Louisiana state sales tax rate is 5% as of January 1, 2025; local sales taxes are additional.	Effective January 1, 2025.	Rate missing	Louisiana sales tax rate FAQ; Louisiana general sales and use tax
LA property tax policy (parish assessment with state oversight)	Louisiana taxable property is generally assessed by parish assessors under Louisiana Tax Commission supervision, while public service property is directly assessed by the Tax Commission.	Current Louisiana statutory framework (as accessed April 18, 2026).	Needs review	Louisiana RS 47:1957 listing and assessing property

Community Profile

Census Bureau ACS 5-year estimates

4.7% Poverty Rate 2023

14.6% Bachelor's+ Rate 2023

0.0% Unemployment Rate 2023

100.0% Homeownership Rate 2023

Median Household Income

$46,313 (2022)

2010 2022

Per Capita Income

$25,400 (2023)

2010 2023

Median Home Value

$167,900 (2023)

2010 2023

Median Gross Rent

$785 (2018)

2010 2018

Median Age

47.2 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.3 (2023)

2010 2023

Financial Documents (13)

Year	Title	Type
2023	Prospect Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	Prospect Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5
2021	Prospect Census ACS 5-Year Estimates 2021	US_CENSUS_ACS5
2019	Prospect Census ACS 5-Year Estimates 2019	US_CENSUS_ACS5
2018	Prospect Census ACS 5-Year Estimates 2018	US_CENSUS_ACS5

Governance & Structure

Governance Structure

School Details

Not applicable for this entity type.