Pros and Cons of Living In Mount Prospect, Illinois. Is Mount Prospect, IL a Nice Place To Live or Retire?

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Mount Prospect, Illinois

Moving to Mount Prospect In Illinois ? Is Mount Prospect, IL a Nice Place To Live? Pros and Cons of Living in Mount Prospect, Illinois. Find out the best and worst about to live, raise a family or retire in Mount Prospect.

DEMOGRAPHICS

Population
54165
Unemployment
3.5%
26% NAT AVG.
Poverty
5.8%
59% NAT AVG.
Cost Of Living
121
21% NAT AVG.

ECONOMICS

Median Home Cost
$332100
45% NAT AVG.
Median Income
$84353
25% NAT AVG.
Median Rent
$1172
1% NAT AVG.
Overall Score
9

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 17
Unemployed People
1 in 29
People Earning < $10,000
1 in 26
People Earning < $50,000
30%
People With Any Degree
1 in 2

ETHNICITY

Ethnicity Mount Prospect USA
White 66.7% 60.1%
African American 3.2% 12.2%
American Indian 0.4% 0.6%
Asian 12.9% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.2% 2.8%
Hispanic 14.6% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Mount Prospect USA
Less than $10,000 3.8% 5.8%
$10,000 to $14,999 2.7% 4.1%
$15,000 to $24,999 7.2% 8.5%
$25,000 to $34,999 6% 8.6%
$35,000 to $49,999 10.3% 12.0%
$50,000 to $74,999 15.9% 17.2%
$75,000 to $99,999 13% 12.8%
$100,000 to $149,999 20.6% 15.6%
$150,000 to $199,999 9.8% 7.1%

EDUCATION

Education Mount Prospect USA
< 9th Grade 5% 5.0%
9-12th Grade 5% 7.0%
High School or GED 22% 27.0%
Other College 18% 20.0%
Associate's Degree 6% 9%
Bachelor's Degree 30% 20.0%
Master's Degree 11% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 1% 1.0%
Mount Prospect is a city in Illinois state in USA with a population of 54165 residents.. The poverty rate of Mount Prospect is 5.8%, which is 59% lower than national average. The typical household in Mount Prospect earns $84353 a year, compared to the national median of $67,500. Nearly 30% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Mount Prospect remained 3.5%, which is 26% lower than national rate.

Cost of living in Mount Prospect is 121, which is 21% higher than national average. In Mount Prospect, only 44% of adults have a bachelor's degree and 24% have some college but no degree. Median home value in Mount Prospect is $332100 , which is 45% higher than national average. While median income in Mount Prospect remained $84353, which is 25% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Mount Prospect Scorecard

Jobs85%

Housing85%

Affordability70%

Safety95%

Amenities95%

Diversity85%

Education80%

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