Mount Prospect, Illinois

Moving to or Living in Mount Prospect Pros and Cons, Cost of Living, Crime Rate, Demographics

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

Explore the life in Mount Prospect based on crime, public schools, cost of living, real estate, housing, properties, job opportunities, and local amenities data and Statistics.

  1. Overview - Life In Mount Prospect
  2. Pros and Cons of Living In Mount Prospect
  3. Crime In Mount Prospect
  4. Cost of Living In Mount Prospect
  5. Gender In Mount Prospect
  6. Household Income For Mount Prospect
  7. Education In Mount Prospect
  8. Race & Ethnicity In Mount Prospect
About Mount Prospect, Illinois
Is Mount Prospect, Illinois a good place to live?
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.

A high school education is a basic prerequisite for most jobs, and in Mount Prospect, only 90% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Mount Prospect remained 3.5%, which is 26% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Mount Prospect, only 44% of adults have a bachelor's degree and 24% have some college but no degree.

Cost of living in Mount Prospect is 121, which is 21% higher than national average. 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.
Population
54165
Unemployment
3.5%
26% NAT AVG.
Poverty
5.8%
59% NAT AVG.
Overall Score
9
Median Home
$332100
45% NAT AVG.
Median Income
$84353
25% NAT AVG.
Median Rent
$1172
1% NAT AVG.
Cost Of Living
121
21% NAT AVG.
People Living BPL
1 in 17
Unemployed People
1 in 29
People Earning < $10,000
1 in 26
People Earning < $50,000
30%
People with <= High School
1 in 3.1
People With Any Degree
1 in 2
Pros & Cons Overview

Jobs85%

Housing85%

Affordability70%

Safety95%

Amenities95%

Diversity85%

Education80%

Commute50%


Cost of Living
Expense Mount Prospect Illinois National Avg.
Services 113 95 100
Groceries 105 97 100
Health 100 99 100
Housing 144 96 100
Transportation 114 105 100
Utilities 95 94 100
Cost of Living
Gender
Gender Mount Prospect Illinois Country
Female 50.3% 50.9% 50.8%
Male 49.7% 49.1% 49.2%
Gender

Household Income


Income Mount Prospect Illinois Country
Less than $10,000 3.8% 6.1% 5.8%
$10,000 to $14,999 2.7% 3.7% 4.1%
$15,000 to $24,999 7.2% 8.1% 8.5%
$25,000 to $34,999 6% 8.1% 8.6%
$35,000 to $49,999 10.3% 11.2% 12.0%
$50,000 to $74,999 15.9% 16.7% 17.2%
$75,000 to $99,999 13% 12.9% 12.8%
$100,000 to $149,999 20.6% 16.6% 15.6%
$150,000 to $199,999 9.8% 7.8% 7.1%
$200,000 or more 10.7% 8.8% 8.3%
Education


Education Mount Prospect Illinois Country
< 9th Grade 5% 5% 5.0%
9-12th Grade 5% 6% 7.0%
High School or GED 22% 26% 27.0%
Other College 18% 20% 20.0%
Associate's Degree 6% 8% 9%
Bachelor's Degree 30% 22% 20.0%
Master's Degree 11% 10% 9.0%
Professional Degree 2% 2% 2.0%
Doctorate Degree 1% 1% 1.0%
Household Income
Education
Race / Ethnicity


Ethnicity Mount Prospect Illinois Country
White 66.7% 60.8% 60.1%
African American 3.2% 13.9% 12.2%
American Indian 0.4% 0.1% 0.6%
Asian 12.9% 5.5% 5.6%
Hawaiian 0% 0% 0.2%
Other 0.1% 0.2% 0.3%
Multiracial 2.2% 2.2% 2.8%
Hispanic 14.6% 17.2% 18.2%
Race / Ethnicity