Mount Prospect, Illinois
Moving to or Living in Mount Prospect Pros and Cons, Cost of Living, Crime Rate, Demographics
Living In Mount Prospect, Illinois
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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.
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.
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%
Poverty
5.8%
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
Mount Prospect Illinois
Gender
| Gender | Mount Prospect | Illinois | Country |
|---|---|---|---|
| Female | 50.3% | 50.9% | 50.8% |
| Male | 49.7% | 49.1% | 49.2% |
Gender
Female Male
Household Income
< $10000 $10K to $15K $15K to $25K $25K to $35K $35K to $50K $50K to $75K $75K to $100K $100K to $150K $150K to $200K $200K or more
| 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
< 9th Grade 9-12th Grade High School or GED Other College Associate Degree Bachelor Degree Masters Degree Professional Degree Doctorate Degree
| 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
Mount Prospect Illinois Country
Education
Mount Prospect Illinois Country
Race / Ethnicity
White African American American Indian Asian Hispanic Hawaiian Mixed Other
| 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
Mount Prospect Illinois Country