Everything You Should Know Before Moving to Mount Prospect, IL
Thinking of relocating to Mount Prospect, IL? This vibrant suburb boasts a population of 54,684, moderate home prices around $355,000, and affordable rents averaging $1,425. Residents enjoy low violent crime (86 per 100k), short average commutes of 29 minutes, and strong educational opportunities with 43% holding a bachelor’s or higher. With a mix of sunny days, accessible healthcare, and convenient public transport, Mount Prospect is a welcoming choice for families and professionals alike.
Demographics - Mount Prospect, IL
Demographics - Mount Prospect, IL
Mount Prospect is home to about 54,684 residents with a population density of 5,400 per square mile, offering a diverse community where nearly 30% speak a language other than English. The median age of 41.2 reflects a balanced mix of families and professionals, and the city features a vibrant blend of White, Asian, and other ethnic groups.
Population:
54,684
Density:
5,400 per sq mi
Median Age:
41.2
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
29.5%
Ethnic Composition
White:
66.8%
Black:
2.7%
Asian:
15.2%
Others:
15.3%
Cost Of Living
What is the average cost of living in Mount Prospect, IL?
The cost of living index in Mount Prospect is slightly above the national average at 112, driven by median home values around $355,000 and average rents of $1,425. Residents benefit from moderate utility costs, stable state income tax rates, and reasonable grocery and healthcare expenses, making it a comfortable suburb for both homeowners and renters.
Median House Value:
$355,000
Gross Rent:
$1,425
Monthly Electricity Charges:
$110
Auto Insurance:
$1,340
House Owner Cost With Mortgage:
$2,030
House Owner Cost Without Mortgage:
$680
State Taxes:
Low:
4.95%
|
High:
4.95%
Cost Of Living Index:
112
Grocery:
105
Housing:
110
Utilities:
104
Transportation:
108
Health Care:
102
Miscellaneous:
100
Crime
Is Mount Prospect, IL a safe place to live?
Mount Prospect offers a safe environment, with a low violent crime rate of 86 per 100,000 residents and a property crime rate of 1,070 per 100,000. The odds of experiencing violent crime are about 1 in 1,163, which is well below national averages and appealing for families seeking peace of mind.
Violent Crimes Per 100k:
86
Property Crimes Per 100k:
1,070
Crime Index:
1,156
Chance Of Violent Crime:
1 in 1,163
Chance Of Property Crime:
1 in 93
Weather
What is the weather like in Mount Prospect, IL year-round?
Residents experience all four seasons, with cold winters averaging 16°F to 32°F and warm summers from 62°F to 84°F. The city enjoys about 54% sunny days and receives nearly 37 inches of annual rainfall, providing a comfortable climate for year-round outdoor activities.
Winter
Min:
16°F
Max:
32°F
Spring
Min:
38°F
Max:
62°F
Summer
Min:
62°F
Max:
84°F
Fall
Min:
41°F
Max:
65°F
Average Rainfall Inches:
36.7 inches
Sunny Days Percentage:
54%
Neighbors
Mount Prospect’s neighborhoods are affluent and well-educated, with a median household income of $94,600 and 43% of adults holding a bachelor's degree or higher. The area enjoys a low unemployment rate of 3.7%, minimal poverty, and a strong sense of community diversity with nearly 30% non-English speakers.
Median Income:
$43,850
Household Income:
$94,600
Family Income:
$108,100
Per Capita Income:
$43,700
Income Male:
$55,000
Income Female:
$42,000
Poverty Rate:
7.5%
Non English Speakers:
29.5%
Rent:
$1,425
Unemployment Rate:
3.7%
Public Transport Usage:
12.8%
Commute Time:
29.3 minutes
Education
High School or Higher:
92.3%
Bachelors or More:
43.1%
Education
How are the schools in Mount Prospect, IL?
Mount Prospect offers strong educational opportunities, featuring reputable public schools like Prospect High School and Lincoln Middle School with favorable student-teacher ratios. Families also have access to private school options and are close to Harper College, a well-regarded community college just seven miles away.
Public Schools
Name:
Prospect High School
Street:
801 W Kensington Rd
Phone:
847-718-5200
Students:
2,100
Student Teacher Ratio:
15.7
Name:
Lincoln Middle School
Street:
700 W Lincoln St
Phone:
847-394-7350
Students:
800
Student Teacher Ratio:
14.2
Private Schools
Name:
St. Raymond School
Street:
300 S Elmhurst Ave
Phone:
847-253-8555
Students:
350
Colleges
Name:
Harper College
City:
Palatine
State:
IL
Distance:
7 miles
Students:
13,500
Healthcare
Residents have access to quality healthcare, including major hospitals like Northwest Community Hospital and Advocate Lutheran General Hospital nearby. With 2.6 physicians per 1,000 people and over 94% health insurance coverage, healthcare services are comprehensive and accessible.
Major Hospitals
Name:
Northwest Community Hospital
Address:
800 W Central Rd, Arlington Heights, IL 60005
Phone:
(847) 618-1000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Advocate Lutheran General Hospital
Address:
1775 Dempster St, Park Ridge, IL 60068
Phone:
(847) 723-2210
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.6
Health Insurance Coverage:
94.1%
Health Care Index:
78.2
Housing Market
What is the housing market like in Mount Prospect, IL?
The housing market in Mount Prospect is stable, with a median home price of $355,000 and 71% of residents owning their homes. Rental vacancy rates are low at 4.6%, and home values have appreciated by 4.4% over the past year, reflecting a healthy and appealing real estate market.
Median Home Price:
$355,000
Average Rent For 2 Bedroom:
$1,425
Owner Occupied Rate:
70.8%
Rental Vacancy Rate:
4.6%
Home Appreciation Rate (1yr):
4.4%
New Construction Rate:
1.3%
Foreclosure Rate:
0.4%
DMV Information
Local DMV services are provided by the Illinois Secretary of State Driver Services Facility located in Elk Grove Village, just a short drive from Mount Prospect. Residents can access licensing, registration, and other vehicle services at this convenient location or online through the state website.
State:
Illinois
Department:
Illinois Secretary of State Driver Services Facility
Address:
650 Roppolo Dr, Elk Grove Village, IL 60007
Phone:
1-800-252-8980
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.