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Mount Prospect, IL
Full City Profile · Illinois · Lake County County
3.9
/5.0
B+
Good
55,648
Population
5,191/sq mi density
$103,911
Median Income
$48,113 per capita
$377,000
Home Value
$420,998 Zillow
$1,454
Median Rent
29.1% income on rent
51°F
Avg Temperature
260 sunny days/yr
54
Violent Crime/100K
858 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$103,911 median income, 2.4% unemployment
A+
Affordability
4.6 / 5.0
$377,000 home value, $1,454/mo rent
F
Safety
1.0 / 5.0
54 violent crimes/100K
A+
Education
4.9 / 5.0
48.6% bachelor's degree or higher
Income Overview
Median Household Income
$103,911
38% above
US avg: $75,149
Per Capita Income
$48,113
23% above
US avg: $39,052
Unemployment Rate
2.4%
33% below
US avg: 3.6%
Poverty Rate
4.3%
65% below
US avg: 12.4%
Income Comparison: Mount Prospect vs. U.S. Average
Each bar shows Mount Prospect’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$103,911
138%
Per Capita
US: $39,052
$48,113
123%
IRS Avg AGI
US: $72,000
$143,679
200%
Avg Weekly Wage
US: $1,432
$1,751
122%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,751
22% above US avg ($1,432)
Mean Commute Time
27 min
2% below US avg (28 min)
Work From Home
15.8%
4% above US avg (15.2%)
Drive Alone
69.9%
4% below US avg (73.2%)
Public Transit
4.3%
14% below US avg (5.0%)
County GDP
$82,869M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
69.9%
Public Transit
4.3%
Work From Home
15.8%
Other
10%
Average commute time
27 minutes
US avg: 28 min
Business Landscape
Total Establishments
19,967
Restaurants
1,607
Healthcare
2,211
Retail
2,099
Manufacturing
811
Tax & Financial
IRS Avg Adjusted Gross Income
$143,679
100% above US avg ($72,000)
Avg Property Tax
$13,960
299% above US avg ($3,500)
Cost of Living Index
100.0
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $103,911 |
| Per Capita Income | $48,113 |
| IRS Avg Adjusted Gross Income | $143,679 |
| Avg Weekly Wage | $1,751 |
| County GDP | $82,869M |
Hardship Indicators
| Unemployment Rate | 2.4% |
| Poverty Rate | 4.3% |
| Gini Coefficient | 0.479 |
| Cost of Living Index | 100.0 |
Commute
| Mean Commute | 27 minutes |
| Drive Alone | 69.9% |
| Public Transit | 4.3% |
| Work From Home | 15.8% |
Businesses
| Total Establishments | 19,967 |
| Restaurants | 1,607 |
| Healthcare | 2,211 |
| Retail | 2,099 |
| Manufacturing | 811 |
Tax
| IRS Avg AGI | $143,679 |
| Avg Property Tax | $13,960 |