Commute
High scores in the commute category could indicate that this area offers short commute times to work and readily available public transportation options.
Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Ratings
Local residents have positive feedback regarding the convenience of amenities, parks, public transit, the friendliness of neighbors, the strong sense of community, and the overall safety of the area.
Cost Of Living
Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.
Mount Prospect is a medium-sized city located in the state of Illinois. The city has a population of 54,165 residents. Mount Prospect has a population density of 5,053 people per square mile. This would be considered well above the national population density level. If we look at the most recent Census, Mount Prospect is known to have a predominantly White population. The next two most common races are Asian and Black. Something to be aware of when living in Mount Prospect are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 30 minutes, this comes in much higher than the national average of 26 minutes.
Whether you’re relocating to a new town to be closer to family, friends or for a new job, living in Mount Prospect could be a positive experience compared to other cities in Illinois if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Mount Prospect and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, cost of living, commute, you will see a detailed breakdown of the most important information as well as comparisons to the Illinois and national averages.
With a livability score of 83 out of 100, Mount Prospect is ranked #710 in the United States and #35 in Illinois. This is a great score, as Mount Prospect ranks well in multiple categories! Mount Prospect has also earned the rare honor of ranking in the top 10 percentile among all cities. There are nine total categories that create the livability score. Mount Prospect ranks well for crime (A+), employment (A+) and housing (A-) There is at least one category that does not have great scores in Mount Prospect. The following was graded with a less than perfect score: cost of living (F).
Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 70 crimes per 100,000 residents, which signifies that Mount Prospect boasts an impressively low violent crime rate that falls well below the national average.
The Mount Prospect unemployment rate of 2.34% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Mount Prospect market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Mount Prospect. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Mount Prospect are affordable. The median home price for Mount Prospect homes is $332,100, which is 90% higher than the Illinois average. If we take a closer look at the affordability of homes in Mount Prospect, we’ll see that the home price to income ratio is 3.9, which is 30% higher than the Illinois average.
| Statistic | Mount Prospect | Illinois | National |
| Average one way commute | 30min | 29min | 26min |
| Workers who drive to work | 75.3% | 73.4% | 76.4% |
| Workers who carpool | 6.0% | 8.3% | 9.3% |
| Workers who take public transit | 7.7% | 9.2% | 5.1% |
| Workers who bicycle | 0.3% | 0.6% | 0.6% |
| Workers who walk | 1.5% | 3.1% | 2.8% |
| Working from home | 7.5% | 4.4% | 4.6% |
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