Cost of Living: Chicago, IL vs Mount Prospect, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,227/mo in Chicago, IL versus $4,227/mo in Mount Prospect, IL. In the model, rent is about 20.28% of gross in Chicago, IL versus 21.19% in Mount Prospect, IL, so Chicago, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Chicago, IL and Mount Prospect, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Chicago, IL
- Lower rent (median 1BR/2BR): Chicago, IL
- Lower home prices: Chicago, IL
- Higher median household income: Mount Prospect, IL
Cost of Living Index
Chicago, IL: 98.3 (U.S. = 100) · Mount Prospect, IL: 100 (U.S. = 100)
Chicago, IL has a lower cost-of-living index than Mount Prospect, IL, so a given salary generally stretches further there.
Median Rent
Chicago, IL: $1,323/mo (midpoint of 1BR/2BR) · Mount Prospect, IL: $1,382/mo
Median rent in Mount Prospect, IL is $59/mo higher than in Chicago, IL.
Median Home Price
Chicago, IL: $147,800 · Mount Prospect, IL: $377,000
Median home price in Mount Prospect, IL is $229,200 higher than in Chicago, IL.
Median Household Income
Chicago, IL: $56,815 · Mount Prospect, IL: $103,911
Mount Prospect, IL has a higher median household income than Chicago, IL by $47,096.
Chicago, IL overview · Mount Prospect, IL overview · Popular comparisons