Cost of Living: Joliet, 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 Joliet, IL versus $4,227/mo in Mount Prospect, IL. In the model, rent is about 18.02% of gross in Joliet, IL versus 21.19% in Mount Prospect, IL, so Joliet, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Joliet, IL and Mount Prospect, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Mount Prospect, IL
- Lower rent (median 1BR/2BR): Joliet, IL
- Lower home prices: Joliet, IL
- Higher median household income: Mount Prospect, IL
Cost of Living Index
Joliet, IL: 100 (U.S. = 100) · Mount Prospect, IL: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Joliet, IL: $1,175/mo (midpoint of 1BR/2BR) · Mount Prospect, IL: $1,382/mo
Median rent in Mount Prospect, IL is $207/mo higher than in Joliet, IL.
Median Home Price
Joliet, IL: $248,600 · Mount Prospect, IL: $377,000
Median home price in Mount Prospect, IL is $128,400 higher than in Joliet, IL.
Median Household Income
Joliet, IL: $88,026 · Mount Prospect, IL: $103,911
Mount Prospect, IL has a higher median household income than Joliet, IL by $15,885.
Joliet, IL overview · Mount Prospect, IL overview · Popular comparisons