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