Cost of Living: Mount Prospect, IL vs Phoenix, AZ
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 $4,370/mo in Phoenix, AZ. In the model, rent is about 21.19% of gross in Mount Prospect, IL versus 21.24% in Phoenix, AZ, so Mount Prospect, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Mount Prospect, IL and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Mount Prospect, IL
- Lower rent (median 1BR/2BR): Mount Prospect, IL
- Lower home prices: Mount Prospect, IL
- Higher median household income: Mount Prospect, IL
Cost of Living Index
Mount Prospect, IL: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Mount Prospect, IL has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Mount Prospect, IL: $1,382/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Phoenix, AZ is $3/mo higher than in Mount Prospect, IL.
Median Home Price
Mount Prospect, IL: $377,000 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $4,900 higher than in Mount Prospect, IL.
Median Household Income
Mount Prospect, IL: $103,911 · Phoenix, AZ: $77,041
Mount Prospect, IL has a higher median household income than Phoenix, AZ by $26,870.
Mount Prospect, IL overview · Phoenix, AZ overview · Popular comparisons