Cost of Living: Mount Prospect, IL vs Rockford, 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 Rockford, IL. In the model, rent is about 21.19% of gross in Mount Prospect, IL versus 13.9% in Rockford, IL, so Rockford, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Mount Prospect, IL and Rockford, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Rockford, IL
- Lower rent (median 1BR/2BR): Rockford, IL
- Lower home prices: Rockford, IL
- Higher median household income: Mount Prospect, IL
Cost of Living Index
Mount Prospect, IL: 100 (U.S. = 100) · Rockford, IL: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Mount Prospect, IL: $1,382/mo (midpoint of 1BR/2BR) · Rockford, IL: $907/mo
Median rent in Mount Prospect, IL is $475/mo higher than in Rockford, IL.
Median Home Price
Mount Prospect, IL: $377,000 · Rockford, IL: $120,900
Median home price in Mount Prospect, IL is $256,100 higher than in Rockford, IL.
Median Household Income
Mount Prospect, IL: $103,911 · Rockford, IL: $53,328
Mount Prospect, IL has a higher median household income than Rockford, IL by $50,583.
Mount Prospect, IL overview · Rockford, IL overview · Popular comparisons