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Mount Prospect, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
55,472
Population
$101,720
Median Income
$397,400
Home Value
41.1
Median Age

Demographics

Mount Prospect has a population of 55,472 with a median age of 41.1. Here is the racial and ethnic breakdown of the population:

White
63.8%
Hispanic
18.1%
Asian
15.5%
Black
2.5%
Demographic Value
Total Population55,472
Median Age41.1
White63.8%
Black or African American2.5%
Asian15.5%
Hispanic or Latino18.1%
Mount Prospect, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 63.9%Hispanic/Latino: 18.1%Asian: 15.5%Black: 2.5%55,472PopulationWhiteWhite63.9%Hispanic/LatinoHispanic/Latino18.1%AsianAsian15.5%BlackBlack2.5%

Income & Economy

The median household income in Mount Prospect is $101,720, which is 26.2% above the national median of $80,610. The per capita income is $48,661. The poverty rate is 6.6%.

$101,720
Median Household Income
$48,661
Per Capita Income
6.6%
Poverty Rate

Employment

The unemployment rate in Mount Prospect is 4.1%, compared to the national rate of 4.1%.

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Education

In Mount Prospect, 91.5% of residents age 25+ have a high school diploma or higher, and 48.6% hold a bachelor's degree or higher (17.4% with a graduate or professional degree).

HS Diploma+
91.5%
Bachelor's+
48.6%
Graduate+
17.4%
Education Level % of Adults (25+)
High School Diploma or Higher91.5%
Bachelor's Degree or Higher48.6%
Graduate or Professional Degree17.4%

Housing

The median home value in Mount Prospect is $397,400, above the national median of $303,400. The median monthly rent is $1,502. The homeownership rate is 68.7%.

$397,400
Median Home Value
$1,502/mo
Median Rent
68.7%
Homeownership Rate
Housing Metric Value
Median Home Value$397,400
Median Monthly Rent$1,502
Homeownership Rate68.7%
Vacancy Rate4.1%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Mount Prospect, Illinois?
The population of Mount Prospect, Illinois is 55,472 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Mount Prospect, Illinois?
The median household income in Mount Prospect, Illinois is $101,720. This is 26.2% above the national median of $80,610.
What is the median home value in Mount Prospect, Illinois?
The median home value in Mount Prospect, Illinois is $397,400. The median monthly rent is $1,502.
What percentage of people in Mount Prospect have a college degree?
In Mount Prospect, Illinois, 48.6% of adults age 25 and older hold a bachelor's degree or higher, and 91.5% have a high school diploma or higher.
Is Mount Prospect, Illinois an affordable place to live?
The home price-to-income ratio in Mount Prospect, Illinois is 3.9x (median home value $397,400 vs. median income $101,720), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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