According to the most recent data on the cost of living, Mount Prospect has an overall cost of living index of 118 which is 1.2x higher than the national index of 100.
Compared to only Illinois, Mount Prospect has a cost of living index that's 1.2x higher than Illinois's index of 98.
The standard of living in Mount Prospect ranks as #4691 most affordable out of the 6522 places we measured in Illinois. By definition, that implies Mount Prospect ranks as the #1716 most expensive place in the Prairie State.
|Living Expense||Mount Prospect||Illinois||National Average|
Housing swings affordability the most between places in Illinois, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|City||Population||Cost Of Living||Vs. Mount Prospect|
|Arlington Heights, IL||75,724||123||1.0x|
|Des Plaines, IL||58,694||112||0.9x|
|Buffalo Grove, IL||41,329||123||1.0x|
|Park Ridge, IL||37,764||132||1.1x|
|Highland Park, IL||29,731||151||1.3x|