Cost of Living in Mount Prospect, IL
Overall index: 111 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 108 | +8% | $1,018 |
| Transportation | 100 | +0% | $3.50 |
| Food | 139 | +39% | $570 |
| Utilities | 104 | +4% | $194 |
| Healthcare | 104 | +4% | $140 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Mount Prospect?
A single adult living comfortably in Mount Prospect, IL needs approximately $38,850 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Mount Prospect, IL?
The overall cost of living in Mount Prospect, IL is 11% higher than the US national average (index: 111 where 100 = national average).
How much is rent in Mount Prospect, IL?
Average rent for a 1-bedroom apartment in Mount Prospect, IL is about $1,018/month.
Is Mount Prospect, IL expensive to live in?
Yes, Mount Prospect, IL is considered expensive (index above national average).
What salary do I need to live in Mount Prospect, IL?
A single adult needs roughly $38,850/year to cover basic living costs in Mount Prospect, IL.