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ZipNumbers

Illinois · Census place 51089

Mount Prospect village, IL

Quick answer

Mount Prospect village has 55,648 residents, ranking #24 of 1462 places in Illinois. Median household income is $103,911, the median home is worth $377,000 and median gross rent runs $1,454 a month.

Population
55,648Mount Prospect village residents
Median household income
$103,911Past 12 months, inflation adjusted
Median home value
$377,000Owner-occupied units
Median gross rent
$1,454Rent plus utilities, monthly
Median age
41.7 yrsAll residents
Homeownership rate
70%Owner-occupied households

What the numbers mean in Mount Prospect village

Housing cost measured against local earnings.

A household earning the Mount Prospect village median would spend about 16.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6% of residents and 70% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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