Located in the state of Illinois, Mount Prospect is a medium-sized city with a population of 54,552 residents. With a population density of 5,273 people per square mile, Mount Prospect is well above the nation's average density level. If we take a look at the last Census, the vast majority of the population falls within one racial group (74% White). Given that fact, Mount Prospect could be considered less diverse than other cities. If you are looking for a family friendly city, Mount Prospect might be a good fit as 82% of the population over 15 years old are married, and 55% have kids who are 18 years old or younger.
Living in Mount Prospect can be a great experience for anyone moving to the area. Having said that, in the state of Illinois, there are many incredible places to live, so choose wisely! Finding the best places to live in Mount Prospect and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, cost of living, education, employment, housing and other important metrics.
Mount Prospect has a livability score of 72 out of 100 and is ranked #201 in Illinois and #8,738 in the USA. If we explore each of the categories individually, we see that Mount Prospect ranks well for amenities (A+) and crime (A+). On a less positive note, Mount Prospect does not have favorable scores for the following: cost of living (F), weather (D-), education (D-) and housing (D). If we take a look at the data, we can find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Mount Prospect on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Mount Prospect gets top scores for their low violent crime rates of 46 crimes per 100,000 residents, which are significantly lower than the national average.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Mount Prospect is actually affordable. The median home price for Mount Prospect homes is $296,500, which is 69.6% higher than the Illinois average. If we take a closer look at the affordability of homes in Mount Prospect, we’ll see that the home price to income ratio is 4.3, which is 43.3% higher than the Illinois average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Mount Prospect will offer some insight into determining if your home purchase will be a solid investment for years to come. In Mount Prospect, the year-over-year appreciation rates were 3.1%, and the 5 year appreciation rates came in at 5.6%.
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