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Mount Prospect, IL&

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Population
54,552
0.29% decline
Median Age
39.5
Median Household Income
$69,517
0% decline
Poverty Rate
5.38%
Number of Employees
28,228
0.64% decline
Median Property Value
$296,500
1.93% growth

Economy

The economy of Mount Prospect, IL employs 28,228 people. The economy of Mount Prospect, IL is specialized in Management of Companies & Enterprises; Transportation & Warehousing; and Manufacturing, which employ respectively 3.41; 1.56; and 1.47 times more people than what would be expected in a location of this size. The largest industries in Mount Prospect, IL are Manufacturing (4,008), Healthcare & Social Assistance (3,723), and Retail trade (2,684), and the highest paying industries are Utilities ($90,500), Management of Companies & Enterprises ($77,083), and Finance & Insurance ($70,061).

Median household income in Mount Prospect, IL is $69,517. Males in Mount Prospect, IL have an average income that is 1.36 times higher than the average income of females, which is $52,320. The income inequality of Mount Prospect, IL (measured using the Gini index) is 0.488 which is higher than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Mount Prospect, IL. In Cook County, IL the age groups most likely to have health care coverage are 6-17 and 25-34, men and women, respectively. The location has a 1 to 94 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $10,353. St. Clair County, IL has the highest prevalence of homicides of any county in Illinois.

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Showing data across all counties in Illinois.

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Diversity

Mount Prospect, IL is home to a population of 54,552 people, from which 85.2% are citizens. The ethnic composition of the population of Mount Prospect, IL is composed of 35,332 White residents (64.8%), 9,962 Hispanic residents (18.3%), 6,805 Asian residents (12.5%), 1,425 Black residents (2.61%), and 855 Two+ residents (1.57%). The most common foreign languages in Mount Prospect, IL are Spanish (7,313 speakers), Polish (4,593 speakers), and Gujarati (1,418 speakers), but compared to other places, Mount Prospect, IL has a relative high number of Polish (4,593 speakers), Gujarati (1,418 speakers), and Other Slavic (1,072 speakers).

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Education

In 2015 universities in Mount Prospect, IL awarded 7 degrees. The student population of Mount Prospect, IL is skewed away from females, with 6 male students and 1 female students. Most students in Mount Prospect, IL are White (3 and 42.9%), followed by Asian (2 and 28.6%), Black or African American (2 and 28.6%), and Two or more races (0 and N/A). The largest universities in Mount Prospect, IL by number of graduates are Christian Life College (7 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Mount Prospect, IL are Theological Studies (4 and 57.1%), Pastoral Studies & Counseling (0 and N/A), and N/A (N/A and N/A). The median tuition costs in Mount Prospect, IL are N/A for private four year colleges, and $10,400 and $10,400 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Mount Prospect, IL is $296,500, which is 1.45 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $290,900 to $296,500, a 1.93% increase. The homeownership rate of Mount Prospect, IL is 69.3%, which is higher than the national average of 63.6%. People in Mount Prospect, IL have an average commute time of 26.8 minutes, and they commute by Drove Alone. Car ownership in Mount Prospect, IL is approximately the same as the national average, with an average of 2 cars per household.

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United States
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Illinois
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Cook County, IL
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Chicago-Naperville-Elgin, IL-IN-WI Metro Area
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