Mount Prospect village, Illinois
CityPopulation: 55,648 (2023 estimate)
Census Bureau data for Mount Prospect village from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Mount Prospect village
- What is the median household income in Mount Prospect village?
- The median household income in Mount Prospect village is $103,911 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Mount Prospect village?
- The poverty rate in Mount Prospect village is 4.3% (U.S. Census Bureau ACS 2023).
- What is the median home value in Mount Prospect village?
- $377,000 (U.S. Census Bureau ACS 2023).
- What is the average rent in Mount Prospect village?
- The median gross rent in Mount Prospect village is $1,454 per month (U.S. Census Bureau ACS 2023).
- What percentage of Mount Prospect village residents have a college degree?
- 48.6% of adults in Mount Prospect village hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
55,648
Median Income
$103,911
Median Home Value
$377,000
Poverty Rate
4.3%
Unemployment (ACS 2023)
3.6%
Median Age
41.0 yrs
Since 2019
Median Income:
+$24,178 (+30.3%)
Home Value:
+$46,800 (+14.2%)
Poverty Rate:
+0.1 pp (+2.4%)
Bachelor's+:
+4.9 pp (+11.2%)
Unemployment:
-0.6 pp (-14.3%)
Demographics
Total Population
55,648
Median Age
41.0
Female
49.9%
Race & Ethnicity
Hispanic or Latino 16.2%
White (non-Hisp.) 63.3%
Black 2.5%
Asian 14.6%
Two or More 8.6%
Other 6.9%
Asian Subgroups (% of total pop.)
Indian
5.3%
Chinese
1.9%
Korean
1.8%
Filipino
1.5%
Vietnamese
0.8%
Japanese
0.4%
Hispanic Subgroups (% of total pop.)
Mexican
12.7%
Puerto Rican
1.2%
Cuban
0.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$103,911
±$4,052
+$22,209 vs. state
Per Capita Income
$118,037
Median Family Income
$128,610
Poverty Rate
4.3%
-3.9 pp vs. state
Child Poverty Rate
4.4%
Working-Age Poverty Rate
—
SNAP Recipients
7.1%
Social Security Income
—
Retirement Income
25.3%
Household Income Distribution
< $10k
3.5%
$10–15k
2.0%
$15–25k
5.0%
$25–35k
4.1%
$35–50k
8.7%
$50–75k
12.8%
$75–100k
11.8%
$100–150k
21.4%
$150–200k
16.1%
$200k+
14.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
23,068
Owner-Occupied
70.0%
Renter-Occupied
30.0%
Vacancy Rate
4.6%
Median Home Value
$377,000
+$126,500 vs. state
Median Gross Rent
$1,454
Owner Cost Burden (30%+)
17.9%
Renter Cost Burden (30%+)
36.0%
Home Value Distribution
< $50k
1.2%
$50–100k
0.5%
$100–200k
4.6%
$200–300k
15.0%
$300–500k
56.9%
$500k–$1M
15.9%
$1M+
0.5%
Gross Rent Distribution
< $500
4.6%
$500–1k
4.1%
$1–1.5k
46.6%
$1.5–2k
31.5%
$2–2.5k
9.7%
$2.5–3.5k
2.5%
$3.5k+
1.0%
Vehicle Availability
No vehicle
5.6%
1 vehicle
34.2%
2 vehicles
45.8%
3+
14.4%
Housing Type
Single-fam. det.
57.0%
Single-fam. att.
3.7%
2–4 units
0.8%
5–19 units
8.9%
20+ units
18.2%
Mobile home
0.1%
Housing Age
Pre-1940
3.9%
1940–1969
1.9%
1970–1999
24.0%
2000–2009
2.3%
2010+
2.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
91.7%
Bachelor's or Higher
48.6%
+11.4 pp vs. state
Graduate Degree
17.5%
Some College / Associate
15.9%
Less Than High School
4.5%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
66.8%
Unemployment Rate
3.6%
-2.2 pp vs. state
Work from Home
15.8%
Self-Employed
4.1%
Government Workers
10.9%
Private For-Profit
84.8%
Industry
Edu/Health
21.1%
Manufacturing
12.8%
Prof. Services
12.2%
Retail
8.9%
Finance
8.9%
Transportation
8.6%
Arts/Entmt.
8.2%
Construction
6.3%
Wholesale
2.9%
Public Admin
2.5%
Information
2.5%
Agriculture
0.3%
Occupation
Management
46.2%
Sales
19.2%
Production
14.4%
Food Prep
13.3%
Construction
6.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
27.0 min
Drove Alone
69.9%
Carpool
7.6%
Public Transit
4.3%
Work from Home
15.8%
Walked
1.1%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
22,003
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
54.5%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
23.1%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
5.2%
5–9
5.4%
10–14
7.1%
15–19
6.3%
20–24
3.3%
25–34
13.8%
35–44
13.3%
45–54
14.3%
55–64
5.6%
65–74
7.5%
75–84
10.2%
85+
5.4%
Under 18: 22.1%
Working age (18–64): 77.9%
65 and over: 18.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
30.0%
Naturalized Citizen
55.9%
Speaks English Less Than Very Well
16.6%
Foreign-Born Origin
Europe
38.7%
Asia
35.9%
Latin America
23.5%
Africa
1.2%
Veterans & Disability
Veteran
4.8%
With a Disability
9.2%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
91.2%
Uninsured
8.8%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
93.5%
Has a Computer
95.6%
Same House 1 Year Ago
90.7%
Moved from Abroad
0.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023