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Apartments For Rent in Mount Prospect, IL

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Apartments for Rent in Mount Prospect, IL

The town of Mount Prospect, Illinois is home to just under 55,000 residents. The city's population, at an average age of just over 39, is fairly typical compared to other cities in Illinois, which has an average age of 38. Renters tend to be in the minority in the area, and 68% of residents own their homes. At $1,096 per month, the average rent is roughly equal to the state average.

There are three primary industries in Mount Prospect: manufacturing, retail, and healthcare. Together, these industries account for 19% of the workforce in the city. Meanwhile, looking at job function, many of the city's workers are in management, which ranks as the top field in the city. With an average annual income of around $86K, Mount Prospect workers bring in more than the average Illinois resident. The city's average income also compares favorably to the national average ($73,345). Mount Prospect has a relatively high percentage of residents older than 25 who have advanced degrees compared to the national average (7%), as 9% possess a Master's or a Doctorate. Additionally, 19% possess a Bachelor's degree, which also outpaces the national average.

Averaging about 31 minutes, Mount Prospect's commute time is slower than around 70% of cities in the state. Driving a vehicle is the most common way to get to work, selected by 43% of commuters, while public transportation is used by just 4% of the population. Walking isn't a common means of commuting to work.