The cost of living in Mount Prospect, Illinois (IL) is higher than the average cost of living in the state of Illinois and higher than the nationwide city average. The average annual pay in Mount Prospect is $62,683.00, which is $6,236.00 higher than the salary average in Illinois and higher than the U.S. average yearly wages by $9,062.00.
The CPI calculation is based on a statistical model that takes into account some of the major personal consumption categories such as healthcare, transportation, housing, education and food, in addition to the average Mount Prospect annual salary, sales tax rates and the regional consumer price index.
