Alsip, IL vs Mount Prospect, IL

There is a significant gap in the cost of living between these two cities. Alsip is 22.1% cheaper than Mount Prospect. With a cost index of 86 vs 111, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Alsip to Mount Prospect should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alsip is $1,102/month compared to $1,454/month in Mount Prospect — a 24% difference. Home values follow the same pattern: Alsip is more affordable at $208,700 median vs $377,000.

Median household income in Alsip is $67,557 compared to $103,911 in Mount Prospect (-35%). While Mount Prospect is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alsip spend roughly 19.6% of their income on rent, more than the 16.8% in Mount Prospect.