Bloomingdale, IL vs Mount Prospect, IL

Bloomingdale, IL and Mount Prospect, IL have a very similar cost of living, with only a 3.2% difference in their overall index. Bloomingdale scores 114 while Mount Prospect scores 111 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Bloomingdale is $1,607/month compared to $1,454/month in Mount Prospect — a 11% difference. Interestingly, home values tell a different story: while Mount Prospect has cheaper rent, Bloomingdale actually has lower median home values ($363,100 vs $377,000).

Median household income in Bloomingdale is $98,891 compared to $103,911 in Mount Prospect (-4.8%). Mount Prospect offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bloomingdale spend roughly 19.5% of their income on rent, more than the 16.8% in Mount Prospect.