Harvey, IL vs Mount Prospect, IL

The cost of living difference between Harvey, IL and Mount Prospect, IL is dramatic. Harvey is 34.8% cheaper than Mount Prospect, a gap that translates to thousands of dollars per year in household expenses. Harvey has a cost index of 72 while Mount Prospect sits at 111, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Harvey is $968/month compared to $1,454/month in Mount Prospect — a 33% difference. Home values follow the same pattern: Harvey is more affordable at $86,100 median vs $377,000.

Median household income in Harvey is $41,091 compared to $103,911 in Mount Prospect (-60.5%). 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 Harvey spend roughly 28.3% of their income on rent, more than the 16.8% in Mount Prospect.

Climate-wise, both cities share similar average temperatures (52.1°F vs 50.8°F). Harvey receives more rainfall at 34.4" per year compared to 32.3" in Mount Prospect.