Maywood, IL vs Mount Prospect, IL

There is a significant gap in the cost of living between these two cities. Maywood is 19% cheaper than Mount Prospect. With a cost index of 90 vs 111, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Maywood to Mount Prospect should plan for substantially higher expenses across most categories.

On the housing front, median rent in Maywood is $1,203/month compared to $1,454/month in Mount Prospect — a 17% difference. Home values follow the same pattern: Maywood is more affordable at $212,600 median vs $377,000.

Median household income in Maywood is $66,498 compared to $103,911 in Mount Prospect (-36%). 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 Maywood spend roughly 21.7% 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). Maywood receives more rainfall at 34.4" per year compared to 32.3" in Mount Prospect.