Mount Prospect, IL vs Rolling Meadows, IL

Mount Prospect, IL and Rolling Meadows, IL have a very similar cost of living, with only a 2.8% difference in their overall index. Mount Prospect scores 111 while Rolling Meadows scores 108 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 Mount Prospect is $1,454/month compared to $1,563/month in Rolling Meadows — a 7% difference. Interestingly, home values tell a different story: while Mount Prospect has cheaper rent, Rolling Meadows actually has lower median home values ($299,700 vs $377,000).

Median household income in Mount Prospect is $103,911 compared to $100,424 in Rolling Meadows (+3.5%). 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 Mount Prospect spend roughly 16.8% of their income on rent, less than the 18.7% in Rolling Meadows.

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