Mount Prospect, IL vs Westmont, IL

Mount Prospect, IL and Westmont, IL have a very similar cost of living, with only a 1.3% difference in their overall index. Mount Prospect scores 111 while Westmont scores 109 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 $1,427/month in Westmont — a 2% difference. Home values follow the same pattern: Westmont is more affordable at $369,100 median vs $377,000.

Median household income in Mount Prospect is $103,911 compared to $83,622 in Westmont (+24.3%). 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 20.5% in Westmont.

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