Mount Prospect, IL vs Yorkville, IL

Mount Prospect, IL and Yorkville, IL have a very similar cost of living, with only a 0.1% difference in their overall index. Mount Prospect scores 111 while Yorkville 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 Mount Prospect is $1,454/month compared to $1,619/month in Yorkville — a 10% difference. Interestingly, home values tell a different story: while Mount Prospect has cheaper rent, Yorkville actually has lower median home values ($314,200 vs $377,000).

Median household income in Mount Prospect is $103,911 compared to $108,775 in Yorkville (-4.5%). Yorkville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mount Prospect spend roughly 16.8% of their income on rent, less than the 17.9% in Yorkville.