Mount Prospect, IL Demographics

The total population of Mount Prospect is estimated to be 56,191 with 28,074 males (49.96%) and 28,117 females (50.04%). There are 43 more females than males in Mount Prospect.
The median household income in Mount Prospect was $99,959 in 2021, which marked an an increase of 4,375(4.58%) from $95,584 in 2020. This income is 133.98% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Mount Prospect sees its highest median household income among householders in the age group of 45 to 64 years old, at $122,481. Overall, the median household income for the village of Mount Prospect stands at $99,959.
In Mount Prospect, the median income for all workers aged 15 years and older, regardless of work hours, was $59,985 for males and $37,646 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $75,612 for males and $65,901 for females.
In Mount Prospect, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, White households have the highest median household income at $104,947, while Black or African American households represent the opposite end with the lowest median household income of $71,035.
In 2022, the population of Mount Prospect was 54,843, a 1.52% decrease year-by-year from 2021. Previously, in 2021, Mount Prospect's population was 55,691, a decline of 1.80% compared to a population of 56,711 in 2020.
The median age in Mount Prospect, IL is 40.5, as per 2021 ACS 5-Year Estimates. Of the total population, 18.97% were under the age of 15, 15.78% aged 15 to 29, 47.63% aged 30 to 64, 15.16% aged 65 to 84, and 2.47% were 85 years of age and older.
Racial distribution of Mount Prospect population: 69.52% are White, 3.19% are Black or African American, 0.59% are American Indian and Alaska Native, 13.76% are Asian, 0.04% are Native Hawaiian and other Pacific Islander, 6.86% are some other race and 6.04% are multiracial.