Mount Prospect is a larger medium-sized village located in the state of Illinois. With a population of 54,843 people and eight associated neighborhoods, Mount Prospect is the 24th largest community in Illinois.

Mount Prospect real estate is some of the most expensive in Illinois, although Mount Prospect house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Mount Prospect has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 12.97% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Like elsewhere in America, most people in Mount Prospect use a private automobile to get to work. But notably, a substantial number of Mount Prospect‘s citizens do make use of public transit in their daily commute, primarily riding the train. This helps more people get to work with less air pollution, and require fewer highways to get them there.

The citizens of Mount Prospect are among the most well-educated in the nation: 47.09% of adults in Mount Prospect have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.

The per capita income in Mount Prospect in 2018 was $47,614, which is wealthy relative to Illinois and the nation. This equates to an annual income of $190,456 for a family of four. However, Mount Prospect contains both very wealthy and poor people as well.

Mount Prospect is an extremely ethnically-diverse village. The people who call Mount Prospect home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Mount Prospect residents report their race to be White, followed by Asian. Mount Prospect also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 15.95% of the village’s residents. Important ancestries of people in Mount Prospect include German, Polish, Irish, Italian, and English.

Foreign born people are also an important part of Mount Prospect's cultural character, accounting for 30.02% of the village’s population.

The most common language spoken in Mount Prospect is English. Other important languages spoken here include Spanish and Polish.