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.

A relatively large number of people in Mount Prospect telecommute to their jobs. Overall, about 12.97% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.

For the size of the village, public transportation in Mount Prospect is quite heavily used. Mostly, people who use it for their daily commute are taking the train. For Mount Prospect, the benefits are reduced air pollution and congestion on the highways.

The education level of Mount Prospect ranks among the highest in the nation. Of the 25-and-older adult population in Mount Prospect, 47.09% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.

The per capita income in Mount Prospect in 2022 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.