College Costs in Mount Prospect, IL 2026
Compare tuition, housing, and financial aid across 3 colleges in Mount Prospect, Illinois. Use our free calculator to estimate your total cost.
Avg Public Tuition
$15,400
per year
Avg Private Tuition
$38,000
per year
Avg Rent Near Campus
$768
per month
Colleges & Universities
3
institutions
Mount Prospect Overview
Population
56,265
Student Population
4,349 (7.7%)
Cost of Living Index
98.2 (avg: 100)
Walk Score
46/100
Transit Score
19/100
Unemployment Rate
3.8%
College Cost Calculator for Mount Prospect
Cost Inputs
Total Cost (4 Years, Public In-State)
$117,504
Total After Financial Aid
$117,504
Annual Cost
$29,376
Annual After Aid
$29,376
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $117,504 |
| Monthly Payment | $1,334 |
| Total Interest | $42,604 |
| Total Loan Cost | $160,108 |
Universities in Mount Prospect
| University | Type | Annual Tuition |
|---|---|---|
| Mount Prospect State University | Public | $15,624 |
| Mount Prospect Community College | Community | $5,183 |
Mount Prospect has 3 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Mount Prospect vs. National Average
| Category | Mount Prospect | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $15,400 | $10,940 | +$4,460 |
| Monthly Rent Near Campus | $768 | $1,050 | -$282 |
| Cost of Living Index | 98.2 | 100 | -1.7999999999999972 |
Mount Prospect's cost of living is near the national average. Students can expect typical expenses comparable to most other U.S. cities.
Student Life in Mount Prospect
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
4,349 students
Mount Prospect has a total population of 56,265, with approximately 4,349 college students (7.7% of the population). While not primarily a college town, Mount Prospect offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Mount Prospect
$45,197
Starting Salary
3.8%
Unemployment Rate
53%
Graduation Rate
~12 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Mount Prospect earn a median starting salary of $45,197, which is $10,197 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $117,504 (including room and board), it would take approximately 12 years of the salary premium to recoup the investment. With average financial aid of $13,632 per student per year, the net cost and payback period can be significantly reduced.
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