2026 Compare Cities Economy:
Novi, MI vs Mount Prospect, IL

Change Cities
Highlights
- Household income in Mount Prospect, is 8% less than it is in Novi and is 25% above the National Average.
- Novi unemployment rate is 2.4%.
- Mount Prospect unemployment rate is 5.0%.
 Novi, MIMount Prospect, ILUnited States
 Unemployment Rate  Unlock5.0%6.0%
 Recent Job Growth  Unlock-0.2%1.6%
 Future Job Growth41.1%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$55,807  Unlock$37,638
 Household Income  Unlock$92,477$69,021
 Family Median Income$127,577  Unlock$85,028
 space
 Est. Households By Income
 Novi, MIMount Prospect, ILUnited States
 Income Less Than 15K  Unlock5.9%9.4%
 Income between 15K and 20K1.2%  Unlock3.8%
 Income between 20K and 30K  Unlock5.6%8.1%
 Income between 30K and 40K6.4%  Unlock8.0%
 Income between 40K and 50K  Unlock5.8%7.6%
 Income between 50K and 60K5.3%  Unlock7.2%
 Income between 60K and 75K  Unlock9.1%9.6%
 Income between 75K and 100K11.7%  Unlock12.8%
 Income between 100K and 150K  Unlock21.9%16.3%
 Income between 150K and 200K10.5%  Unlock7.8%
 Income greater than 200K  Unlock11.8%9.5%
 space1
 Population By Occupation
 Novi, MIMount Prospect, ILUnited States
 Management, business, finance24.8%  Unlock16.4%
 Engineering, computers, science  Unlock8.7%6.5%
 Community, social services0.9%  Unlock1.8%
 Legal  Unlock1.3%1.2%
 Education, library4.6%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.0%2.0%
 Healthcare practitioners and technology7.9%  Unlock6.2%
 Healthcare support  Unlock2.7%3.3%
 Firefighters, law enforcement0.8%  Unlock2.1%
 Food preparation, serving  Unlock4.8%5.4%
 Building maintenance1.7%  Unlock3.6%
 Personal care  Unlock2.6%2.6%
 Sales, office, administrative support18.6%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair2.7%  Unlock8.1%
 Production, transportation, material moving  Unlock13.3%13.1%
Reviews for Novi    5 Reviews

Over 16 years ago

We moved in here in Dec'06 and bought a nice villa condo in Island Lake of Novi. It is a nice sub and enjoy living here. There are nice shopping and recreation  More

   |    Reply

Over 17 years ago

Spring is beautiful, mild days, cool nights; Summer can be mild to very hot with moderate to high humidity; Autumn is mild usually until the end of October; Winters can  More

   |    Reply

Overall, Novi is a great place for those who are looking for a city that has the advantages of a very big city (good night life, many restaurants/coffee shops/ect.,  More

   |    Reply

Start Your Review of Novi

Reviews for Mount Prospect    4 Reviews

Over 12 years ago

Because of powerful teachers unions, taxes are always rising and becoming unaffordable.   More

   |    Reply

Over 15 years ago

The PACE bus system is okay here if you want to go to the CTA L station,but getting around to different suburbs is a real  More

   |    Reply

Over 17 years ago

Although Mt. Prospect is incredibly diverse, housing is very expensive and the area doesn't have much charm. There are strip malls and a lot of traffic. The library is  More

   |    Reply

Start Your Review of Mount Prospect


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.