The median income in Mount Prospect has fluctuated over the past decade. It peaked in 2021 at $100,344 before dropping to $89,378 in 2022. This volatility in income correlates with the changing demographic landscape. As the community becomes more diverse, there may be shifts in economic opportunities and challenges that affect overall income levels.

The population has remained relatively stable, growing from 61,002 in 2013 to 62,086 in 2022. This stability, combined with increasing diversity, suggests that the community is attracting a mix of new residents while retaining much of its existing population.

The demographic shifts in Mount Prospect align with broader national trends of increasing diversity in suburban areas. Many suburbs across the United States are experiencing similar transitions from predominantly White communities to more diverse populations, particularly with growth in Hispanic and Asian demographics.

Based on the observed trends, Mount Prospect is likely to continue its trajectory towards greater diversity. If current trends persist, the community may transition into the "Moderate Diversity" category within the next 5-10 years. The White population may decrease below 60%, while Hispanic and Asian populations continue to grow.

Economically, the community may experience some fluctuations in median income as it adjusts to a more diverse population. However, given its current affluent status and stable population growth, Mount Prospect is likely to maintain a relatively high median income, possibly stabilizing around the $90,000-$95,000 range.

Mount Prospect is evolving from a predominantly White, affluent suburb into a more diverse community. This transition brings both opportunities and challenges as the area adapts to changing demographics while striving to maintain economic stability and community cohesion.