Prospect Heights has the 1810th largest population in the United States. The population grew by 0.8% from 2010 to 2015, which was faster than the national average. Prospect Heights is part of the Chicago metro area. Unemployment in the Chicago area is 5%, which is higher than the national average, and is getting better. Chicago has the 3rd largest local economy in the US, and a high cost of living. The average pay for jobs in Prospect Heights is above average at $52,480, and the median cost of a home in Prospect Heights is $258,600, which is above the national average. 35% of workers in Prospect Heights hold a bachelors degree or higher (above average), and 84% of workers have a high school degree (above average). Driving to work is especially common in Prospect Heights. 62% of Prospect Heights workers drive to work alone, 17% take public transit, 9% carpool, and 10% walk. People in Prospect Heights spend an average of 25 minutes commuting to work, which is shorter than the national average of 26 minutes.