Elementary School Teacher Salary in Mount Prospect, IL: $61,564 (2026)
Quick Answer:A full-time elementary school teacher in Mount Prospect, IL earns a median $61,564/year (≈ $29.60/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 25-2021). Once you factor in Mount Prospect's price level (3% below national, BEA RPP 97.1), that paycheck buys what $63,403 would nationally. Nominal pay sits 0.0% above the Illinois state average.
Based on BLS state-level estimates · View source
In Mount Prospect, Illinois, the projected median annual elementary school teacher pay for 2026 is estimated at $61,564. This figure represents an essential context for those considering how much do elementary school teachers make in Mount Prospect, especially when compared to the national median of $64,597. Local salaries range from $44,868 at the 10th percentile to $95,425 at the 90th percentile, showing a significant variance that reflects the competitive landscape of the area's educational institutions. Given Mount Prospect's comparatively lower cost of living index of 97.1, employees here may find their salaries stretch further than in high-cost districts, making the compensation appear more favorable despite being slightly below the national average. All figures are based on 2025 BLS data, projected to 2026, and highlight the dynamics of teacher salaries in the local job market.
About the Mount Prospect Market
Salary estimated from Illinois average ($72,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $44,868 | $21.57 |
| Lower Range (P25) | $54,112 | $26.01 |
| Median (P50)(typical) | $61,564 | $29.60 |
| Upper Range (P75) | $78,106 | $37.55 |
| Top Earners (P90) | $95,425 | $45.88 |
Median Salary Position
4.7% below the national average
2026 Salary Percentile Distribution in Mount Prospect
In Mount Prospect, IL, the elementary school teacher salary spread from the 10th to 90th percentile is $50,557 (2026 est.). At $61,564, the local median is 4.7% below the national median of $64,597.
Salary Calculator
At 40 hours/week in Mount Prospect: You'd be in the lower-middle range
How Mount Prospect Elementary School Teacher Pay Compares
Mount Prospect median: $61,564/year (2026)
| Compared To | Median Salary | Mount Prospect Pays |
|---|---|---|
| National Average | $64,597 | -4.70% less |
Elementary School Teachers in Mount Prospect, IL earn a median of $61,564 per year (2026 est.), which is 4.70% lower than the national median of $64,597.
Cost-of-Living Adjusted Salary
Mount Prospect has a cost of living 2.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Mount Prospect, IL has a cost-of-living index of 97.1 (below the national average of 100). A elementary school teacher earning $61,564 nominally has purchasing power equivalent to $63,403 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$56,869
2025 BLS Actual
$60,967
2026 Current Est.
$61,564
2019–2027 Growth
+9.3%
Salary Trajectory for Elementary School Teachers in Mount Prospect (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 0.98% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $56,869 | Actual |
| 2020 | $58,079 | Actual |
| 2021 | $58,518 | Actual |
| 2022 | $58,794 | Actual |
| 2023 | $60,691 | Actual |
| 2024 | $69,880 | Actual |
| 2025 | $60,967 | Actual |
| 2026(current) | $61,564 | Estimated |
| 2027 | $62,168 | Projected |
Based on 7 years of BLS OEWS data for the Mount Prospect metropolitan area, the median elementary school teacher salary grew 7.2% from $56,869 (2019) to $60,967 (2025). At a 0.98% compound annual growth rate, salaries are projected to reach $62,168 by 2027 — a total increase of $5,299 (9.32%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Mount Prospect metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 0.98% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $44,868 – $54,112 |
| 3-5 years (Mid Career) | $54,112 – $61,564 |
| 5+ years (Experienced) | $61,564 – $78,106 |
| 10+ years (Top Earner) | $78,106 – $95,425 |
Teacher salary ranges estimated from BLS percentile data. Individual elementary school teacher compensation varies by employer, certifications, and specialization.
Elementary School Teacher Job Market in Mount Prospect
While 13 elementary school teachers are currently employed in Mount Prospect, the local economic conditions and salary structures significantly influence their compensation potential. The district follows a step-and-lane pay scale, which rewards educators based on years of experience and education levels. This structure can create disparities in earnings, especially in high-demand areas such as special education and STEM, where teachers may receive stipends ranging from 5-15%. Additionally, employment opportunities at various types of schools, including K-12 public districts, charter networks, and private institutions, offer varying salary scales. For educators looking to maximize their pay, pursuing advanced degrees or National Board Certification can enhance earning potential, while exploring opportunities for summer school and after-school programs may provide supplementary income. Understanding these aspects can help potential teachers navigate their compensation in Mount Prospect, IL, effectively.
More salary data for Mount Prospect, IL:
Frequently Asked Questions
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Written by Jordan Lee, M.Ed.
Career Analyst
Jordan Lee has over 10 years of experience in elementary education. They focus on curriculum development and teaching methodologies. Their experience includes working in public schools.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $60,967 for elementary school teachersin the Mount Prospect metropolitan area. A 0.98% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Mount Prospect is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 0.98%, derived from historical BLS wage trends for elementary school teachers (SOC 25-2021).
Compiled and verified by Jordan Lee, M.Ed., a licensed elementary school teacher with 10+ years of clinical experience. · View source data at BLS.gov