Elk Grove Village, IL Cost Of Living
Cost Of Living In Elk Grove Village, IL Summary
Cost of living in Elk Grove Village research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Elk Grove Village is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Elk Grove Village is 119, with 100 being the average.
The cost of living index in Elk Grove Village is 1.2x higher than the national average.
Elk Grove Village ranks as the #271 cheapest in Illinois out of 336.
Elk Grove Village ranks as the #4,349 cheapest out of 6,489 in the US.
The median home value in Elk Grove Village is $375,631.
The median income in Elk Grove Village is $95,216.
Table Of Contents
Elk Grove Village's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Elk Grove Village, IL?
According to the most recent data on the cost of living, Elk Grove Village has an overall cost of living index of 119, which is 1.2x higher than the national index of 100.
Compared to Illinois, Elk Grove Village has a cost of living index that's 1.2x higher than Illinois's index of 97.
The standard of living in Elk Grove Village ranks as #271 most affordable out of the 336 places we measured in Illinois. By definition, that implies Elk Grove Village ranks as the #65 most expensive place in the Prairie State.
For more reading on life in Elk Grove Village, check out:
In Illinois
In America
Elk Grove Village Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Elk Grove Village. Here is how it fairs on each of the criteria:
The Services index in Elk Grove Village is 106.
The Groceries index in Elk Grove Village is 105.
The Health index in Elk Grove Village is 110.
The Housing index in Elk Grove Village is 150.
The Transportation index in Elk Grove Village is 105.
The Utilities index in Elk Grove Village is 88.
| Living Expense | Elk Grove Village | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 119 | 97 | 100 | |
| Services | 106 | 95 | 100 | |
| Groceries | 105 | 99 | 100 | |
| Health | 110 | 93 | 100 | |
| Housing | 150 | 95 | 100 | |
| Transportation | 105 | 102 | 100 | |
| Utilities | 88 | 91 | 100 | |
Elk Grove Village, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Elk Grove Village is $375,631.
The Median Rent in Elk Grove Village is $1,574.
The Median Income in Elk Grove Village is $95,216.
The Home Value To Income in Elk Grove Village is 3.9x.
The Rent To Monthly Income in Elk Grove Village is 0.2x.
| Statistic | Elk Grove Village | Illinois | United States |
|---|---|---|---|
| Median Home Value | $375,631 | $283,508 | $303,400 |
| Median Rent | $1,574 | $1,227 | $1,348 |
| Median Income | $95,216 | $81,702 | $78,538 |
| Home Value To Income | 3.9x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Elk Grove Village, IL Costs By Category
Detailed Elk Grove Village Services Costs Vs. Illinois
| Item | Elk Grove Village | Illinois |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $17.91 | $12.13 |
| Bowling | $24.58 | $18 |
| Haircut | $33.69 | $24.26 |
| Beauty Salon | $53.44 | $45.56 |
Detailed Elk Grove Village Groceries Costs Vs. Illinois
| Item | Elk Grove Village | Illinois |
|---|---|---|
| Ground Beef | $5.28 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.87 | $4.67 |
| Potatoes | $4.9 | $4.93 |
| Pizza | $13.41 | $12.09 |
| Beer | $10.0 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Elk Grove Village Health Costs Vs. Illinois
| Item | Elk Grove Village | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Elk Grove Village Transportation Costs Vs. Illinois
| Item | Elk Grove Village | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Elk Grove Village Utilities Costs Vs. Illinois
| Item | Elk Grove Village | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Elk Grove Village SnackAbility
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