Elk Grove Village, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 115, with 100 being the average.

  • The cost of living index in Elk Grove Village is 1.1x higher than the national average.

  • Elk Grove Village ranks as the #272 cheapest in Illinois out of 338.

  • Elk Grove Village ranks as the #4,492 cheapest out of 6,412 in the US.

  • The median home value in Elk Grove Village is $293,100.

  • The median income in Elk Grove Village is $89,187.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
115
Elk Grove Village's Overall Cost Of Living
1.1x
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 115, which is 1.1x 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 92.

The standard of living in Elk Grove Village ranks as #272 most affordable out of the 338 places we measured in Illinois. By definition, that implies Elk Grove Village ranks as the #66 most expensive place in the Prairie State.

For more reading on life in Elk Grove Village, check out:

272 out of 338
In Illinois
4,492 out of 6,412
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 114.

  • The Groceries index in Elk Grove Village is 109.

  • The Health index in Elk Grove Village is 97.

  • The Housing index in Elk Grove Village is 135.

  • The Transportation index in Elk Grove Village is 114.

  • The Utilities index in Elk Grove Village is 92.

Living Expense Elk Grove Village Illinois National Average
Overall 115 92 100
Services 114 95 100
Groceries 109 98 100
Health 97 96 100
Housing 135 81 100
Transportation 114 105 100
Utilities 92 90 100
For more reading on cost of living around Illinois, check out:
Elk Grove Village Cost of Living Vs. IL

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 2017-2021. The key points are:

  • The Median Home Value in Elk Grove Village is $293,100.

  • The Median Rent in Elk Grove Village is $1,422.

  • The Median Income in Elk Grove Village is $89,187.

  • The Home Value To Income in Elk Grove Village is 3.3x.

  • The Rent To Monthly Income in Elk Grove Village is 0.19x.

Statistic Elk Grove Village Illinois United States
Median Home Value $293,100 $212,600 $244,900
Median Rent $1,422 $1,097 $1,163
Median Income $89,187 $72,563 $69,021
Home Value To Income 3.3x 2.9x 3.5x
Rent To Monthly Income 0.19x 0.18x 0.2x
Search Homes For Sale In Elk Grove Village, IL
$293,100
Median Home Value
$1,422
Median Rent
$89,187
Median Income

Elk Grove Village, IL Costs By Category

Detailed Elk Grove Village Services Costs Vs. Illinois

Item Elk Grove Village Illinois
Shampoo $1.06 $1.06
Movie $14.85 $10.68
Bowling $15.76 $14.67
Haircut $27.76 $18.62
Beauty Salon $65.57 $39.05

Detailed Elk Grove Village Groceries Costs Vs. Illinois

Item Elk Grove Village Illinois
Ground Beef $4.87 $4.22
Fried Chicken $1.99 $1.39
Milk $2.42 $2.05
Potatoes $3.23 $3.29
Pizza $12.0 $10.62
Beer $8.61 $9.38
Toothpaste $2.46 $2.34

Detailed Elk Grove Village Health Costs Vs. Illinois

Item Elk Grove Village Illinois
Optometrist $96.76 $108.57
Doctor $104.96 $116.17
Dentist $101.82 $99.13

Detailed Elk Grove Village Transportation Costs Vs. Illinois

Item Elk Grove Village Illinois
Gasoline $2.51 $2.22
Tire Balancing $56.85 $50.07

Detailed Elk Grove Village Utilities Costs Vs. Illinois

Item Elk Grove Village Illinois
All Electricity $131.89 $167.67
Phone $203.16 $175.64

Elk Grove Village SnackAbility

9.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8.5
Affordability
7
Diversity
8
Safety
9
Amenities
9
Education
8.5
Commute
6

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