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 116, 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 98.
The standard of living in Elk Grove Village ranks as #263 most affordable out of the 336 places we measured in Illinois. By definition, that implies Elk Grove Village ranks as the #73 most expensive place in the Prairie State.
For more reading on life in Elk Grove Village, check out:
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 fares on each of the criteria:
The Services index in Elk Grove Village is 99.
The Groceries index in Elk Grove Village is 101.
The Health index in Elk Grove Village is 155.
The Housing index in Elk Grove Village is 99.
The Transportation index in Elk Grove Village is 100.
The Utilities index in Elk Grove Village is 99.
| Living Expense | Elk Grove Village | Illinois | National Average |
|---|---|---|---|
| Overall | 116 | 98 | 100 |
| Services | 99 | 99 | 100 |
| Groceries | 101 | 99 | 100 |
| Health | 155 | 96 | 100 |
| Housing | 99 | 101 | 100 |
| Transportation | 100 | 99 | 100 |
| Utilities | 99 | 101 | 100 |
Elk Grove Village Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Elk Grove Village Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Elk Grove Village is $383,809.
The Median Rent in Elk Grove Village is $1,618.
The Median Income in Elk Grove Village is $94,175.
The Home Value To Income in Elk Grove Village is 4.1x.
The Rent To Monthly Income in Elk Grove Village is 0.21x.
| Statistic | Elk Grove Village | Illinois | United States |
|---|---|---|---|
| Median Home Value | $383,809 | $285,735 | $332,700 |
| Median Rent | $1,618 | $1,274 | $1,413 |
| Median Income | $94,175 | $83,390 | $80,734 |
| Home Value To Income | 4.1x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.21x |
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 |
