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Cost of Living in Elk Grove Village, IL

2025 Affordability Data & Housing Costs

105.1

Cost of Living Index (100 = US Average)

Moderate

Median Home Value

$334,400

Owner-occupied homes (2023 ACS)

Median Household Income

$95,216

Annual (2023 ACS)

Housing Costs

The median home value in Elk Grove Village is $334,400, which is close to the national average. The home price-to-income ratio is 3.5, indicating strong affordability.

Income & Purchasing Power

The median household income in Elk Grove Village is $95,216 annually.

Compare with Other Cities

View all cities in Illinois

Frequently Asked Questions

What is the cost of living index in Elk Grove Village, IL?

The COL index is 105.1, which is higher than the US average of 100.

What is the median home value in Elk Grove Village?

The median home value is $334,400.

What is the median rent in Elk Grove Village?

Data not available.

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