Cost of Living in Elk Grove Village, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
153.7
100 = national avg
+53.7 vs national average
Living Wage (1 Adult)
$67,644
per year
Living Wage (Family of 4)
$159,887
per year
Cost Index by Category
Housing190.4
Food122.8
Transportation145.6
Healthcare118.2
Utilities131.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Elk Grove Village is 153.7, which is 53.7% above the national average. Housing costs are above the national average at an index of 190.4. A single adult needs to earn approximately $67,644 per year to cover basic expenses.