Cost of Living in South Elgin, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
172.8
100 = national avg
+72.8 vs national average
Living Wage (1 Adult)
$76,049
per year
Living Wage (Family of 4)
$179,752
per year
Cost Index by Category
Housing189.6
Food144.6
Transportation189.2
Healthcare135.7
Utilities144.7
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 South Elgin is 172.8, which is 72.8% above the national average. Housing costs are above the national average at an index of 189.6. A single adult needs to earn approximately $76,049 per year to cover basic expenses.