Housing costs in Elk Grove Village?
A typical home costs
$294,400, which is 12.9% less expensive than the national average of
$338,100 and 21.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Elk Grove Village costs
$1,580 per month, which is 25.4% more than the national average of
$1,260 and 11.4% more than the state average of
$1,400.
Can I afford Elk Grove Village?
To live comfortably in Elk Grove Village (zip 60007), Illinois, a minimum annual income of
$56,520 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Elk Grove Village?
The cost of living in 60007 Elk Grove Village, IL is 6.5% higher than the national average. This is mainly because the housing costs are much higher than the national average, sitting at around $249,700 for a single-family home. In addition to that, transportation and utilities expenses are also above the national average. Groceries, however, are about 3% lower than the national average — though still higher than other areas in Illinois. All in all, while living in 60007 Elk Grove Village comes with a slightly higher cost of living than most places in America, it offers excellent schools and other amenities that make it worth considering as a place to call home.