South Elgin, IL Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2020-03-08
South Elgin's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means South Elgin is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in South Elgin, IL?

According to the most recent data on the cost of living, South Elgin has an overall cost of living index of 105 which is 1.1x higher than the national index of 100.

Compared to only Illinois, South Elgin has a cost of living index that's 1.1x higher than Illinois's index of 98.

The standard of living in South Elgin ranks as #3705 most affordable out of the 6522 places we measured in Illinois. By definition, that implies South Elgin ranks as the #2702 most expensive place in the Prairie State.

For more reading on life in South Elgin, check out:

South Elgin Cost Of Living Vs. Illinois

Living Expense South Elgin Illinois National Average
Overall 105 98 100
Services 98 98 100
Groceries 100 97 100
Health 110 100 100
Housing 116 95 100
Transportation 117 112 100
Utilities 90 97 100
For more reading on cost of living around Illinois, check out:
South Elgin Cost of Living Vs. IL

South Elgin, IL Housing Cost Breakdown

Housing swings affordability the most between places in Illinois, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic South Elgin Illinois United States
Median Home Value $229,300 $187,200 $204,900
Median Rent $1,427 $984 $1,023
Median Income $93,617 $63,575 $60,293
Home Value To Income 2.4x 2.9x 3.4x
Rent To Monthly Income 0.18x 0.19x 0.2x

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Cost Of Living In Cities Around South Elgin

City Population Cost Of Living Vs. South Elgin
Naperville, IL 147,411 128 1.2x
Elgin, IL 113,023 104 1.0x
Arlington Heights, IL 75,724 123 1.2x
Mount Prospect, IL 55,127 118 1.1x
Wheaton, IL 53,480 121 1.2x
Hoffman Estates, IL 51,282 115 1.1x
Elmhurst, IL 46,331 132 1.3x
Bartlett, IL 41,316 118 1.1x
Streamwood, IL 40,413 110 1.0x
St. Charles, IL 32,772 113 1.1x

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