Cost of Living in Elk Grove Village, Illinois
Elk Grove Village has a population of about 31,987. The median household income is $94,175, median gross rent is $1,618/month, and the median home value is $347,100. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Elk Grove Village expensive to live in?
Compared with the national median in this dataset, rent in Elk Grove Village is about the national median and home values are 7% below the national median. Household income here is 12% above the national median. Monthly rent represents roughly 21% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Elk Grove Village?
The median gross rent in Elk Grove Village, Illinois is $1,618 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Elk Grove Village?
The median owner-occupied home value in Elk Grove Village is $347,100 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Elk Grove Village?
The median household income in Elk Grove Village is $94,175 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.