Algonquin, IL vs Arlington Heights, IL

Algonquin, IL and Arlington Heights, IL have a very similar cost of living, with only a 3.5% difference in their overall index. Algonquin scores 117 while Arlington Heights scores 121 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Algonquin is $1,800/month compared to $1,727/month in Arlington Heights — a 4% difference. Interestingly, home values tell a different story: while Arlington Heights has cheaper rent, Algonquin actually has lower median home values ($324,000 vs $403,200).

Median household income in Algonquin is $131,753 compared to $118,532 in Arlington Heights (+11.2%). Algonquin offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Algonquin spend roughly 16.4% of their income on rent, less than the 17.5% in Arlington Heights.