Barrington, IL vs Elk Grove Village, IL

There is a significant gap in the cost of living between these two cities. Elk Grove Village is 26.7% cheaper than Barrington. With a cost index of 111 vs 141, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elk Grove Village to Barrington should plan for substantially higher expenses across most categories.

On the housing front, median rent in Barrington is $1,886/month compared to $1,574/month in Elk Grove Village — a 20% difference. Home values follow the same pattern: Elk Grove Village is more affordable at $334,400 median vs $580,900.

Median household income in Barrington is $150,714 compared to $95,216 in Elk Grove Village (+58.3%). While Barrington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Barrington spend roughly 15% of their income on rent, less than the 19.8% in Elk Grove Village.