Bloomington, IL vs Elk Grove Village, IL

There is a significant gap in the cost of living between these two cities. Bloomington is 28.9% cheaper than Elk Grove Village. With a cost index of 79 vs 111, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Bloomington to Elk Grove Village should plan for substantially higher expenses across most categories.

On the housing front, median rent in Bloomington is $1,004/month compared to $1,574/month in Elk Grove Village — a 36% difference. Home values follow the same pattern: Bloomington is more affordable at $198,800 median vs $334,400.

Median household income in Bloomington is $75,449 compared to $95,216 in Elk Grove Village (-20.8%). The higher salaries in Elk Grove Village partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Bloomington spend roughly 16% of their income on rent, less than the 19.8% in Elk Grove Village.