Buffalo Grove, IL vs Franklin Park, IL

The cost of living difference between Buffalo Grove, IL and Franklin Park, IL is dramatic. Franklin Park is 43.2% cheaper than Buffalo Grove, a gap that translates to thousands of dollars per year in household expenses. Buffalo Grove has a cost index of 130 while Franklin Park sits at 91, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Buffalo Grove is $2,042/month compared to $1,103/month in Franklin Park — a 85% difference. Home values follow the same pattern: Franklin Park is more affordable at $261,700 median vs $392,900.

Median household income in Buffalo Grove is $129,820 compared to $76,009 in Franklin Park (+70.8%). While Buffalo Grove is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Buffalo Grove spend roughly 18.9% of their income on rent, more than the 17.4% in Franklin Park.