Champaign, IL vs Elk Grove Village, IL

There is a significant gap in the cost of living between these two cities. Champaign is 26.5% cheaper than Elk Grove Village. With a cost index of 82 vs 111, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Champaign to Elk Grove Village should plan for substantially higher expenses across most categories.

On the housing front, median rent in Champaign is $1,103/month compared to $1,574/month in Elk Grove Village — a 30% difference. Home values follow the same pattern: Champaign is more affordable at $199,700 median vs $334,400.

Median household income in Champaign is $57,544 compared to $95,216 in Elk Grove Village (-39.6%). While Elk Grove Village is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Champaign spend roughly 23% of their income on rent, more than the 19.8% in Elk Grove Village.