Elk Grove Village, IL vs Fox Lake, IL

There is a significant gap in the cost of living between these two cities. Fox Lake is 29.1% cheaper than Elk Grove Village. With a cost index of 86 vs 111, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fox Lake to Elk Grove Village should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elk Grove Village is $1,574/month compared to $1,059/month in Fox Lake — a 49% difference. Home values follow the same pattern: Fox Lake is more affordable at $219,300 median vs $334,400.

Median household income in Elk Grove Village is $95,216 compared to $69,896 in Fox Lake (+36.2%). 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 Elk Grove Village spend roughly 19.8% of their income on rent, more than the 18.2% in Fox Lake.

Climate-wise, Elk Grove Village is notably warmer with an average of 51.3°F compared to 48.3°F in Fox Lake. Elk Grove Village receives more rainfall at 37.9" per year compared to 35.3" in Fox Lake.