Elk Grove Village, IL vs Markham, IL

Markham is moderately more affordable than Elk Grove Village, with a 14.6% lower cost of living index. Elk Grove Village scores 111 compared to 97 for Markham, where the US average is 100. This difference means residents of Elk Grove Village can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elk Grove Village is $1,574/month compared to $1,689/month in Markham — a 7% difference. Interestingly, home values tell a different story: while Elk Grove Village has cheaper rent, Markham actually has lower median home values ($119,500 vs $334,400).

Median household income in Elk Grove Village is $95,216 compared to $52,364 in Markham (+81.8%). 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, less than the 38.7% in Markham. The Elk Grove Village ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (51.3°F vs 52.1°F). Elk Grove Village receives more rainfall at 37.9" per year compared to 34.4" in Markham.