Elk Grove Village, IL vs Palos Heights, IL

Elk Grove Village is moderately more affordable than Palos Heights, with a 14.2% lower cost of living index. Elk Grove Village scores 111 compared to 129 for Palos Heights, where the US average is 100. This difference means residents of Palos Heights 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 $2,138/month in Palos Heights — a 26% difference. Home values follow the same pattern: Elk Grove Village is more affordable at $334,400 median vs $350,000.

Median household income in Elk Grove Village is $95,216 compared to $107,974 in Palos Heights (-11.8%). The higher salaries in Palos Heights partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Elk Grove Village spend roughly 19.8% of their income on rent, less than the 23.8% in Palos Heights.

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 Palos Heights.