Elk Grove Village, IL vs Summit, IL

The cost of living difference between Elk Grove Village, IL and Summit, IL is dramatic. Summit is 30.6% cheaper than Elk Grove Village, a gap that translates to thousands of dollars per year in household expenses. Elk Grove Village has a cost index of 111 while Summit sits at 85, 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 Elk Grove Village is $1,574/month compared to $1,012/month in Summit — a 56% difference. Home values follow the same pattern: Summit is more affordable at $224,800 median vs $334,400.

Median household income in Elk Grove Village is $95,216 compared to $60,417 in Summit (+57.6%). 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 Elk Grove Village spend roughly 19.8% of their income on rent, less than the 20.1% in Summit.

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 Summit.