Elk Grove Village, IL vs Waukegan, IL

There is a significant gap in the cost of living between these two cities. Waukegan is 29.5% 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 Waukegan 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 $1,163/month in Waukegan — a 35% difference. Home values follow the same pattern: Waukegan is more affordable at $177,600 median vs $334,400.

Median household income in Elk Grove Village is $95,216 compared to $70,578 in Waukegan (+34.9%). 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 19.8% in Waukegan.

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