Cost of Living in Fox River Grove, IL

With a cost of living index of 125, Fox River Grove, IL is a notably expensive place to live. Living here is 25% more expensive than the national average and 45% above the Illinois state average of 80. Fox River Grove is a small community of 4,501 residents.

Housing costs are the biggest factor in Fox River Grove's cost of living. The median monthly rent is $2,157 (64% above the US median of $1,319), and the median home value sits at $289,200 (5% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Fox River Grove is $125,104, which is 66% higher than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Fox River Grove. The area sees an average annual temperature of 50.8°F, with summers averaging 73°F and winters around 28°F. Annual rainfall totals 32.3 inches spread over roughly 112 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Chicago-Naperville-Elgin, IL-IN (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.