Cost of Living: Elgin, IL vs New York, NY
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,227/mo in Elgin, IL versus $4,116/mo in New York, NY. In the model, rent is about 18.36% of gross in Elgin, IL versus 25.92% in New York, NY, so Elgin, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Elgin, IL and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Elgin, IL
- Lower rent (median 1BR/2BR): Elgin, IL
- Lower home prices: Elgin, IL
- Higher median household income: Elgin, IL
Cost of Living Index
Elgin, IL: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Elgin, IL has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Elgin, IL: $1,197/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in New York, NY is $493/mo higher than in Elgin, IL.
Median Home Price
Elgin, IL: $252,400 · New York, NY: $751,700
Median home price in New York, NY is $499,300 higher than in Elgin, IL.
Median Household Income
Elgin, IL: $88,316 · New York, NY: $79,713
Elgin, IL has a higher median household income than New York, NY by $8,603.
Elgin, IL overview · New York, NY overview · Popular comparisons