Cost of Living: Elgin, IL vs Springfield, IL
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 $4,227/mo in Springfield, IL. In the model, rent is about 18.36% of gross in Elgin, IL versus 13.77% in Springfield, IL, so Springfield, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Elgin, IL and Springfield, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Springfield, IL
- Lower rent (median 1BR/2BR): Springfield, IL
- Lower home prices: Springfield, IL
- Higher median household income: Elgin, IL
Cost of Living Index
Elgin, IL: 100 (U.S. = 100) · Springfield, IL: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Elgin, IL: $1,197/mo (midpoint of 1BR/2BR) · Springfield, IL: $898/mo
Median rent in Elgin, IL is $299/mo higher than in Springfield, IL.
Median Home Price
Elgin, IL: $252,400 · Springfield, IL: $155,200
Median home price in Elgin, IL is $97,200 higher than in Springfield, IL.
Median Household Income
Elgin, IL: $88,316 · Springfield, IL: $65,537
Elgin, IL has a higher median household income than Springfield, IL by $22,779.
Elgin, IL overview · Springfield, IL overview · Popular comparisons