Cost of Living: Oak Forest, IL vs Elgin, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,227/mo in Oak Forest, IL versus $4,227/mo in Elgin, IL. In the model, rent is about 18.75% of gross in Oak Forest, IL versus 18.36% in Elgin, IL, so Elgin, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Oak Forest, IL and Elgin, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Elgin, IL
- Lower rent (median 1BR/2BR): Elgin, IL
- Lower home prices: Oak Forest, IL
- Higher median household income: Elgin, IL
Cost of Living Index
Oak Forest, IL: 100 (U.S. = 100) · Elgin, IL: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Oak Forest, IL: $1,223/mo (midpoint of 1BR/2BR) · Elgin, IL: $1,197/mo
Median rent in Oak Forest, IL is $26/mo higher than in Elgin, IL.
Median Home Price
Oak Forest, IL: $247,800 · Elgin, IL: $252,400
Median home price in Elgin, IL is $4,600 higher than in Oak Forest, IL.
Median Household Income
Oak Forest, IL: $87,941 · Elgin, IL: $88,316
Elgin, IL has a higher median household income than Oak Forest, IL by $375.
Oak Forest, IL overview · Elgin, IL overview · Popular comparisons