Cost of Living: Schaumburg, 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 Schaumburg, IL versus $4,227/mo in Elgin, IL. In the model, rent is about 25.85% of gross in Schaumburg, 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 Schaumburg, 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: Elgin, IL
- Higher median household income: Schaumburg, IL
Cost of Living Index
Schaumburg, 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
Schaumburg, IL: $1,686/mo (midpoint of 1BR/2BR) · Elgin, IL: $1,197/mo
Median rent in Schaumburg, IL is $489/mo higher than in Elgin, IL.
Median Home Price
Schaumburg, IL: $312,200 · Elgin, IL: $252,400
Median home price in Schaumburg, IL is $59,800 higher than in Elgin, IL.
Median Household Income
Schaumburg, IL: $94,690 · Elgin, IL: $88,316
Schaumburg, IL has a higher median household income than Elgin, IL by $6,374.
Schaumburg, IL overview · Elgin, IL overview · Popular comparisons