Cost of Living in Long Grove, IL

Population 8,266 · Illinois · Data vintage 2023

253
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Long Grove sits 145% above the national median — $747,000 for the typical home — but median household incomes near $235,368 (216% above the US figure) soften the blow that similar pricing creates in lower-wage metros.

Located 20 miles northeast of Elgin, Long Grove falls within that metro's commuting orbit. Median home values run roughly 196% higher than Elgin's $252,000.

Cost Overview

Housing 245
Rent 266

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Long Grove

The median home value in Long Grove is $746,700 — 145% above the national median of $305,000. Median rent runs $3,501/month, 166% higher than the national median of $1,314/month. The median household income of $235,368/year is 216% higher than the US median of $74,580. The local unemployment rate is 3.4%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Long Grove has a cost of living index of 253 versus the US average of 100, meaning it is 153% more expensive.

🏠 Housing

Median Home Value
$746,700
145% above avg
Zillow Home Value
$899,262
Zillow ZHVI
Median Rent
$3,501/mo
166% above avg
Price-to-Rent Ratio
17.8x
Favors buying
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 96.7%
Renter-occupied 3.3%

💰 Estimated Monthly Budget

Rent median rent
$3,501
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $4,115/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
35.9 min
33% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
28.9%

Commute Mode

Drove alone
67.1%
Carpooled
1.3%
Public transit
1.1%
Walked
0.4%
Work from home
28.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$235,368
216% above avg
Per Capita Income
$101,162
Unemployment Rate
3.4%
29% below avg
Poverty Rate
1.2%
Labor Force Participation
62.5%

🎓 Education

Bachelor's degree+ 41.8%
Graduate degree 32.0%

👥 Demographics

Median Age 48.8
Male median age 49.2
Female median age 48.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
74.9%
Good air days/yr
179
Max AQI recorded
0
PM2.5 days
243
Ozone days

Frequently Asked Questions

What is the cost of living in Long Grove, IL?

Long Grove has a cost index of 253 (100 = national average). It is 153% above the national average.

What is average rent in Long Grove, IL?

The median gross rent in Long Grove is $3,501 per month based on 2023 Census data.

What is the average home price in Long Grove?

The median home value in Long Grove is $746,700 according to Zillow and Census data.

What is the median income in Long Grove?

The median household income in Long Grove is $235,368 per year (2023 ACS 5-year estimates).

What is the sales tax in Long Grove, IL?

The combined state and local sales tax rate in Long Grove is 8.7%. The Illinois state income tax top rate is 5.0%.

Is Long Grove, IL affordable?

Long Grove is above average in cost of living, with an index of 253 — about 153% higher than the national average.

Long Grove at a Glance

Population
8,266
Median Income
$235,368
Home Value
$746,700
Median Rent
$3,501/mo
Unemployment
3.4%
Sales Tax
8.7%
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🗺️ County data for Illinois

Explore county-level cost of living data

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