Cost of Living in South Elgin, IL
Population 23,984 · Illinois · Data vintage 2023
(100 = US avg)
South Elgin sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 2.7% points to a labor market well on the tight side of the national distribution.
South Elgin is part of the immediate Elgin metro area — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 17% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in South Elgin
The median home value in South Elgin is $296,100 — 3% below the national median of $305,000. Median rent runs $1,619/month, 23% higher than the national median of $1,314/month. The median household income of $123,744/year is 66% higher than the US median of $74,580. The local unemployment rate is 2.7%, 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, South Elgin has a cost of living index of 108 versus the US average of 100, meaning it is 8% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in South Elgin, IL?
South Elgin has a cost index of 108 (100 = national average). It is 8% above the national average.
What is average rent in South Elgin, IL?
The median gross rent in South Elgin is $1,619 per month based on 2023 Census data.
What is the average home price in South Elgin?
The median home value in South Elgin is $296,100 according to Zillow and Census data.
What is the median income in South Elgin?
The median household income in South Elgin is $123,744 per year (2023 ACS 5-year estimates).
What is the sales tax in South Elgin, IL?
The combined state and local sales tax rate in South Elgin is 8.7%. The Illinois state income tax top rate is 5.0%.
Is South Elgin, IL affordable?
South Elgin is near the national average in terms of cost of living, with an index of 108 (100 = US average).
South Elgin at a Glance
- Population
- 23,984
- Median Income
- $123,744
- Home Value
- $296,100
- Median Rent
- $1,619/mo
- Unemployment
- 2.7%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
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