What Are the Everyday Living Costs in Elgin, IL in 2024?
The average monthly cost of living in Elgin, IL is $3,758, which is 17% lower than the U.S. average ($4,521). The average monthly cost of rent is $1,448, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,309 per month.
Elgin, IL is ranked 148th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of the cheaper cities in which to live in the U.S.
Cost of Living (for Renters / Monthly)
Rent
$1,448
Utilities
$431
Transportation
$214
Groceries
$663
Other
$1,002
Total
$3,758
What Are the Everyday Living Costs in Elgin, IL in 2024?
The average monthly cost of living in Elgin, IL for singles is $2,508, which is 15% lower than the U.S. average ($2,956). The average monthly cost of rent for singles is $933, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $1,576 per month.
Elgin, IL is ranked 148th out of the 333 most populated cities in the U.S. for having the lowest cost of living for singles. Therefore, it is considered as one of the cheaper cities for singles in which to live in the U.S.
Cost of Living (for Single Renters / Monthly)
Rent
$933
Utilities
$247
Transportation
$106
Groceries
$342
Other
$880
Total
$2,508
What Are the Everyday Living Costs in Elgin, IL in 2024?
The average monthly cost of living in Elgin, IL for couples is $3,773, which is 17% lower than the U.S. average ($4,519). The average monthly cost of rent for couples is $1,444, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,330 per month.
Elgin, IL is ranked 159th out of the 333 most populated cities in the U.S. for having the lowest cost of living for couples. Therefore, it is considered as one of the cheaper cities for couples in which to live in the U.S.
Cost of Living (for Couple Renters / Monthly)
Rent
$1,444
Utilities
$424
Transportation
$212
Groceries
$684
Other
$1,010
Total
$3,774
What Are the Everyday Living Costs in Elgin, IL in 2024?
The average monthly cost of living in Elgin, IL for single parents is $3,616, which is 13% lower than the U.S. average ($4,172). The average monthly cost of rent for single parents is $1,444, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,173 per month.
Elgin, IL is ranked 138th out of the 333 most populated cities in the U.S. for having the lowest cost of living for single parents. Therefore, it is considered as one of the cheaper cities for single parents in which to live in the U.S.
Cost of Living (for Single Parent Renters / Monthly)
Rent
$1,444
Utilities
$415
Transportation
$190
Groceries
$572
Other
$995
Total
$3,616
What Are the Everyday Living Costs in Elgin, IL in 2024?
The average monthly cost of living in Elgin, IL for families is $5,133, which is 20% lower than the U.S. average ($6,392). The average monthly cost of rent for families is $1,974, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $3,159 per month.
Elgin, IL is ranked 150th out of the 333 most populated cities in the U.S. for having the lowest cost of living for families. Therefore, it is considered as one of the cheaper cities for families in which to live in the U.S.
Cost of Living (for Family Renters / Monthly)
Rent
$1,974
Utilities
$636
Transportation
$347
Groceries
$1,053
Other
$1,125
Total
$5,135
What Salary Do You Need to Live Comfortably in Elgin, IL in 2024?
Overall, on average, a gross annual salary of $61,640 is required for an average quality of life in Elgin, IL.
Is the Cost of Living High in Elgin, IL?
Elgin, IL is ranked 148th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheaper cities in which to live in the U.S. Elgin, IL's average monthly rent is 31% lower than the U.S. average cost of rent.
Is $50,000 a Good Salary in Elgin, IL in 2024?
A gross annual salary of $50,000 in Elgin, IL will yield an average annual net salary of $43,407. Considering that the total average annual cost of living in Elgin, IL is $45,093, a gross annual salary of $50,000 will be insufficient to cover average living costs.
How Much Should You Pay for Rent in Elgin, IL?
The average monthly rent in Elgin, IL in the city center is $1,204 for a 1 bedroom apartment, $1,509 for a 2 bedroom apartment and $1,903 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,103 for a 1 bedroom apartment, $1,400 for a 2 bedroom apartment and $1,701 for a 3 bedroom apartment.