Elgin, Illinois has an overall cost of living index of 102.5, which is 2.5 points above the US average of 100 — making it about average versus most American cities. Renters pay a median of $1,361 per month, while the typical home is valued around $273,000. Households earn a median of $90,282 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$90,282
Median Income / yr
Census ACS
$1,361
Median Rent / mo
Census ACS
$273,000
Median Home Value
Census ACS
102.5
Cost of Living Index
1BR Fair Market Rent
N/A
HUD · FY2024
2BR Fair Market Rent
N/A
HUD · FY2024
3BR Fair Market Rent
N/A
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
102.5
Goods
104.3
Rents / Housing
111.0
Services
77.0
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $130,930 |
| Registered Nurse | $94,580 |
| Elementary Teacher | $73,950 |
| Electrician | $92,320 |
| Accountant | $92,100 |
| Plumber | $92,410 |
| Nurse Practitioner | $227,170 |
| Civil Engineer | $107,650 |
| Operations Manager | $142,650 |
| Market Research Analyst | $82,980 |
| Health Services Manager | $141,690 |
| Truck Driver | $64,990 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $111,810 |
Source: BLS OEWS 2023 (metro-level data)
Population
114,934
Latest estimate
Median Age
36.7 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
8
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,685
Per month
Avg Home Value
$313,263
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 60118 | — | $1,380 | $323,300 |
| ZIP 60120 | — | $1,203 | $214,700 |
| ZIP 60123 | — | $1,158 | $233,600 |
| ZIP 60124 | — | $1,866 | $367,700 |
| ZIP 60136 | — | $1,813 | $317,600 |
| ZIP 60140 | — | $1,616 | $307,600 |
| ZIP 60175 | — | $2,803 | $457,200 |
| ZIP 60177 | — | $1,637 | $284,400 |
January Avg
24°F
July Avg
75°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Continental · Source: NOAA/NCEI 30-year normals.
Healthcare Score
30.9
poor
Hospitals
3
Doctors per 1,000
1.00
Insurance Coverage
89.2%
Elgin has a Regional Price Parity (RPP) index of 102.5. The US national average is 100, so Elgin is 2.5 points above the national average.
The median gross rent in Elgin is $1,361 per month according to US Census ACS data.
The median household income in Elgin is $90,282 per year.
The median home value in Elgin is $273,000 based on the latest Census ACS survey.
Air quality data for Elgin is not yet available.
Tax data for Illinois is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
