Median rent is 11% lower in Elk Grove Village ($1,618/mo vs $1,821/mo). Buying is cheaper in Elk Grove Village, where the median home runs $347,100 versus $777,600. Households earn more in Elk Grove Village ($94,175 vs $80,483 a year).
City A
Elk Grove Village, IL
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Elk Grove Village, IL?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Elk Grove Village
Illinois
New York
New York
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Median rent is modestly lower in Elk Grove Village at $1,618/mo compared to $1,821/mo in New York (11% gap). Home buyers face a steeper market in New York: the median home is $777,600 versus $347,100 in Elk Grove Village — 55% more expensive.
Metric
Elk Grove Village
New York
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Elk Grove Village
Income tax: N/A
Sales tax: N/A
New York
Income tax: N/A
Sales tax: N/A
Air quality data is available for New York (avg AQI 46.0) but not yet for Elk Grove Village.
Pick Elk Grove Village if you prioritize higher median household income ($94,175/yr).
Pick Elk Grove Village if you prioritize cheaper rent ($1,618/mo median).
Cost of living index data is not yet available for one or both cities.
Median rent is $1,618/mo in Elk Grove Village, IL and $1,821/mo in New York, NY. Elk Grove Village, IL has the lower rent by about 11%.
Median household income is $94,175 in Elk Grove Village, IL and $80,483 in New York, NY. Elk Grove Village, IL has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Air quality data is not yet available for one or both cities.
State tax data is not yet available for one or both cities.
RPP data needed for salary equivalence calculation 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
