Living in Elk Grove Village, Illinois
Cost of living, income, home prices, rent and demographics of Elk Grove Village · Census data 2020–2024
Elk Grove Village has 31,987 residents with a median age of 44.8. The median household income is $94,175 (13% higher than the Illinois median), the median home value is $347,100, the median rent is $1,618/month.
Elk Grove Village at a glance
- Population
- 31,987
- Median age
- 44.8State: 39
- Median household income
- $94,175State: $83,390
- Median home value
- $347,100State: $263,300
- Median rent
- $1,618/moState: $1,274
- Homeowners
- 74.7%
- Bachelor's degree or higher
- 41.2%
- Average commute
- 26 min
Is Elk Grove Village a good place to live?
Pros: Median household income 13% higher than the Illinois median; an average commute of 26 minutes; unemployment of 4.1%; a poverty rate of 7.9%.
Cons: Home values 32% higher than the state median.
The weather is best in June to September.
Cost of living in Elk Grove Village
Housing is the biggest part of the cost of living. In Elk Grove Village the median home value is $347,100, 4% higher than the U.S. median. Renters pay a median of $1,618 per month, which is 32.7% of household income. Homeowners with a mortgage pay $2,164 a month in housing costs.
Elk Grove Village median household income
The median household income in Elk Grove Village is $94,175 and the income per person is $46,193. 7.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Elk Grove Village: homes for sale and rent
- Housing units
- 13,687
- Owner-occupied
- 74.7%
- Renter-occupied
- 25.3%
- Vacant
- 4.9%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.44
Elk Grove Village demographics
- Population
- 31,987
- Median age
- 44.8
- Under 18
- 21.5%
- 65 and older
- 20.1%
- Households
- 13,011
- Foreign-born
- 22.3%
- Veterans
- 3.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Elk Grove Village ›
Education in Elk Grove Village
41.2% of adults 25 and older in Elk Grove Village have a bachelor's degree or higher (Illinois: 37.8%), and 12.8% have a graduate or professional degree.
Jobs and commute in Elk Grove Village
- Unemployment rate
- 4.1%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 16.3%
- Drive alone
- 73%
- Public transit
- 1.6%
- Walk to work
- 0.4%
- Homes with broadband
- 93.3%
Elk Grove Village vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elk Grove Village | 31,987 | $94,175 | $347,100 | $1,618 |
| Itasca | 9,355 | $114,294 | $390,800 | $1,892 |
| Wood Dale | 13,933 | $91,382 | $318,900 | $1,675 |
| Bensenville | 18,603 | $79,515 | $272,000 | $1,407 |
| Mount Prospect | 55,472 | $101,720 | $397,400 | $1,502 |
| Schaumburg | 76,868 | $97,514 | $330,400 | $1,812 |
| Des Plaines | 59,156 | $97,875 | $335,600 | $1,606 |
| Roselle | 22,752 | $111,318 | $344,700 | $1,641 |
| Rolling Meadows | 24,027 | $98,514 | $326,200 | $1,607 |
More for people moving to Elk Grove Village
Elk Grove Village ZIP code ›Weather and climate ›Living in Elk Grove Village: FAQ
What is the median household income in Elk Grove Village, IL?
The median household income in Elk Grove Village is $94,175, 13% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elk Grove Village?
The median home value in Elk Grove Village is $347,100, compared with $263,300 in Illinois.
How much is rent in Elk Grove Village?
The median gross rent in Elk Grove Village is $1,618 per month, about 32.7% of household income.
Is Elk Grove Village, IL a good place to live?
Pluses: median household income 13% higher than the Illinois median; an average commute of 26 minutes; unemployment of 4.1%; a poverty rate of 7.9%. Minuses: home values 32% higher than the state median.
What is the median age in Elk Grove Village?
The median age in Elk Grove Village is 44.8 years (Illinois: 39).
How long is the commute in Elk Grove Village?
The average commute to work in Elk Grove Village is 26 minutes; 16.3% of workers work from home.
What is the unemployment rate in Elk Grove Village?
The unemployment rate in Elk Grove Village is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elk Grove Village?
41.2% of adults in Elk Grove Village have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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