F
37%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
115%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Elmhurst Illinois National
Cost of living13796100
Goods & Services10797100
Groceries10498100
Health care10895100
Housing21595100
Transportation107103100
Utilities8989100

An Overview of Cost of Living in Elmhurst, IL

Are you thinking about relocating, but curious about the potential cost of living in Elmhurst? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Elmhurst stands at 137, making it 37% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Elmhurst is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Elmhurst falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs are a very significant part of the Elmhurst cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 114.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Elmhurst Affordable?

Wondering if Elmhurst is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Elmhurst, for example, the median home price is 139.5% higher than what folks pay nationally, and monthly rent is 57% higher than the usual rates. Plus, income levels matter too, with Elmhurst boasting a median household income of $123,869, which is 123.9% higher than the national average.

What Factors can Influence the Cost of Living in Elmhurst?

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Elmhurst, the transportation index is 7.2% higher than the national average.

Where is the Data From?

The cost of living data in Elmhurst displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Elmhurst is 42% higher than the Illinois average
  • The cost of living in Elmhurst is 37% higher than the national average
  • Elmhurst housing is 115% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Elmhurst

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Compare Elmhurst, IL Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$138,621$11,552$3,234$4,159
      Renters$64,034$5,336$1,494$1,921
      A good way to judge both the affordability of the housing and the cost of living in Elmhurst is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Elmhurst has a median income of about $138,621 for people who own homes. Based on that number, a maximum of $3,234 should be spent on expenses related to housing. Renters have a slightly different median income, which is $64,034. Based on this average, renters should spend no more than $1,494 on all rental costs if they want to maintain a non-impoverished standard of living.

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Goods & Services

      Item Elmhurst National avg. Difference
      Haircut $33.69$24.2638.9%
      Beauty Salon $53.44$45.5617.3%
      Toothpaste $3.75$3.701.4%
      Shampoo $1.27$1.281.1%
      Movie $17.91$12.1347.6%
      Bowling $24.58$18.0036.6%

      Groceries

      Item Elmhurst National avg. Difference
      Ground Beef $5.28$5.849.5%
      Fried Chicken $1.42$1.579.7%
      Milk $4.87$4.674.3%
      Potatoes $4.90$4.930.7%
      Pizza $13.41$12.0910.9%
      Beer $10.00$10.414.0%

      Health Care

      Item Elmhurst National avg. Difference
      Optometrist $118.27$125.685.9%
      Doctor $167.67$135.7823.5%
      Dentist $128.22$113.2913.2%
      Ibuprofen $10.97$10.652.9%
      Lipitor $382.34$468.6018.4%

      Housing

      Item Elmhurst National avg. Difference
      Home Price $442,400.00$184,700.00139.5%
      Avg. Mortgage Payment $2,578.06$2,346.699.9%
      Apartment Rent $1,490.00$949.0057.0%

      Transportation

      Item Elmhurst National avg. Difference
      Gasoline $3.56$3.462.7%
      Tire Balancing $70.87$59.9218.3%

      Utilities

      Item Elmhurst National avg. Difference
      All Electricity $148.58$193.9923.4%
      Phone $210.03$192.259.3%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hodgkins, IL1,7538514.6%
      Hometown, IL4,216919.0%
      Merrionette Park, IL1,973964.4%
      Maywood, IL23,3511000.0%
      Bellwood, IL18,7991011.0%
      Elmhurst, IL46,57113737.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Alexandria, LA46,545918.6%
      Mansfield, OH46,4508118.5%
      Salina, KS46,7068712.7%
      Middletown, CT46,40611212.4%
      Bothell, WA46,38616464.0%
      Elmhurst, IL46,57113737.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.