Cost of Living: Addison, IL vs Elgin, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,227/mo in Addison, IL versus $4,227/mo in Elgin, IL. In the model, rent is about 18.03% of gross in Addison, IL versus 18.36% in Elgin, IL, so Addison, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Addison, IL and Elgin, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Elgin, IL
- Lower rent (median 1BR/2BR): Addison, IL
- Lower home prices: Elgin, IL
- Higher median household income: Elgin, IL
Cost of Living Index
Addison, IL: 100 (U.S. = 100) · Elgin, IL: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Addison, IL: $1,176/mo (midpoint of 1BR/2BR) · Elgin, IL: $1,197/mo
Median rent in Elgin, IL is $21/mo higher than in Addison, IL.
Median Home Price
Addison, IL: $318,000 · Elgin, IL: $252,400
Median home price in Addison, IL is $65,600 higher than in Elgin, IL.
Median Household Income
Addison, IL: $87,587 · Elgin, IL: $88,316
Elgin, IL has a higher median household income than Addison, IL by $729.
Addison, IL overview · Elgin, IL overview · Popular comparisons