Is Austin, TX cheaper than Elk Grove Village, IL?

Based on cost of living data, Austin, TX is 5.5% more expensive than Elk Grove Village, IL. This translates to spending an extra $415 per month.

What salary do I need in Austin, TX to live like I do in Elk Grove Village, IL?

If you earn $150,000 in Elk Grove Village, IL, you'd need approximately $154,978.87 in Austin, TX to maintain the same standard of living.

How does housing cost compare between Elk Grove Village, IL and Austin, TX?

Housing in Austin, TX is 15.8% more expensive than in Elk Grove Village, IL. For a two-bedroom apartment, rent is $1,995/month in Austin, TX compared to $1,343/month in Elk Grove Village, IL.

How much can I save per month by moving from Elk Grove Village, IL to Austin, TX?

Living in Austin, TX costs approximately $415 more per month than Elk Grove Village, IL, or $4979 more per year, based on a $150,000 salary.

Elk Grove Village, IL vs Austin, TX: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Elk Grove Village, IL — COL adjusted from Chicago, IL area + state data

Current salary in Elk Grove Village, IL

Numbers update automatically as you type

You'd spend $415/month more in Austin, TX

$150.0K in your current city equals $155.0K in Austin, TX

Rent data from HUD ZIP-level estimates · COL index from Chicago-Naperville-Elgin, IL-IN-WI area

Overall Cost

↑ 5.5%

More expensive

Monthly Impact

$415

Extra cost

Annual Impact

$5.0K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Elk Grove Village, IL

Population:31K

Cost Index:100

Median Home:$305K

Austin, TX

Population:979K

Cost Index:106

Median Home:$558K

Elk Grove Village, IL

The Prairie State

31K

Population

State Tax

Yes

Located in Illinois, this city has a population of 31K residents.

Austin, TX

The Lone Star State

979K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Live music capital
•Major tech hub
•SXSW festival city

Major Industries

TechnologyMusic IndustryEducationGovernment

Cost Breakdown by Category

Annual spending: Elk Grove Village, IL vs Austin, TX

Category	Elk Grove Village, IL	Austin, TX	Difference	Change
🏠Housing	$2,492/mo	$2,885/mo	↑ $393more	15.8%
🚗Transportation	$1,517/mo	$1,284/mo	↓ $233less	15.4%
📦Other	$1,587/mo	$1,741/mo	↑ $154more	9.7%
⚡All Utilities	$493/mo	$541/mo	↑ $47.71more	9.7%
🏥Healthcare	$565/mo	$589/mo	↑ $23.43more	4.1%
🛒Groceries	$978/mo	$959/mo	↓ $18.69less	1.9%

🏠Housing

↑ 15.8%

Elk Grove Village, IL

$2,492

Austin, TX

$2,885

Difference

$393

🚗Transportation

↓ 15.4%

Elk Grove Village, IL

$1,517

Austin, TX

$1,284

Difference

$233

less

📦Other

↑ 9.7%

Elk Grove Village, IL

$1,587

Austin, TX

$1,741

Difference

$154

⚡All Utilities

↑ 9.7%

Elk Grove Village, IL

$493

Austin, TX

$541

Difference

$47.71

🏥Healthcare

↑ 4.1%

Elk Grove Village, IL

$565

Austin, TX

$589

Difference

$23.43

🛒Groceries

↓ 1.9%

Elk Grove Village, IL

$978

Austin, TX

$959

Difference

$18.69

less

🏠Rent Comparison

Studio

From$921

To$1,585

↑ $664

1 Bed

From$1,113

To$1,685

↑ $572

2 Bed

From$1,343

To$1,995

↑ $652

3 Bed

From$1,842

To$2,525

↑ $683

Austin, TXZIP-level data

1BR range: $1,490–$2,350/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,632

Monthly in Elk Grove Village, IL

$7,998

Monthly in Austin, TX

$366

Difference

Home Values

Elk Grove Village

Austin

Median Value

$558K

YoY Change

↓ -5%

5-Year Change

↑ +12.6%

Price Range

$272K - $1.26M

Calculate payment - Austin

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $7.4K

Per year

Monthly Difference

$619

More take-home

Effective Rate Diff

4.9%

Rate difference

Elk Grove Village, IL

Federal Income Tax

Effective: 18.9%

$25.5K

Illinois State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,797/month

$105.6K

Austin, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Elk Grove Village, IL Tax Rates

Sales Tax:8.8%

Property Tax:2.2%

Austin, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.