Is Nashville, TN cheaper than Elk Grove Village, IL?

Based on cost of living data, Nashville, TN 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 Nashville, TN 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 Nashville, TN to maintain the same standard of living.

How does housing cost compare between Elk Grove Village, IL and Nashville, TN?

Housing in Nashville, TN is 6.4% more expensive than in Elk Grove Village, IL. For a two-bedroom apartment, rent is $1,840/month in Nashville, TN 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 Nashville, TN?

Living in Nashville, TN 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 Nashville, TN: 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 Nashville, TN

$150.0K in your current city equals $155.0K in Nashville, TN

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

Nashville, TN

Population:689K

Cost Index:106

Median Home:$489K

Elk Grove Village, IL

The Prairie State

31K

Population

State Tax

Yes

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

Nashville, TN

The Volunteer State

689K

Population

State Tax

No Income Tax

Climate

Humid subtropical

Notable Facts

•Music City USA
•Country music capital
•Healthcare industry hub

Major Industries

Music IndustryHealthcareTourismFinance

Cost Breakdown by Category

Annual spending: Elk Grove Village, IL vs Nashville, TN

Category	Elk Grove Village, IL	Nashville, TN	Difference	Change
📦Other	$1,587/mo	$1,942/mo	↑ $355more	22.4%
🚗Transportation	$1,517/mo	$1,284/mo	↓ $233less	15.4%
🏠Housing	$2,492/mo	$2,651/mo	↑ $159more	6.4%
🏥Healthcare	$565/mo	$607/mo	↑ $42.01more	7.4%
🛒Groceries	$978/mo	$949/mo	↓ $28.68less	2.9%
⚡All Utilities	$493/mo	$519/mo	↑ $25.85more	5.2%

📦Other

↑ 22.4%

Elk Grove Village, IL

$1,587

Nashville, TN

$1,942

Difference

$355

🚗Transportation

↓ 15.4%

Elk Grove Village, IL

$1,517

Nashville, TN

$1,284

Difference

$233

less

🏠Housing

↑ 6.4%

Elk Grove Village, IL

$2,492

Nashville, TN

$2,651

Difference

$159

🏥Healthcare

↑ 7.4%

Elk Grove Village, IL

$565

Nashville, TN

$607

Difference

$42.01

🛒Groceries

↓ 2.9%

Elk Grove Village, IL

$978

Nashville, TN

$949

Difference

$28.68

less

⚡All Utilities

↑ 5.2%

Elk Grove Village, IL

$493

Nashville, TN

$519

Difference

$25.85

🏠Rent Comparison

Studio

From$921

To$1,600

↑ $679

1 Bed

From$1,113

To$1,680

↑ $567

2 Bed

From$1,343

To$1,840

↑ $497

3 Bed

From$1,842

To$2,350

↑ $508

Nashville, TNZIP-level data

1BR range: $1,320–$2,230/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

$7,952

Monthly in Nashville, TN

$320

Difference

Home Values

Elk Grove Village

Nashville

Median Value

$489K

YoY Change

↓ -2.1%

5-Year Change

↑ +32.1%

Price Range

$320K - $1.16M

Calculate payment - Nashville

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

Nashville, TN

Federal Income Tax

Effective: 18.9%

$25.5K

Tennessee 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%

Nashville, TN Tax Rates

Sales Tax:9.5%

Property Tax:0.7%

💡 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.