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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

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You'd spend $430/month more in Phoenix, AZ

$150.0K in your current city equals $155.2K in Phoenix, AZ

Rent data from HUD ZIP-level estimates · COL index from Chicago-Naperville-Elgin, IL-IN-WI area
Overall Cost
5.7%
More expensive
Monthly Impact
$430
Extra cost
Annual Impact
$5.2K
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
100 = national average
Median Home:$305K

Phoenix, AZ

Population:1608K
Cost Index:
106
(6% above avg)
Median Home:$414K

Elk Grove Village, IL

The Prairie State

31K
Population
State Tax
Yes

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

Phoenix, AZ

The Grand Canyon State

1.6M
Population
State Tax
Yes
Climate
Hot desert

Notable Facts

  • Fastest growing major city
  • Desert metropolis
  • Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: Elk Grove Village, IL vs Phoenix, AZ

Housing
11.9%
Elk Grove Village, IL
$2,492
Phoenix, AZ
$2,788
Difference
$297
more
Other
5.7%
Elk Grove Village, IL
$1,587
Phoenix, AZ
$1,677
Difference
$90.37
more
All Utilities
13.8%
Elk Grove Village, IL
$493
Phoenix, AZ
$561
Difference
$67.93
more
Transportation
1.8%
Elk Grove Village, IL
$1,517
Phoenix, AZ
$1,489
Difference
$28.05
less
Healthcare
4.1%
Elk Grove Village, IL
$565
Phoenix, AZ
$589
Difference
$23.43
more
Groceries
1.5%
Elk Grove Village, IL
$978
Phoenix, AZ
$963
Difference
$14.69
less

🏠Rent Comparison

Studio
From$921
To$1,390
$469
1 Bed
From$1,113
To$1,510
$397
2 Bed
From$1,343
To$1,750
$407
3 Bed
From$1,842
To$2,330
$488
Phoenix, AZZIP-level data

1BR range: $1,300$2,380/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
$8,068
Monthly in Phoenix, AZ
$436
Difference

Home Values

Elk Grove Village
Phoenix
-
Median Value
$414K
-
YoY Change
↓ -3.1%
-
5-Year Change
↑ +30.2%
-
Price Range
$274K - $957K

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
$2.2K
Per year
Monthly Difference
$183
More take-home
Effective Rate Diff
1.5%
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

Phoenix, AZ

Federal Income Tax
Effective: 18.9%
$25.5K
Arizona State Tax
Effective: 3.5%
$5.2K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 28.2%
$42.2K
Take-Home Pay
$8,979/month
$107.8K

Additional Tax Information

Elk Grove Village, IL Tax Rates

Sales Tax:8.8%
Property Tax:2.2%

Phoenix, AZ Tax Rates

Sales Tax:8.5%
Property Tax:0.6%

💡 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.

Environment

Elk Grove Village
Phoenix
54 Moderate
Air Quality
77 Moderate
35.8%
Good Air Days
9%
100 Very High
Climate Risk
100 Very High
🌊🌡🫨
Top Hazards
🔥🌊🌡
+3.2°F
2050 Outlook
+2.7°F
18 days
Heat Days >95°F
162 days
+3.2°F
2050 Outlook
+2.7°F
18 days
Heat Days >95°F
162 days

What to Consider When Moving from Elk Grove Village, IL to Phoenix, AZ

Relocating from Elk Grove Village, IL to Phoenix, AZ involves more than just comparing rent prices. While the overall cost of living is roughly 6% higher in Phoenix, AZ, your actual experience will depend on your lifestyle, job situation, and priorities. Here are the key factors to weigh before making the move.

Housing & Rent

Housing is typically the largest line item in any budget, and it’s where the biggest differences show up between cities. In this comparison, housing in Phoenix, AZ is 12% more expensive than in Elk Grove Village, IL. Keep in mind that neighborhood choice within a city can swing rent by 30–50%, so research specific areas — not just city averages — before signing a lease. If you’re buying, factor in property tax rates, which vary significantly by county and state.

Job Market & Salary Adjustments

A lower cost of living doesn’t help if your salary drops proportionally. Before committing to a move, research whether employers in Phoenix, AZ pay comparable wages for your role. Remote workers may keep their current salary, but some companies adjust pay based on location. Use the salary calculator above to see what you’d need to earn in Phoenix, AZ to match your current standard of living in Elk Grove Village, IL.

Taxes & Take-Home Pay

State income tax, property tax, and sales tax all affect how far your paycheck stretches. Some states have no income tax but make up for it with higher property or sales taxes. The tax comparison section above breaks down how your take-home pay would change. Don’t forget about vehicle registration fees, tolls, and other state-specific costs that add up over a year.

Quality of Life & Lifestyle Fit

Numbers only tell part of the story. Consider climate preferences, commute times, proximity to family, school quality if you have children, healthcare access, and the general “feel” of a city. A place that’s 15% cheaper might not be worth it if it means a longer commute or fewer amenities you value. If possible, visit Phoenix, AZ for a week before making a final decision — experiencing the day-to-day rhythm matters more than any spreadsheet.

Frequently Asked Questions: Elk Grove Village, IL vs Phoenix, AZ

Is Phoenix, AZ cheaper than Elk Grove Village, IL?

Phoenix, AZ is approximately 5.7% more expensive than Elk Grove Village, IL overall. On a $150,000 salary, that translates to roughly $430/month in additional expenses. Housing is the biggest factor, costing 12% more in Phoenix, AZ.

What salary do I need in Phoenix, AZ to match my lifestyle in Elk Grove Village, IL?

If you currently earn $150,000 in Elk Grove Village, IL, you would need approximately $155,163 in Phoenix, AZ to maintain the same standard of living. This accounts for differences in housing, groceries, transportation, utilities, healthcare, and other typical expenses. Use the salary input above to adjust this based on your actual income.

How does rent compare between Elk Grove Village, IL and Phoenix, AZ?

A two-bedroom apartment averages $1,343/month in Elk Grove Village, IL compared to $1,750/month in Phoenix, AZ. One-bedroom apartments are $1,113/month in Elk Grove Village, IL vs $1,510/month in Phoenix, AZ. These are area-wide medians — specific neighborhoods can vary significantly. Check the ZIP-level rent breakdown above for more granular data.

Are groceries more expensive in Elk Grove Village, IL or Phoenix, AZ?

Groceries are about 2% cheaper in Phoenix, AZ than in Elk Grove Village, IL, saving a typical household roughly $14.69/month on food.

What is the best time to move from Elk Grove Village, IL to Phoenix, AZ?

Most people find that moving during the off-season (October through March) results in lower moving costs, since demand for movers and rental trucks drops. If you're renting, you may also find more negotiable lease terms during winter months. However, if you have school-age children, summer moves allow for a smoother school transition. For the best combination of availability and price, consider moving in early fall or late spring.

💰 See how taxes change too — compare take-home pay between Illinois and Arizona on TaxTakeHome.com

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