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

Based on cost of living data, Phoenix, AZ is 5.7% more expensive than Elk Grove Village, IL. This translates to spending an extra $430 per month.

What salary do I need in Phoenix, AZ to live like I do in Elk Grove Village, IL?

If you earn $150,000 in Elk Grove Village, IL, you'd need approximately $155,163.295 in Phoenix, AZ to maintain the same standard of living.

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

Housing in Phoenix, AZ is 11.9% more expensive than in Elk Grove Village, IL. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ 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 Phoenix, AZ?

Living in Phoenix, AZ costs approximately $430 more per month than Elk Grove Village, IL, or $5163 more per year, based on a $150,000 salary.

Elk Grove Village, IL vs Phoenix, AZ: 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 $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

Median Home:$305K

Phoenix, AZ

Population:1608K

Cost Index:106

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

Category	Elk Grove Village, IL	Phoenix, AZ	Difference	Change
🏠Housing	$2,492/mo	$2,788/mo	↑ $297more	11.9%
📦Other	$1,587/mo	$1,677/mo	↑ $90.37more	5.7%
⚡All Utilities	$493/mo	$561/mo	↑ $67.93more	13.8%
🚗Transportation	$1,517/mo	$1,489/mo	↓ $28.05less	1.8%
🏥Healthcare	$565/mo	$589/mo	↑ $23.43more	4.1%
🛒Groceries	$978/mo	$963/mo	↓ $14.69less	1.5%

🏠Housing

↑ 11.9%

Elk Grove Village, IL

$2,492

Phoenix, AZ

$2,788

Difference

$297

📦Other

↑ 5.7%

Elk Grove Village, IL

$1,587

Phoenix, AZ

$1,677

Difference

$90.37

⚡All Utilities

↑ 13.8%

Elk Grove Village, IL

$493

Phoenix, AZ

$561

Difference

$67.93

🚗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

🛒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

Calculate payment - Phoenix

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.