Is Raleigh, NC cheaper than Elk Grove Village, IL?

Based on cost of living data, Raleigh, NC is 0.6% cheaper than Elk Grove Village, IL. The two cities have very similar living costs.

What salary do I need in Raleigh, NC to live like I do in Elk Grove Village, IL?

If you earn $150,000 in Elk Grove Village, IL, you'd need approximately $149,446.12 in Raleigh, NC to maintain the same standard of living.

How does housing cost compare between Elk Grove Village, IL and Raleigh, NC?

Housing in Raleigh, NC is 0.9% cheaper than in Elk Grove Village, IL. For a two-bedroom apartment, rent is $1,800/month in Raleigh, NC 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 Raleigh, NC?

Moving from Elk Grove Village, IL to Raleigh, NC could save you approximately $46 per month, or $554 per year, based on a $150,000 salary.

Elk Grove Village, IL vs Raleigh, NC: Cost of Living Comparison 2026

MoveNumbers

Tap to swap

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 save $46.16/month moving to Raleigh, NC

$150.0K in your current city equals $149.4K in Raleigh, NC

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

Overall Cost

↓ 0.6%

Less expensive

Monthly Impact

$46.16

Savings

Annual Impact

$554

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

Raleigh, NC

Population:474K

Cost Index:99

Median Home:$512K

Elk Grove Village, IL

The Prairie State

31K

Population

State Tax

Yes

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

Raleigh, NC

The Tar Heel State

474K

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Research Triangle
•State capital
•Major university town

Major Industries

TechnologyResearchEducationGovernment

Cost Breakdown by Category

Annual spending: Elk Grove Village, IL vs Raleigh, NC

Category	Elk Grove Village, IL	Raleigh, NC	Difference	Change
🚗Transportation	$1,517/mo	$1,284/mo	↓ $233less	15.4%
📦Other	$1,587/mo	$1,707/mo	↑ $120more	7.6%
⚡All Utilities	$493/mo	$546/mo	↑ $53.17more	10.8%
🏥Healthcare	$565/mo	$601/mo	↑ $35.82more	6.3%
🏠Housing	$2,492/mo	$2,469/mo	↓ $23.00less	0.9%
🛒Groceries	$978/mo	$959/mo	↓ $18.69less	1.9%

🚗Transportation

↓ 15.4%

Elk Grove Village, IL

$1,517

Raleigh, NC

$1,284

Difference

$233

less

📦Other

↑ 7.6%

Elk Grove Village, IL

$1,587

Raleigh, NC

$1,707

Difference

$120

⚡All Utilities

↑ 10.8%

Elk Grove Village, IL

$493

Raleigh, NC

$546

Difference

$53.17

🏥Healthcare

↑ 6.3%

Elk Grove Village, IL

$565

Raleigh, NC

$601

Difference

$35.82

🏠Housing

↓ 0.9%

Elk Grove Village, IL

$2,492

Raleigh, NC

$2,469

Difference

$23.00

less

🛒Groceries

↓ 1.9%

Elk Grove Village, IL

$978

Raleigh, NC

$959

Difference

$18.69

less

🏠Rent Comparison

Studio

From$921

To$1,570

↑ $649

1 Bed

From$1,113

To$1,640

↑ $527

2 Bed

From$1,343

To$1,800

↑ $457

3 Bed

From$1,842

To$2,255

↑ $413

Raleigh, NCZIP-level data

1BR range: $1,400–$1,880/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

$7,567

Monthly in Raleigh, NC

$65.15

Difference

Home Values

Elk Grove Village

Raleigh

Median Value

$512K

YoY Change

↓ -0.5%

5-Year Change

↑ +38.2%

Price Range

$314K - $992K

Calculate payment - Raleigh

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $300

Per year

Monthly Difference

$25.00

More take-home

Effective Rate Diff

0.2%

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

Raleigh, NC

Federal Income Tax

Effective: 18.9%

$25.5K

North Carolina State Tax

Effective: 4.8%

$7.1K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.4%

$44.1K

Take-Home Pay

$8,822/month

$105.9K

Additional Tax Information

Elk Grove Village, IL Tax Rates

Sales Tax:8.8%

Property Tax:2.2%

Raleigh, NC Tax Rates

Sales Tax:7.1%

Property Tax:0.8%

💡 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.