Elkhorn, WI vs Savoy, IL: Cost of Living

Which city costs less?

Savoy, IL has a modeled overall cost index 4.4% lower than Elkhorn, WI.

Elkhorn, WI · modeled 2BR rent
$1,130 / month
Savoy, IL · modeled 2BR rent
$1,020 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Elkhorn, WI and Savoy, IL using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

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Estimated savings: $430/month in Savoy, IL

$150,000 in your current city has a modeled equivalent of $144,841 in Savoy, IL

Regional cost estimates: Elkhorn, WI uses Milwaukee, WI. Savoy, IL uses Indianapolis, IN. Available city ZIP rent estimates are shown separately.
Overall Cost
↓ 4.4%
Less expensive
Monthly Impact
$430
Savings
Annual Impact
$5.2K
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Elkhorn, WI

Population:10K
Cost Index:
84.1
100 = national average
Typical Home:$382K

Savoy, IL

Population:9K
Cost Index:
80.4
100 = national average
Typical Home:$344K

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Elkhorn, WI

The Badger State

10K
Population
State Tax
Yes

Located in Wisconsin, this city has a population of 10K residents.

Savoy, IL

The Prairie State

9K
Population
State Tax
Yes

Located in Illinois, this city has a population of 9K residents.

Cost Breakdown by Category

Estimated monthly spending: Elkhorn, WI vs Savoy, IL

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Transportation
↓ 15.6%
Elkhorn, WI
$1,503
Savoy, IL
$1,269
Difference
$234
less
Healthcare
↓ 19.0%
Elkhorn, WI
$799
Savoy, IL
$647
Difference
$152
less
Groceries
↓ 4.2%
Elkhorn, WI
$1,066
Savoy, IL
$1,022
Difference
$44.56
less
Housing
↑ 1.3%
Elkhorn, WI
$1,849
Savoy, IL
$1,874
Difference
$24.54
more
Other
↓ 1.1%
Elkhorn, WI
$1,717
Savoy, IL
$1,699
Difference
$18.29
less
All Utilities
↓ 1.1%
Elkhorn, WI
$565
Savoy, IL
$559
Difference
$6.14
less

🏠Rent Comparison

Studio
From$780
To$860
↑ $80.00
1 Bed
From$860
To$860
→ $0
2 Bed
From$1,130
To$1,020
↓ $110
3 Bed
From$1,420
To$1,310
↓ $110
Elkhorn, WIZIP-level data

1BR range: $860–$860/mo

Savoy, ILZIP-level data

1BR range: $860–$860/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in Elkhorn, WI
$7,070
Monthly in Savoy, IL
$430
Difference

Home Values

Elkhorn
Savoy
$382K
Median Value
$344K
↑ +3.1%
YoY Change
↑ +4.9%
↑ +36.4%
5-Year Change
↑ +38.1%

Homes in Savoy are 10% less expensive than Elkhorn

Calculate payment - ElkhornCalculate payment - Savoy

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↑ $1.4K
Per year
Monthly Difference
$119
More take-home
Effective Rate Diff
0.9%
Rate difference

Elkhorn, WI

Federal Income Tax
Effective: 18.9%
$25.5K
Wisconsin State Tax
Effective: 5.9%
$8.8K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 30.6%
$45.9K
Take-Home Pay
$8,678/month
$104.1K

Savoy, 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

Additional Tax Information

Elkhorn, WI Tax Rates

Sales Tax:5.6%
Property Tax:1.8%

Savoy, IL Tax Rates

Sales Tax:8.8%
Property Tax:2.2%

💡 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

Elkhorn
Savoy
43 Good
Air Quality
54 Moderate
68.6%
Good Air Days
36.6%
98 High
Climate Risk
97 High
🌊🌡🌪
Top Hazards
🌊🌡🌪
▲+3.3°F
2050 Outlook
▲+3.1°F
13 days
Heat Days >95°F
18 days
▲+3.3°F
2050 Outlook
▲+3.1°F
13 days
Heat Days >95°F
18 days

Before moving from Elkhorn, WI to Savoy, IL

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Savoy, IL for the same bedroom count and included utilities as your home in Elkhorn, WI. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Elkhorn to Savoy moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Savoy, IL by cost, housing, population and region.

Frequently Asked Questions: Elkhorn, WI vs Savoy, IL

How do the cost estimates for Elkhorn, WI and Savoy, IL compare?

Savoy, IL has a modeled overall cost index 4.4% lower than Elkhorn, WI. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Elkhorn, WI, the model estimates $144,841 in Savoy, IL. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Elkhorn, WI and Savoy, IL?

The modeled two-bedroom rents are $1,130/month in Elkhorn, WI and $1,020/month in Savoy, IL. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

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

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