The cost of living in Elgin, Illinois (IL) is lower than the average cost of living in the state of Illinois but higher than the nationwide city average. The average annual pay in Elgin is $54,937.00, which is $1,510.00 lower than the salary average in Illinois but higher than the U.S. average yearly wages by $1,316.00.
The CPI calculation is based on a statistical model that takes into account some of the major personal consumption categories such as healthcare, transportation, housing, education and food, in addition to the average Elgin annual salary, sales tax rates and the regional consumer price index.
