Elk Grove Village Remains the Most Affordable Community for Residents
A 2019 survey of seven comparable communities shows that Elk Grove Village continues to provide the lowest cost of living for residents. Elk Grove Village routinely compares itself to neighboring municipalities and we are proud of our reputation of offering high quality services at affordable prices. Not only has Elk Grove Village maintained our place as the most affordable community since we began this survey over ten years ago, this also marks the 21st year that our residents have had the lowest combined property tax rate in the area.
The annual cost-of-living survey is intended to account for the entire range of municipal taxes and fees that impact residents-this includes property tax, sales tax, natural gas tax, cable franchise fees, waste/recycling services, water/sewer rates, and various other costs. The graph below shows that Elk Grove Village has the lowest annual municipal impact for these taxes and fees, coming in at under $9,600 per year.
The Village is able to maintain this low cost of living in large part to our robust business community. We work hard to cultivate relationships and provide value to our business community to help keep costs low for residents.
Mayor Craig B. Johnson Stated:
"Elk Grove Village is dedicated to serving our residents and we are proud to offer an incomparable quality of life in an affordable community."
For the Cost of Living Analysis- Survey Summary of Comparable Communities, click here.
For the Cost of Living Analysis- Detail Survey of Comparable Communities, click here.