Elk Grove Village Hourly Wage & Salary 2026
Elk Grove Village, IL: $22.67/hr median hourly wage, $47,144 median annual salary, cost of living index 91.8, and $14.00/hr minimum wage. Calculate take-home pay with federal and Illinois taxes.
Elk Grove Village Hourly Wage Quick Answer
The median hourly wage in Elk Grove Village, IL is $22.67/hr, equivalent to $47,144 per year at 2,080 work hours. Entry-level pay estimates around $14.06/hr, senior-level pay estimates around $32.19/hr, and the local minimum wage is $14.00/hr.
Median Salary
$47,144
$22.67/hr
Cost of Living
91.8
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
4.3%
rate
Elk Grove Village, IL Overview
Population
32,750
Median Salary
$47,144
Average Salary
$52,801
Avg Commute
16 min
Median Home Price
$237,000
Median Rent
$964/mo
Job Growth
+2.2%
Sales Tax
6.25%
Elk Grove Village is located in Illinois with a population of 32,750. The median household salary is $47,144 per year ($22.67/hour), which is $12,240 below the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +2.2%.
Elk Grove Village Salary by Experience Level (2026)
Wage distribution in Elk Grove Village, IL based on BLS percentile breakdown of the $47,144 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $29,229 | $14.06/hr | 0–2 years |
| Mid-Level (Median) | $47,144 | $22.67/hr | 3–7 years |
| Senior-Level | $66,944 | $32.19/hr | 8–15 years |
| Top 10% (90th Percentile) | $83,916 | $40.35/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Elk Grove Village Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Elk Grove Village, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$37,727
$3,143.88/month · $1,451.02/biweekly · Effective Rate: 20.0%
Gross Pay
$47,144
Federal Tax
-$3,477
State Tax
-$2,334
Local Tax
$0
FICA
-$3,607
Net Pay
$37,727
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,928.67 | $47,144.00 |
| Federal Income Tax | -$289.77 | -$3,477.28 |
| Illinois State Tax (4.95%) | -$194.47 | -$2,333.63 |
| Social Security (6.2%) | -$243.58 | -$2,922.93 |
| Medicare (1.45%) | -$56.97 | -$683.59 |
| Net Take-Home Pay | $3,143.88 | $37,726.58 |
Salary Comparison: Elk Grove Village vs Other Cities
See how Elk Grove Village's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Elk Grove Village, IL | $47,144 | 91.8 | $51,355 |
| National Average | $59,384 | 100 | $59,384 |
| Lufkin, TX | $47,148 | 87.7 | $53,761 |
| Quincy, IL | $47,156 | 93.9 | $50,219 |
| Buckeye, AZ | $47,157 | 108.3 | $43,543 |
| Waxahachie, TX | $47,157 | 85 | $55,479 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Elk Grove Village
Elk Grove Village's cost of living index is 91.8 (national average = 100). Living in Elk Grove Village is 8.200000000000003% less expensive than the national average.
Median Home Price
$237,000
Median Monthly Rent
$964
Annual Rent Cost
$11,568
Your Salary's Purchasing Power
Your $37,727 annual take-home pay in Elk Grove Village has the purchasing power of approximately $41,096 in an average-cost US area. Your $47,144 salary stretches further here than in most US cities.
Top Industries in Elk Grove Village
Elk Grove Village's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $47,144.
Salary Tips for Elk Grove Village Workers
- Research top industries. Elk Grove Village's top industries include Finance, Manufacturing, Technology. Targeting roles in these sectors can help you earn above the $47,144 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Elk Grove Village salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Elk Grove Village-IL metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Elk Grove Village indexed at 91.8.
- Median salary calculation: weighted average of Elk Grove Village's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $47,144 annual median.
- Tax burden reflects Illinois state income tax (4.95%) (no local income tax), sales tax (6.25%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Elk Grove Village: 4.3%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Finance, Manufacturing, Technology — based on QCEW employment concentration data.
- Job growth: 2.2% projected through 2034, derived from BLS Employment Projections program for Illinois.
- Housing context: median home price $237,000, median rent $964/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Elk Grove Village, IL:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Elk Grove Village unemployment rate
- U.S. Census Bureau — Elk Grove Village QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Illinois — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Elk Grove Village's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Illinois labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the hourly wage in Elk Grove Village, IL?
The median hourly wage in Elk Grove Village, IL is $22.67 per hour. At a standard 2,080-hour work year, that equals about $47,144 per year. Entry-level workers are estimated around $14.06/hr, while senior-level workers are estimated around $32.19/hr before overtime, bonuses, or benefits.
What is the median salary in Elk Grove Village, IL?
The median salary in Elk Grove Village, IL is $47,144 per year, or $22.67 per hour. The average salary is $52,801. This is $12,240 below the national median of $59,384.
What is the cost of living in Elk Grove Village, IL?
Elk Grove Village's cost of living index is 91.8 (national average = 100), meaning it is 8.200000000000003% less expensive compared to the national average. The median home price is $237,000 and the median monthly rent is $964.
What are the best industries in Elk Grove Village?
The top industries in Elk Grove Village, IL include Finance, Manufacturing, Technology. The city has a job growth rate of 2.2% and an unemployment rate of 4.3%. Workers in these industries often earn above the city's median salary of $47,144.
How does Elk Grove Village's salary compare to other cities?
Elk Grove Village's median salary of $47,144 is 20.6% below the national median of $59,384. However, when adjusted for cost of living (index: 91.8), the real purchasing power is approximately $51,355.
What is the minimum wage in Elk Grove Village, IL?
The minimum wage in Elk Grove Village, IL is $14.00 per hour. This equals approximately $29,120 per year for a full-time worker (40 hours/week). This is $6.75 above the federal minimum wage of $7.25/hour.