Salary & Cost of Living in Elmhurst, IL
Elmhurst, IL: $53,213 median salary, cost of living index 87.5, $14.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$53,213
$26/hr
Cost of Living
87.5
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
4.2%
rate
Elmhurst, IL Overview
Population
46,756
Median Salary
$53,213
Average Salary
$59,599
Avg Commute
19 min
Median Home Price
$217,000
Median Rent
$891/mo
Job Growth
+1.8%
Sales Tax
6.25%
Elmhurst is located in Illinois with a population of 46,756. The median household salary is $53,213 per year ($26/hour), which is $6,171 below the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +1.8%.
Elmhurst Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Elmhurst, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$42,161
$3,513.43/month · $1,621.58/biweekly · Effective Rate: 20.8%
Gross Pay
$53,213
Federal Tax
-$4,347
State Tax
-$2,634
Local Tax
$0
FICA
-$4,071
Net Pay
$42,161
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,434.42 | $53,213.00 |
| Federal Income Tax | -$362.25 | -$4,347.06 |
| Illinois State Tax (4.95%) | -$219.50 | -$2,634.04 |
| Social Security (6.2%) | -$274.93 | -$3,299.21 |
| Medicare (1.45%) | -$64.30 | -$771.59 |
| Net Take-Home Pay | $3,513.43 | $42,161.10 |
Salary Comparison: Elmhurst vs Other Cities
See how Elmhurst's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Elmhurst, IL | $53,213 | 87.5 | $60,815 |
| National Average | $59,384 | 100 | $59,384 |
| Oviedo, FL | $53,211 | 91.2 | $58,345 |
| Bartlett, IL | $53,203 | 92 | $57,829 |
| Roy, UT | $53,200 | 96.1 | $55,359 |
| Harlingen, TX | $53,163 | 98.5 | $53,973 |
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 Elmhurst
Elmhurst's cost of living index is 87.5 (national average = 100). Living in Elmhurst is 12.5% less expensive than the national average.
Median Home Price
$217,000
Median Monthly Rent
$891
Annual Rent Cost
$10,692
Your Salary's Purchasing Power
Your $42,161 annual take-home pay in Elmhurst has the purchasing power of approximately $48,184 in an average-cost US area. Your $53,213 salary stretches further here than in most US cities.
Top Industries in Elmhurst
Elmhurst's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $53,213.
Salary Tips for Elmhurst Workers
- Your salary goes further here. Elmhurst has a cost of living 12.5% below the national average. A salary of $53,213 here has the purchasing power of about $60,815 in an average-cost area.
- Research top industries. Elmhurst's top industries include Finance, Manufacturing, Technology. Targeting roles in these sectors can help you earn above the $53,213 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.
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Frequently Asked Questions
What is the median salary in Elmhurst, IL?
The median salary in Elmhurst, IL is $53,213 per year, or $26 per hour. The average salary is $59,599. This is $6,171 below the national median of $59,384.
What is the cost of living in Elmhurst, IL?
Elmhurst's cost of living index is 87.5 (national average = 100), meaning it is 12.5% less expensive compared to the national average. The median home price is $217,000 and the median monthly rent is $891.
What are the best industries in Elmhurst?
The top industries in Elmhurst, IL include Finance, Manufacturing, Technology. The city has a job growth rate of 1.8% and an unemployment rate of 4.2%. Workers in these industries often earn above the city's median salary of $53,213.
How does Elmhurst's salary compare to other cities?
Elmhurst's median salary of $53,213 is 10.4% below the national median of $59,384. However, when adjusted for cost of living (index: 87.5), the real purchasing power is approximately $60,815.
What is the minimum wage in Elmhurst, IL?
The minimum wage in Elmhurst, 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.