Kane County · Illinois · Midwest · 24k residents
South Elgin, IL: economy, jobs & business costs
The site-selection read on South Elgin: labor costs, talent, corporate tax, energy, and business activity, with the Illinois median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,251/wk. Illinois's corporate income tax rate is 9.5%. Commercial electricity averages 11.8¢/kWh.
Compare South Elgin side by side
Avg. weekly wage
$1,251/wk
Corporate income tax
9.5%
Bachelor's degree or higher
37.7%
Commercial electricity
11.8¢/kWh
Economic momentum
How fast South Elgin's economy is moving, ranked against the US cities we track.
26/100
Cooling
Ranks South Elgin's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $339,100 |
| Price per sq. ft. | $175 |
| Property tax rate | 2.1% |
| 1-bedroom rent | $1,590/mo |
| 2-bedroom rent | $1,704/mo |
| State & local income tax | 4.95% |
| Sales tax | 8.85% |
| Corporate income tax | 9.5% |
| Avg. weekly wage | $1,251/wk |
| Bachelor's degree or higher | 37.7% |
| Commercial electricity | 11.8¢/kWh |
| Businesses per 1k residents | 24.9/1k |
| Wage: Software developer | $134,380 |
| Wage: Registered nurse | $100,490 |
| Wage: General manager | $109,390 |
| Wage: Customer service | $47,100 |
| Wage: Warehouse worker | $38,450 |
| Wage: Heavy truck driver | $62,300 |
| Wage: Electrician | $102,350 |
| Wage: Retail salesperson | $35,820 |
| Cost of living index | 102 |
| Groceries index | 98 |
| Utilities | $165/mo |
| Transit pass | $75/mo |
| Gas price | $3.65/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,300/mo |
| Median household income | $127,203 |
| Unemployment rate | 4.7% |
| Population | 24k |
| Crime index | 50/100 |
| School rating | 6.3/10 |
| Walkability | 30/100 |
| Disaster risk | 95/100 |
| Avg. commute | 29 min |
| Sunny days / year | 190 days |
| July high | 84°F |
| January low | 14°F |
| Annual snowfall | 32 in |
| Home price YoY | +3.7% |
| Home price MoM | +0.1% |
| Rent YoY | — |
| Rent MoM | -0.5% |
| Employment (jobs) YoY | -0.1% |
| Building permits YoY | -50.0% |
| Ocean coast | 731 mi |
| Big lake | 35 mi |
| Mountains | 332 mi |
| Major airport | 21 mi |
| Ski resort | 209 mi |
Popular comparisons
Nearby
- Elgin, IL · 115k
- St. Charles, IL · 33k
- Streamwood, IL · 39k
- Bartlett, IL · 41k
- Geneva, IL · 21k
Similar size
- Collinsville, IL · 24k
- Rolling Meadows, IL · 24k
- Kankakee, IL · 24k
- Homer Glen, IL · 25k
- Melrose Park, IL · 25k
Real listings in South Elgin
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is South Elgin a good place to run a business?
- Illinois's corporate income tax rate is 9.5%; average weekly wages in the surrounding labor market run $1,251/wk; commercial electricity averages 11.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in South Elgin, IL?
- South Elgin indexes at 102 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,704/mo and a acs median home value of $339,100.
- How much does a house cost in South Elgin?
- The acs median home value in South Elgin is $339,100 (Census ACS estimate; individual listings vary).
- How much is rent in South Elgin?
- A two-bedroom in South Elgin rents for about $1,704/mo.