Cost of Living in Elmhurst, IL
January 28, 2025
Elmhurst, IL
, with its
picturesque streets
and
vibrant
community life, draws many who are looking to plant roots. But what does it cost to live here? Our guide breaks down every aspect of the cost of living in Elmhurst, ensuring you’re fully prepared for your move.
Understanding Elmhurst, IL: An Overview
Elmhurst, located in DuPage County, is home to approximately 46,000 residents. Known for its mix of
suburban charm
and urban convenience, Elmhurst offers a
rich history
and a robust local economy.
Geographical Location and Accessibility One of Elmhurst’s greatest assets is its location. Situated just 16 miles west of downtown Chicago, it offers easy access to the city via major highways and the Metra train service. This makes it an ideal place for those who work in Chicago but prefer suburban living.
Housing Costs in Elmhurst, IL
When considering the move to Elmhurst, one of the most significant factors to assess is the housing cost. Elmhurst provides a range of housing options from charming single-family homes to modern apartments, catering to various lifestyle needs.
Overview of Housing Market
Elmhurst is known for its well-maintained homes and attractive neighborhoods. This can vary significantly depending on the neighborhood, the age of the home, and the property's size.
Trends in Property Values The housing market in Elmhurst has seen steady growth over recent years. Realtor.com reports a year-over-year increase in property values of about 5%, reflecting the area's desirability and stable market.
Rental Market Analysis Renting is another viable option in Elmhurst, especially for young professionals or those not yet ready to buy. Popular Neighborhoods for Renters Some of the most sought-after neighborhoods for renters include Downtown Elmhurst, with its mix of urban amenities and suburban tranquility, and the College View area, known for its proximity to Elmhurst College and local schools. Cost of Homeownership Mortgage Mortgage rates are a crucial part of homeownership costs. In Elmhurst, the average mortgage rate for a 30-year fixed mortgage is around 3.5%. However, individual rates may vary based on credit score and loan terms. Home Insurance Home insurance is another essential component of housing costs. This varies based on coverage specifics and the home’s value.
Utilities and Monthly Expenses Understanding the recurring monthly expenses for utilities and other household services is crucial when evaluating the overall cost of living. Elmhurst, IL, offers a range of services, and knowing what to expect can help you budget more effectively.
Home Maintenance Costs Regular home maintenance is an ongoing expense. Keeping track of these costs can help paint a clearer picture of your monthly financial commitments when living in Elmhurst.
Food and Groceries Food expenses are a major part of the cost of living. In Elmhurst, you have various options for grocery shopping, dining out, and enjoying local cuisine, making it easier to manage your food budget while enjoying diverse meal choices. Grocery Store Elmhurst offers numerous grocery stores and supermarkets, including Jewel-Osco, Mariano’s, and Trader Joe’s. Farmer’s Markets Elmhurst hosts several farmer’s markets, providing fresh, locally-sourced produce. These markets are a great option for those who prefer organic and seasonal foods. Prices at farmer’s markets can sometimes be higher than supermarket prices, but they offer the advantage of fresher and often higher-quality products. Dining Out in Elmhurst Dining out in Elmhurst offers a range of options from casual eateries to fine dining. Popular Local Restaurants Elmhurst Brewing Company : Known for its craft beers and pub fare.
Rental Market Analysis Renting is another viable option in Elmhurst, especially for young professionals or those not yet ready to buy. Popular Neighborhoods for Renters Some of the most sought-after neighborhoods for renters include Downtown Elmhurst, with its mix of urban amenities and suburban tranquility, and the College View area, known for its proximity to Elmhurst College and local schools. Cost of Homeownership Mortgage Mortgage rates are a crucial part of homeownership costs. In Elmhurst, the average mortgage rate for a 30-year fixed mortgage is around 3.5%. However, individual rates may vary based on credit score and loan terms. Home Insurance Home insurance is another essential component of housing costs. This varies based on coverage specifics and the home’s value.
Utilities and Monthly Expenses Understanding the recurring monthly expenses for utilities and other household services is crucial when evaluating the overall cost of living. Elmhurst, IL, offers a range of services, and knowing what to expect can help you budget more effectively.
Home Maintenance Costs Regular home maintenance is an ongoing expense. Keeping track of these costs can help paint a clearer picture of your monthly financial commitments when living in Elmhurst.
Food and Groceries Food expenses are a major part of the cost of living. In Elmhurst, you have various options for grocery shopping, dining out, and enjoying local cuisine, making it easier to manage your food budget while enjoying diverse meal choices. Grocery Store Elmhurst offers numerous grocery stores and supermarkets, including Jewel-Osco, Mariano’s, and Trader Joe’s. Farmer’s Markets Elmhurst hosts several farmer’s markets, providing fresh, locally-sourced produce. These markets are a great option for those who prefer organic and seasonal foods. Prices at farmer’s markets can sometimes be higher than supermarket prices, but they offer the advantage of fresher and often higher-quality products. Dining Out in Elmhurst Dining out in Elmhurst offers a range of options from casual eateries to fine dining. Popular Local Restaurants Elmhurst Brewing Company : Known for its craft beers and pub fare.
- Francesca’s Amici : Offers classic Italian dishes in an upscale setting.
- Wildfire : A favorite for American cuisine and steaks.
Elmhurst offers a broad array of food options that can fit various budgets and culinary preferences, making it easy to enjoy good food while managing expenses.
Healthcare Costs Healthcare expenses are another critical component of the overall cost of living. Elmhurst, IL, is home to many healthcare facilities that provide high-quality care, but it’s essential to understand the costs associated with medical services and insurance. Availability of Medical Services Elmhurst is served by Elmhurst Hospital, a highly-rated facility that offers a wide range of services including emergency care, specialized surgeries, and outpatient services. Additionally, there are numerous clinics and private practices that provide primary and specialized care.
- Elmhurst Hospital: General and specialized care.
- Edward-Elmhurst Health Center: Offers outpatient services.
- AMITA Health Medical Group: Various specialties available.
- York Community High School
- Sandburg Middle School
- Hawthorne Elementary School
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