There are 20 retirement homes serving Elgin, Illinois. This includes 1 in Elgin and 19 nearby. Retirement home living costs in Illinois range from around $19 to $119 daily, with an average cost running around $70. The monthly cost averages roughly $2,092 and ranges between $576 and $3,575. On a yearly basis, the mean cost is about $25,109, which is above the national average of $23,100.
The cost for retirement home living in Elgin can range from as little as $1,645 per month all the way up to $5,033 per month. The median cost is approximately $2,692 per month, or around $32,307 per year.
Elgin is a medium-sized city in Kane County within the State of Illinois. It is part of the Chicago-Naperville-Joliet metropolitan statistical area. With 117,295 residents residing in the city itself and 6,987,494 in the encompassing area, it is the 8th biggest city in the state. About 19% of the local residents are over 55.
Elgin has an average SeniorScore™ of 67. The city's mean household income is $62,000 ($25,000 on a per capita basis), compared to an average of $54,000 for the whole of Illinois. The mean home price in Elgin is $237,000, which is somewhat higher than the Illinois average of $187,500. The city also has a moderate unemployment rate of about 8.43%.
Elgin has extreme average temperatures, with cold winters and pleasant summers. The area gets low amounts of rain each year. Elgin has average air quality, average water quality, and a low rate of crime in comparison to other American cities.