![]() ![]() The Elk Grove Village consumer spending report includes data on total amount spent per subcategory and amount spent per household. The Elk Grove Village demographics report includes data on population, age, sex, race & ethnicity, housing and labor. ![]() Special community events throughout the year.One of the lowest property tax rates in the metropolitan Chicago.Highly educated residents with above-average test scores and advanced levels of education.A diverse population encompassing all ages, occupations, incomes & ethnicity.The community's planned, controlled development serves as the foundation for Elk Grove Village's strong demographic base and high standard of living among private and commercial/industrial residents alike. Since 1956, Elk Grove Village has experienced tremendous growth and economic prosperity characterizing the diversity and stability of its inhabitants. Northwest Point features a 10-story building with 200,000 square feet of office space, a luxury hotel, beautifully landscaped setting, prominent corporate tenants, and other added amenities.Īlthough the expansion of Elk Grove Village is today limited by the boundaries of its neighbors, it continues to redevelop and thrive as the “Exceptional Community.” It contains a diverse mix of local, national, and international companies.Īnother noteworthy source of employment, located outside of the Business Park, is the 125-acre Northwest Point office park. The five square mile Elk Grove Village Business Park contains the second largest concentration of employment in the state of Illinois, with approximately 100,000 people commuting here for work. It is regionally considered a premier location for business and industry. Beginning from only 90 companies that were opened for business in 1962, there are now over 5,600 firms and service organizations within the Village. In addition to Elk Grove’s residential community, it also possesses a booming business community. Thanks to more than $36 million in revenue collected yearly from sales and commercial property taxes, Elk Grove Village is able enjoy one of the lowest property tax rates in the Northwest suburbs. Listed in a recently published book, “Fifty Fabulous Places to Raise Your Family” by Melissa Giovagnoli, Elk Grove was included for its excellent parks and recreation, schools, access to transportation, varied housing stock, vibrant economy, low crime rate, exceptional community service, and small-town atmosphere. Within the 11.6 square miles of Elk Grove Village, there exist two distinct but still united communities: residential and business. ![]() Today, those 1,500 acres have increased to almost 7,000 through more than 150 annexations and the small community of 116 original residents is now home to nearly 33,000 people who have come to appreciate the exceptional community of Elk Grove Village. Under the comprehensive plan, the Village was divided in half with residential development to the west and a business park on the east, bordering the airport. A master plan for the controlled growth of the Village was initiated and construction of industrial buildings, homes, corporate offices, retail establishments and schools soon followed. The group acquired 1,500 continuous acres of land to build residential and industrial sections of the community, leading to Elk Grove Village’s incorporation in 1956. Centex Corporation chose the Village because of its proximity to rail, the new air facilities, and major highways. The Village’s expansion is also attributed to an enterprising group of Dallas-based land developers that selected Elk Grove Village as its site for a planned community during the 1950s. The phenomenal expansion of O’Hare during the 1950s and 1960s closely parallels Elk Grove Village’s growth as a successful community and leading Midwest industrial center. The location would then become the world’s busiest airport – O’Hare International Airport. Following the war, the industrial facility and land was sold for $1 to the City of Chicago as war surplus. The rural community transformed into a center of commerce when Douglas Aircraft built a military transport manufacturing plant in nearby Orchard Place during World War II. By 1848, German-immigrant farmers soon settled in the area, establishing a thriving community that would eventually become Elk Grove Village. Named for the native elk that roamed the northern Illinois forests and grasslands, Elk Grove Village was initially settled in 1834 by pioneer New England farmers. ![]()
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