Housing costs in Elko?
A typical home costs
$301,300, which is 10.9% less expensive than the national average of
$338,100 and 27.8% less expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Elko costs
$1,290 per month, which is 9.8% cheaper than the national average of
$1,430 and 12.4% cheaper than the state average of
$1,450.
Can I afford Elko?
To live comfortably in Elko, Nevada, a minimum annual income of
$57,600 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Elko?
The cost of living in Elko, NV is relatively affordable compared to other cities of a similar size. The median household income is approximately $50,000 and the median home value is around $185,000. The overall cost of living index for Elko is 83.5, which is 17 percent lower than the United States average. Healthcare and utilities are both slightly higher in Elko than the national average, but groceries and housing costs are much lower. With its relatively low cost of living and close proximity to recreational activities, Elko makes an ideal destination for those looking to live in a small city with plenty of amenities.