Elon, NC Cost Of Living
Cost Of Living In Elon, NC Summary
Cost of living in Elon research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Elon is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in North Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Elon is 113, with 100 being the average.
The cost of living index in Elon is 1.1x higher than the national average.
Elon ranks as the #125 cheapest in North Carolina out of 157.
Elon ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Elon is $345,385.
The median income in Elon is $82,717.
Table Of Contents
Elon's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Elon, NC?
According to the most recent data on the cost of living, Elon has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to North Carolina, Elon has a cost of living index that's 1.2x higher than North Carolina's index of 92.
The standard of living in Elon ranks as #125 most affordable out of the 157 places we measured in North Carolina. By definition, that implies Elon ranks as the #32 most expensive place in the Tar Heel State.
For more reading on life in Elon, check out:
In North Carolina
In America
Elon Cost Of Living Vs. North Carolina
Six factors go into calculating the cost of living index in Elon. Here is how it fairs on each of the criteria:
The Services index in Elon is 94.
The Groceries index in Elon is 96.
The Health index in Elon is 105.
The Housing index in Elon is 156.
The Transportation index in Elon is 94.
The Utilities index in Elon is 89.
| Living Expense | Elon | North Carolina | National Average | |
|---|---|---|---|---|
| Overall | 113 | 92 | 100 | |
| Services | 94 | 100 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 105 | 106 | 100 | |
| Housing | 156 | 86 | 100 | |
| Transportation | 94 | 93 | 100 | |
| Utilities | 89 | 95 | 100 | |
Elon, NC Housing Cost Breakdown
Housing swings affordability the most between places in North Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Elon is $345,385.
The Median Rent in Elon is $1,584.
The Median Income in Elon is $82,717.
The Home Value To Income in Elon is 4.2x.
The Rent To Monthly Income in Elon is 0.23x.
| Statistic | Elon | North Carolina | United States |
|---|---|---|---|
| Median Home Value | $345,385 | $332,681 | $303,400 |
| Median Rent | $1,584 | $1,162 | $1,348 |
| Median Income | $82,717 | $69,904 | $78,538 |
| Home Value To Income | 4.2x | 4.8x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Elon, NC Costs By Category
Detailed Elon Services Costs Vs. North Carolina
| Item | Elon | North Carolina |
|---|---|---|
| Shampoo | $1.24 | $1.28 |
| Movie | $12.0 | $12.13 |
| Bowling | $18.67 | $18 |
| Haircut | $28.33 | $24.26 |
| Beauty Salon | $37.66 | $45.56 |
Detailed Elon Groceries Costs Vs. North Carolina
| Item | Elon | North Carolina |
|---|---|---|
| Ground Beef | $6.17 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.49 | $4.67 |
| Potatoes | $5.0 | $4.93 |
| Pizza | $10.41 | $12.09 |
| Beer | $10.25 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Elon Health Costs Vs. North Carolina
| Item | Elon | North Carolina |
|---|---|---|
| Optometrist | $146.78 | $125.68 |
| Doctor | $174.0 | $135.78 |
| Dentist | $97.67 | $113.29 |
Detailed Elon Transportation Costs Vs. North Carolina
| Item | Elon | North Carolina |
|---|---|---|
| Gasoline | $3.31 | $3.46 |
| Tire Balancing | $54.55 | $59.92 |
Detailed Elon Utilities Costs Vs. North Carolina
| Item | Elon | North Carolina |
|---|---|---|
| All Electricity | $161.71 | $193.99 |
| Phone | $186.82 | $192.25 |
Elon SnackAbility
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Cost Of Living In Cities Around Elon
The cost of living varies in the cities and towns around Elon. Here's a quick look at the cost of living in the most populous nearby places:
Greensboro, NC has a cost of living index of 91, 0.8x Elon.
Burlington, NC has a cost of living index of 89, 0.8x Elon.
Mebane, NC has a cost of living index of 100, 0.9x Elon.
| City | Population | Cost Of Living | Vs. Elon |
|---|---|---|---|
| Greensboro, NC | 298,564 | 91 | 0.8x |
| Burlington, NC | 58,599 | 89 | 0.8x |
| Mebane, NC | 18,899 | 100 | 0.9x |
| Graham, NC | 17,537 | 88 | 0.8x |
| Reidsville, NC | 14,547 | 86 | 0.8x |
| Gibsonville, NC | 9,289 | 94 | 0.8x |
