What is the cost of living in Elko, NV?
According to the most recent data on the cost of living, Elko has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Nevada, Elko has a cost of living index that's 1.0x higher than Nevada's index of 105.
The standard of living in Elko ranks as #12 most affordable out of the 33 places we measured in Nevada. By definition, that implies Elko ranks as the #21 most expensive place in the Silver State.
For more reading on life in Elko, check out:
Elko Cost Of Living Vs. Nevada
Six factors go into calculating the cost of living index in Elko. Here is how it fares on each of the criteria:
The Services index in Elko is 100.
The Groceries index in Elko is 101.
The Health index in Elko is 124.
The Housing index in Elko is 102.
The Transportation index in Elko is 100.
The Utilities index in Elko is 103.
| Living Expense | Elko | Nevada | National Average |
|---|---|---|---|
| Overall | 110 | 105 | 100 |
| Services | 100 | 103 | 100 |
| Groceries | 101 | 102 | 100 |
| Health | 124 | 101 | 100 |
| Housing | 102 | 102 | 100 |
| Transportation | 100 | 109 | 100 |
| Utilities | 103 | 103 | 100 |
Elko Cost Of Living Compared To Nevada Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Nevada, check out:
Protect your home budget Compare home warranties in Elko Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Elko, NV Housing Cost Breakdown
Housing swings affordability the most between places in Nevada, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Elko is $360,730.
The Median Rent in Elko is $1,267.
The Median Income in Elko is $79,036.
The Home Value To Income in Elko is 4.6x.
The Rent To Monthly Income in Elko is 0.19x.
Elko, NV Costs By Category
Detailed Elko Services costs vs. Nevada
Detailed Elko Groceries costs vs. Nevada
Detailed Elko Health costs vs. Nevada
Detailed Elko Transportation costs vs. Nevada
Elko SnackAbility
Cost Of Living In Cities Around Elko
The cost of living varies in the cities and towns around Elko. Here's a quick look at the cost of living in the most populous nearby places:
Spring Creek, NV has a cost of living index of 112, 1.0x Elko.
| City | Population | Cost Of Living | Vs. Elko |
|---|---|---|---|
| Spring Creek, NV | 14,739 | 112 | 1.0x |
