Elgin, TX Cost Of Living
Cost Of Living In Elgin, TX Summary
Cost of living in Elgin 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 Elgin is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, 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 Elgin is 88, with 100 being the average.
The cost of living index in Elgin is 0.9x lower than the national average.
Elgin ranks as the #180 cheapest in Texas out of 405.
Elgin ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Elgin is $202,000.
The median income in Elgin is $78,169.
Table Of Contents
Elgin's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Elgin, TX?
According to the most recent data on the cost of living, Elgin has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Texas, Elgin has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Elgin ranks as #180 most affordable out of the 405 places we measured in Texas. By definition, that implies Elgin ranks as the #225 most expensive place in the Lone Star State.
For more reading on life in Elgin, check out:
- Living In Elgin
- Elgin Crime Report
- Search Homes For Sale In Elgin, TX
In Texas
In America
Elgin Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Elgin. Here is how it fairs on each of the criteria:
The Services index in Elgin is 95.
The Groceries index in Elgin is 86.
The Health index in Elgin is 94.
The Housing index in Elgin is 70.
The Transportation index in Elgin is 85.
The Utilities index in Elgin is 109.
| Living Expense | Elgin | Texas | National Average | |
|---|---|---|---|---|
| Overall | 88 | 92 | 100 | |
| Services | 95 | 96 | 100 | |
| Groceries | 86 | 93 | 100 | |
| Health | 94 | 93 | 100 | |
| Housing | 70 | 84 | 100 | |
| Transportation | 85 | 92 | 100 | |
| Utilities | 109 | 104 | 100 | |
Elgin, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Elgin is $202,000.
The Median Rent in Elgin is $1,117.
The Median Income in Elgin is $78,169.
The Home Value To Income in Elgin is 2.6x.
The Rent To Monthly Income in Elgin is 0.17x.
| Statistic | Elgin | Texas | United States |
|---|---|---|---|
| Median Home Value | $202,000 | $202,600 | $244,900 |
| Median Rent | $1,117 | $1,146 | $1,163 |
| Median Income | $78,169 | $67,321 | $69,021 |
| Home Value To Income | 2.6x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Elgin, TX Costs By Category
Detailed Elgin Services Costs Vs. Texas
Detailed Elgin Groceries Costs Vs. Texas
Detailed Elgin Health Costs Vs. Texas
Detailed Elgin Transportation Costs Vs. Texas
Detailed Elgin Utilities Costs Vs. Texas
Elgin SnackAbility
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Cost Of Living In Cities Around Elgin
The cost of living varies in the cities and towns around Elgin. Here's a quick look at the cost of living in the most populous nearby places:
Austin, TX has a cost of living index of 107, 1.2x Elgin.
Round Rock, TX has a cost of living index of 100, 1.1x Elgin.
Cedar Park, TX has a cost of living index of 101, 1.1x Elgin.
| City | Population | Cost Of Living | Vs. Elgin |
|---|---|---|---|
| Austin, TX | 944,658 | 107 | 1.2x |
| Round Rock, TX | 117,735 | 100 | 1.1x |
| Cedar Park, TX | 74,741 | 101 | 1.1x |
| Georgetown, TX | 66,514 | 100 | 1.1x |
| Pflugerville, TX | 64,007 | 96 | 1.1x |
| Leander, TX | 57,696 | 99 | 1.1x |
| Kyle, TX | 45,147 | 99 | 1.1x |
| Hutto, TX | 26,971 | 95 | 1.1x |
| Brushy Creek, TX | 22,972 | 103 | 1.2x |
| Taylor, TX | 16,154 | 85 | 1.0x |
