Housing costs in Elgin?
A typical home costs
$247,700, which is 26.7% less expensive than the national average of
$338,100 and 41.9% more expensive than the average Oklahoma home, at
$174,600. Renting a two-bedroom unit in Elgin costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 22.5% more than the state average of
$930.
Can I afford Elgin?
To live comfortably in Elgin, Oklahoma, a minimum annual income of
$47,520 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Elgin?
The cost of living in Elgin, OK is quite affordable compared to many other parts of the country. According to the most recent figures, the overall cost of living index in Elgin is only 81.2, which is nearly 20 points lower than the national average and well below most cities in Oklahoma. Housing costs, in particular, are among the lowest in the state with median home prices hovering around $90,000 while rental costs remain well below the national average. Groceries and health care costs are also lower than average while transportation and utilities are slightly higher than average but still affordable for most residents.