Housing costs in Elkin?
A typical home costs
$193,100, which is 42.9% less expensive than the national average of
$338,100 and 33.3% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Elkin costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 40.5% cheaper than the state average of
$1,110.
Can I afford Elkin?
To live comfortably in Elkin, North Carolina, a minimum annual income of
$37,080 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Elkin?
Elkin, NC is known for its low cost of living. The median home price is around $150,000, making it an affordable place to live. Property taxes are also lower than the national average. Groceries and utilities are prices comparable to other areas in the US, but health care costs may be slightly higher due to the lack of medical facilities nearby. Additionally, Elkin has no public transportation, which can make commuting more costly if you don't have a vehicle or access to one. Despite this, overall costs are still quite low when compared to many other cities and towns.