Housing costs in Elgin?
A typical home costs
$293,400, which is 13.2% less expensive than the national average of
$338,100 and 1.4% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Elgin costs
$1,280 per month, which is 10.5% cheaper than the national average of
$1,430 and close to the state average of
$1,280.
Can I afford Elgin?
To live comfortably in Elgin, Texas, a minimum annual income of
$56,160 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Elgin?
The cost of living in Elgin, TX is quite affordable compared to other cities in the state. The median home price in the area is around $132,000, making it an excellent investment for anyone looking to buy a home or invest in real estate. Property taxes are also relatively low and the city has a variety of public services provided by the government that are available to residents at no additional cost. Additionally, utility costs tend to be lower than other parts of the state as well. Overall, the cost of living in Elgin is quite reasonable and makes it a great place to live and work.