Housing costs in Elgin?
A typical home costs
$504,400, which is 49.2% more expensive than the national average of
$338,100 and 23.8% more expensive than the average Arizona home, at
$407,400. Renting a two-bedroom unit in Elgin costs
$1,180 per month, which is 17.5% cheaper than the national average of
$1,430 and 31.4% cheaper than the state average of
$1,550.
Can I afford Elgin?
To live comfortably in Elgin, Arizona, a minimum annual income of
$96,480 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Elgin?
The cost of living in Elgin, AZ is quite affordable. The median home price is around $165,000 which is considerably lower than the national average. The median household income is also relatively low at just under $36,000 per year. There are a variety of restaurants and stores available to meet all needs and budgets. Utilities such as gas, electric, water, and trash service are all relatively inexpensive in Elgin making it an attractive place to live. The unemployment rate in Elgin is slightly higher than the national average but still reasonable with many job opportunities available for those looking for work.