Housing costs in Elk City?
A typical home costs
$223,200, which is 34.0% less expensive than the national average of
$338,100 and 49.8% less expensive than the average Idaho home, at
$445,000. Renting a two-bedroom unit in Elk City costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 19.1% cheaper than the state average of
$1,120.
Can I afford Elk City?
To live comfortably in Elk City, Idaho, a minimum annual income of
$42,840 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Elk City?
The cost of living in Elk City, ID is relatively low compared to other places in the United States. The median home price is just over $100,000 and the average rent for a one-bedroom apartment is around $600. Groceries and utilities are also affordable, with groceries costing around 11% less than the national average and utilities costing around 16% less. While prices may still be slightly higher than some rural areas, it remains an overall more economical option for those looking to save money while living in Idaho.