Housing costs in Elkton?
A typical home costs
$105,200, which is 68.9% less expensive than the national average of
$338,100 and 51.9% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Elkton costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 31.0% cheaper than the state average of
$1,100.
Can I afford Elkton?
To live comfortably in Elkton, Michigan, a minimum annual income of
$20,160 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Elkton?
The cost of living in Elkton, MI is relatively low compared to other parts of the state. The median home price is around $95,000, which is significantly lower than the state median of around $139,000. The overall cost of living index for Elkton is estimated to be around 86.2, while Michigan as a whole has an index rating of 93.2. Renters also enjoy lower costs with the median rent for a two-bedroom apartment in Elkton coming in at around $600/month. Additionally, food and other necessities are generally more affordable than average across the state as well. All these factors combined make Elkton an attractive option for those looking to live comfortably on a budget.