Housing costs in Elgin?
A typical home costs
$117,800, which is 65.2% less expensive than the national average of
$338,100 and 51.1% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Elgin costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 27.8% cheaper than the state average of
$920.
Can I afford Elgin?
To live comfortably in Elgin, North Dakota, a minimum annual income of
$22,680 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Elgin?
The cost of living in Elgin, ND is relatively low compared to many other areas in the United States. The median home value in Elgin is $106,600 which is below the national average and significantly lower than other nearby cities. In addition, the median household income in Elgin is about $52,000 which is also slightly lower than the national average. Utilities are typically much cheaper in Elgin as well when compared to other parts of the country. Due to the lower cost of living and median incomes, Elgin is a great place for families or individuals looking to save money without sacrificing quality of life.