Housing costs in Elko?
A typical home costs
$314,200, which is 7.1% less expensive than the national average of
$338,100 and 24.7% less expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Elko costs
$1,300 per month, which is 9.1% cheaper than the national average of
$1,430 and 11.5% cheaper than the state average of
$1,450.
Can I afford Elko?
To live comfortably in Elko Nev Metro Area, Nevada, a minimum annual income of
$60,120 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Elko?
The cost of living in Elko, NV Metro Area is slightly higher than the US average, at 101.1 compared to the US average of 100. This means that the costs associated with everyday living expenses may be a bit higher than in other parts of the country. While there is a higher cost of living, home values are still relatively low in comparison to the rest of the nation, as evidenced by the median house value being $314,200 whereas the national median is $338,100.