Elko Metro Area, NV Cost of Living


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United States / Nevada / Elko Metro Area / Counties / Cities / Zip Codes
How much do I need to live in Elko, Nevada?
$5,010 / month
for a family, 7.2% less expensive than the national average A total of $60,120 for the year for a family.
$3,300 / month
for a single person, 30.8% less expensive than the national average A total of $39,600 for the year for a single person.

Elko cost of living score
101.1
More expensive
1.1% higher
than the US average
7.8% lower
than the Nevada average
Elko Nev Metro Area, Nevada gets a BestPlaces Cost of Living score of 101.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 1.1% higher than the U.S. average and 7.8% higher than the average for Nevada.

Elko Metro Area, NV

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesElkoNevadaUnited States
    Unlock109.7100.0
  92.1  Unlock100.0
    Unlock94.6100.0
  100.5  Unlock100.0
    Unlock$417,100$338,100
  90.8  Unlock100.0
    Unlock116.7100.0
  89.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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