Housing costs in Elgin?
A typical home costs
$108,400, which is 67.9% less expensive than the national average of
$338,100 and 45.0% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Elgin costs
$800 per month, which is 18.4% cheaper than the national average of
$980 and close to the state average of
$790.
Can I afford Elgin?
To live comfortably in Elgin (zip 45838), Ohio, a minimum annual income of
$20,880 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Elgin?
The cost of living in 45838 Elgin, OH is relatively low compared to the national average. The median home value in Elgin is $136,000, which is much lower than the national average of $219,700. Additionally, housing costs are 8% lower than the US average and the local sales tax rate is 6.5%. This low cost of living combined with a relatively low unemployment rate make Elgin a great place to live and work. Additionally, the local school district has been rated as excellent by GreatSchools, making it an attractive option for families looking to settle down in Ohio.