Housing costs in Elkton?
A typical home costs
$405,600, which is 20.0% more expensive than the national average of
$338,100 and 13.4% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Elkton costs
$1,220 per month, which is 19.7% cheaper than the national average of
$1,520 and close to the state average of
$1,240.
Can I afford Elkton?
To live comfortably in Elkton (zip 97436), Oregon, a minimum annual income of
$77,760 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Elkton?
The cost of living in 97436 Elkton, OR is relatively low compared to other cities in the United States. The overall cost of living index in Elkton stands at 79.6, lower than the nationwide average of 100. This means that the basic costs of daily living such as housing, groceries, and utilities are all much more affordable than the national averages. Affordable housing can be found throughout the city with prices significantly lower than median home prices across America and rent also being comparatively low. Groceries tend to be cheaper due to Elkton’s proximity to larger cities with greater access to suppliers, meaning residents have a great variety of food at an affordable price. Finally, utilities are generally cheaper than other major cities due to the town's smaller population size and its access to hydroelectric power sources from nearby dams. All in all, Elkton offers a low cost of living when compared with many other places throughout the country.