Elko, NV Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Elko, NV Summary

Cost of living in Elko research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Elko is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Nevada, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Elko is 99, with 100 being the average.

  • The cost of living index in Elko is 1.0x lower than the national average.

  • Elko ranks as the #8 cheapest in Nevada out of 33.

  • Elko ranks as the #3,027 cheapest out of 6,412 in the US.

  • The median home value in Elko is $234,500.

  • The median income in Elko is $80,148.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
99
Elko's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Elko, NV?

According to the most recent data on the cost of living, Elko has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.

Compared to Nevada, Elko has a cost of living index that's 1.0x lower than Nevada's index of 101.

The standard of living in Elko ranks as #8 most affordable out of the 33 places we measured in Nevada. By definition, that implies Elko ranks as the #25 most expensive place in the Silver State.

For more reading on life in Elko, check out:

8 out of 33
In Nevada
3,027 out of 6,412
In America

Elko Cost Of Living Vs. Nevada

Six factors go into calculating the cost of living index in Elko. Here is how it fairs on each of the criteria:

  • The Services index in Elko is 89.

  • The Groceries index in Elko is 94.

  • The Health index in Elko is 93.

  • The Housing index in Elko is 113.

  • The Transportation index in Elko is 100.

  • The Utilities index in Elko is 81.

Living Expense Elko Nevada National Average
Overall 99 101 100
Services 89 91 100
Groceries 94 103 100
Health 93 93 100
Housing 113 111 100
Transportation 100 114 100
Utilities 81 97 100
For more reading on cost of living around Nevada, check out:
Elko Cost of Living Vs. NV

Elko, NV Housing Cost Breakdown

Housing swings affordability the most between places in Nevada, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Elko is $234,500.

  • The Median Rent in Elko is $1,094.

  • The Median Income in Elko is $80,148.

  • The Home Value To Income in Elko is 2.9x.

  • The Rent To Monthly Income in Elko is 0.16x.

Statistic Elko Nevada United States
Median Home Value $234,500 $315,900 $244,900
Median Rent $1,094 $1,238 $1,163
Median Income $80,148 $65,686 $69,021
Home Value To Income 2.9x 4.8x 3.5x
Rent To Monthly Income 0.16x 0.23x 0.2x
Search Homes For Sale In Elko, NV
$234,500
Median Home Value
$1,094
Median Rent
$80,148
Median Income

Elko, NV Costs By Category

Detailed Elko Services Costs Vs. Nevada

Item Elko Nevada
Shampoo $0.93 $1.06
Movie $9.24 $10.68
Bowling $11.72 $14.67
Haircut $13.91 $18.62
Beauty Salon $27.37 $39.05

Detailed Elko Groceries Costs Vs. Nevada

Item Elko Nevada
Ground Beef $4.96 $4.22
Fried Chicken $1.07 $1.39
Milk $1.45 $2.05
Potatoes $3.61 $3.29
Pizza $10.01 $10.62
Beer $8.84 $9.38
Toothpaste $2.61 $2.34

Detailed Elko Health Costs Vs. Nevada

Item Elko Nevada
Optometrist $97.6 $108.57
Doctor $98.0 $116.17
Dentist $92.5 $99.13

Detailed Elko Transportation Costs Vs. Nevada

Item Elko Nevada
Gasoline $2.3 $2.22
Tire Balancing $47.0 $50.07

Detailed Elko Utilities Costs Vs. Nevada

Item Elko Nevada
All Electricity $126.93 $167.67
Phone $170.98 $175.64

Elko SnackAbility

6
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8
Affordability
8
Diversity
8.5
Safety
4
Amenities
8
Education
6
Commute
7

Cost Of Living In Cities Around Elko

The cost of living varies in the cities and towns around Elko. Here's a quick look at the cost of living in the most populous nearby places:

  • Spring Creek, NV has a cost of living index of 101, 1.0x Elko.

City Population Cost Of Living Vs. Elko
Spring Creek, NV 15,176 101 1.0x

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