Elkhorn, WI Cost Of Living
Cost Of Living In Elkhorn, WI Summary
Cost of living in Elkhorn 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 Elkhorn is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Wisconsin, 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 Elkhorn is 96, with 100 being the average.
The cost of living index in Elkhorn is 1.0x lower than the national average.
Elkhorn ranks as the #76 cheapest in Wisconsin out of 143.
Elkhorn ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Elkhorn is $193,900.
The median income in Elkhorn is $68,339.
Table Of Contents
Elkhorn's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Elkhorn, WI?
According to the most recent data on the cost of living, Elkhorn has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Wisconsin, Elkhorn has a cost of living index that's 1.0x higher than Wisconsin's index of 95.
The standard of living in Elkhorn ranks as #76 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Elkhorn ranks as the #67 most expensive place in the Badger State.
For more reading on life in Elkhorn, check out:
- Living In Elkhorn
- Elkhorn Crime Report
- Search Homes For Sale In Elkhorn, WI
In Wisconsin
In America
Elkhorn Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in Elkhorn. Here is how it fairs on each of the criteria:
The Services index in Elkhorn is 97.
The Groceries index in Elkhorn is 95.
The Health index in Elkhorn is 110.
The Housing index in Elkhorn is 87.
The Transportation index in Elkhorn is 107.
The Utilities index in Elkhorn is 90.
| Living Expense | Elkhorn | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 96 | 95 | 100 | |
| Services | 97 | 97 | 100 | |
| Groceries | 95 | 98 | 100 | |
| Health | 110 | 114 | 100 | |
| Housing | 87 | 84 | 100 | |
| Transportation | 107 | 96 | 100 | |
| Utilities | 90 | 103 | 100 | |
Elkhorn, WI Housing Cost Breakdown
Housing swings affordability the most between places in Wisconsin, 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 Elkhorn is $193,900.
The Median Rent in Elkhorn is $880.
The Median Income in Elkhorn is $68,339.
The Home Value To Income in Elkhorn is 2.8x.
The Rent To Monthly Income in Elkhorn is 0.15x.
| Statistic | Elkhorn | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $193,900 | $200,400 | $244,900 |
| Median Rent | $880 | $916 | $1,163 |
| Median Income | $68,339 | $67,080 | $69,021 |
| Home Value To Income | 2.8x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.16x | 0.2x |
Median Home Value
Median Rent
Median Income
Elkhorn, WI Costs By Category
Detailed Elkhorn Services Costs Vs. Wisconsin
Detailed Elkhorn Groceries Costs Vs. Wisconsin
Detailed Elkhorn Health Costs Vs. Wisconsin
Detailed Elkhorn Transportation Costs Vs. Wisconsin
Detailed Elkhorn Utilities Costs Vs. Wisconsin
Elkhorn SnackAbility
/10
Cost Of Living In Cities Around Elkhorn
The cost of living varies in the cities and towns around Elkhorn. Here's a quick look at the cost of living in the most populous nearby places:
Whitewater, WI has a cost of living index of 100, 1.0x Elkhorn.
Burlington, WI has a cost of living index of 94, 1.0x Elkhorn.
Harvard, IL has a cost of living index of 91, 0.9x Elkhorn.
| City | Population | Cost Of Living | Vs. Elkhorn |
|---|---|---|---|
| Whitewater, WI | 14,369 | 100 | 1.0x |
| Burlington, WI | 10,971 | 94 | 1.0x |
| Harvard, IL | 9,482 | 91 | 0.9x |
| Delavan, WI | 8,568 | 91 | 0.9x |
| Lake Geneva, WI | 8,300 | 98 | 1.0x |
| Mukwonago, WI | 8,255 | 100 | 1.0x |
| Twin Lakes, WI | 6,306 | 96 | 1.0x |
| Waterford, WI | 5,541 | 95 | 1.0x |
| Tichigan, WI | 5,023 | 108 | 1.1x |
