Cost of Living in Elgin, IA

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19%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
53%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Elgin Iowa National
Cost of living8189100
Groceries9697100
Health care9896100
Housing4774100
Transportation9897100
Utilities9695100
Lifestyle & Entertainment9495100
Household Items9997100
Education & Childcare9094100
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Homes For Sale In Elgin, IA

property for sale

206 Main St

Elgin, IA
property for sale

311 Washington St

Elgin, IA
property for sale

404 Franklin St

Elgin, IA
See the Newest Homes For Sale In Elgin, IA

Cost Of Living Quick Facts

  • The cost of living in Elgin is 9% lower than the Iowa average
  • The cost of living in Elgin is 19% lower than the national average
  • Elgin housing is 53% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Elgin

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      Cost of living index
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      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$80,038$6,670$1,867$2,401
      Renters$59,203$4,934$1,381$1,776

      Iowa Sales Tax

      State General Sales Tax With Max Surtax
      Iowa 6% 7%

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Randalia, IA647624.5%
      Farmersburg, IA3807920.9%
      Wadena, IA2288020.0%
      St. Olaf, IA1348019.8%
      Volga, IA2328119.0%
      Elgin, IA6638118.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      McIntyre, GA6638514.9%
      Mountain Park city, GA6631109.9%
      Deer Creek, IL663937.2%
      Palmyra, IL6638316.6%
      Sicily Island, LA6638218.0%
      Elgin, IA6638118.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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