| Index | Elgin | Texas | National |
| Cost of living | 98 | 94 | 100 |
| Groceries | 101 | 98 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 97 | 83 | 100 |
| Transportation | 98 | 98 | 100 |
| Utilities | 103 | 103 | 100 |
| Lifestyle & Entertainment | 94 | 98 | 100 |
| Household Items | 98 | 98 | 100 |
| Education & Childcare | 93 | 98 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Elgin? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Elgin stands at 98, making it 2% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Elgin are priced in a manner consistent with other areas. This means that residents of Elgin can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Elgin an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Elgin is 7.8% lower than the national average, while the average monthly rent prices are 6.7% higher than average. The affordability of any location can also be influenced by median income levels. Elgin has a median household income of $104,273, which is 28.2% higher than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Elgin, healthcare costs are 1.5% lower than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Elgin, the general sales tax rate starts at 6.25%, and income tax rates begin at 0%.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
The Elgin cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $122,333 | $10,194 | $2,854 | $3,670 |
| Renters | $61,704 | $5,142 | $1,440 | $1,851 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Camp Swift, TX | 6,688 | 89 | 11.2% |
| Coupland, TX | 388 | 98 | 1.8% |
| Garfield, TX | 2,560 | 102 | 1.9% |
| Circle D-KC Estates, TX | 2,819 | 101 | 0.6% |
| McDade, TX | 1,332 | 101 | 1.1% |
| Elgin, TX | 10,490 | 98 | 2.3% |
| City | Population | Cost of Living Index | National Avg. |
| Capitola, CA | 10,492 | 183 | 82.6% |
| Panthersville, GA | 10,494 | 94 | 6.5% |
| North Glengarry, ON | 10,494 | n/a | |
| Struthers, OH | 10,498 | 81 | 18.6% |
| Rotonda, FL | 10,500 | 112 | 11.8% |
| Elgin, TX | 10,490 | 98 | 2.3% |
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