Cost of Living in Elkins, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
117.7
100 = national avg
+17.7 vs national average
Living Wage (1 Adult)
$51,777
per year
Living Wage (Family of 4)
$122,383
per year
Cost Index by Category
Housing118.9
Food112.0
Transportation124.0
Healthcare109.6
Utilities111.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,115
per month
2 Bedroom
$1,347
per month
The overall cost of living index in Elkins is 117.7, which is 17.7% above the national average. Housing costs are above the national average at an index of 118.9. A single adult needs to earn approximately $51,777 per year to cover basic expenses.