Cost of Living in Elwood, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
229.1
100 = national avg
+129.1 vs national average
Living Wage (1 Adult)
$100,824
per year
Living Wage (Family of 4)
$238,311
per year
Cost Index by Category
Housing254.9
Food180.7
Transportation261.4
Healthcare164.6
Utilities179.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,379
per month
2 Bedroom
$2,747
per month
The overall cost of living index in Elwood is 229.1, which is 129.1% above the national average. Housing costs are above the national average at an index of 254.9. A single adult needs to earn approximately $100,824 per year to cover basic expenses.