Cost of Living in Elkin, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.8
100 = national avg
-8.2 vs national average
Living Wage (1 Adult)
$40,388
per year
Living Wage (Family of 4)
$95,463
per year
Cost Index by Category
Housing87.0
Food96.2
Transportation92.4
Healthcare97.0
Utilities95.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$793
per month
2 Bedroom
$925
per month
The overall cost of living index in Elkin is 91.8, which is 8.2% below the national average. Housing costs are below the national average at an index of 87.0. A single adult needs to earn approximately $40,388 per year to cover basic expenses.