Cost of Living in Elon, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
134.9
100 = national avg
+34.9 vs national average
Living Wage (1 Adult)
$59,343
per year
Living Wage (Family of 4)
$140,264
per year
Cost Index by Category
Housing172.2
Food113.2
Transportation102.5
Healthcare110.6
Utilities122.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,230
per month
2 Bedroom
$1,348
per month
The overall cost of living index in Elon is 134.9, which is 34.9% above the national average. Housing costs are above the national average at an index of 172.2. A single adult needs to earn approximately $59,343 per year to cover basic expenses.