Cost of Living in Elgin, OK
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
121.8
100 = national avg
+21.8 vs national average
Living Wage (1 Adult)
$53,590
per year
Living Wage (Family of 4)
$126,666
per year
Cost Index by Category
Housing128.9
Food112.5
Transportation125.0
Healthcare110.0
Utilities113.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$784
per month
2 Bedroom
$1,001
per month
The overall cost of living index in Elgin is 121.8, which is 21.8% above the national average. Housing costs are above the national average at an index of 128.9. A single adult needs to earn approximately $53,590 per year to cover basic expenses.