Cost of Living in Elko, SC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
62.4
100 = national avg
-37.6 vs national average
Living Wage (1 Adult)
$27,473
per year
Living Wage (Family of 4)
$64,937
per year
Cost Index by Category
Housing43.3
Food81.4
Transportation62.7
Healthcare85.1
Utilities77.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$709
per month
2 Bedroom
$930
per month
The overall cost of living index in Elko is 62.4, which is 37.6% below the national average. Housing costs are below the national average at an index of 43.3. A single adult needs to earn approximately $27,473 per year to cover basic expenses.