Cost of Living in Elgin, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
133.9
100 = national avg
+33.9 vs national average
Living Wage (1 Adult)
$58,929
per year
Living Wage (Family of 4)
$139,288
per year
Cost Index by Category
Housing154.5
Food115.5
Transportation131.0
Healthcare112.4
Utilities120.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,562
per month
2 Bedroom
$1,852
per month
The overall cost of living index in Elgin is 133.9, which is 33.9% above the national average. Housing costs are above the national average at an index of 154.5. A single adult needs to earn approximately $58,929 per year to cover basic expenses.