Cost of Living in Elkton, VA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.4
100 = national avg
-5.6 vs national average
Living Wage (1 Adult)
$41,547
per year
Living Wage (Family of 4)
$98,202
per year
Cost Index by Category
Housing92.3
Food96.9
Transportation93.8
Healthcare97.5
Utilities96.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,057
per month
2 Bedroom
$1,322
per month
The overall cost of living index in Elkton is 94.4, which is 5.6% below the national average. Housing costs are below the national average at an index of 92.3. A single adult needs to earn approximately $41,547 per year to cover basic expenses.