Cost of Living in Elgin, NE
Housing
The housing market plays a significant role in determining the cost of living in Elgin, NE.
- Housing Index: 89.7 / 100
- Median Home Price is: $128,000
- Average Rent (2 BR Apartment): $1313 per month
- Average Rent (2 BR House): $1427 per month
When considering a move to Elgin, NE, the current housing data paints a mixed picture. With a housing index of 89.7, the affordability factor seems unclear due to the absence of average rent numbers for both 2-bedroom apartments and houses. However, the median home price stands at a reasonable 128000. This can offer potential buyers an entry point into homeownership without the burden of rental costs. It's essential to weigh these factors against local amenities, job opportunities, and overall lifestyle to make an informed decision about relocating to this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Elgin, NE.
- Electricity Price: $12.92 USD (median by state)
- Natural Gas Price: $13.89 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $221 per month
Living in Elgin, NE could entail higher utility costs. Electricity costs sit at $12.92, while natural gas is priced at $13.89 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $221 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Elgin is a financially viable option for your relocation.