Quick facts: Elsinore, UT

Quick Facts

105.9
Cost of Living
above US average
865
Population
8.09
Crime Rate per 1000
below US average
$53,929
Median Income
below US average
$350,000
Median House Price
above US average
$1774
Average Rent
above US average
9%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $53,929.

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Income Needed to Buy

βœ— Stretch
$110k/year
Based on $350,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $110k vs median $53,929
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Income Needed to Rent

⚠ Stretch
$76k/year
Based on $1774/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $76k vs median $53,929
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Elsinore, UT

Elsinore is a small town located in Sevier County, Utah, known for its scenic countryside and a tight-knit community atmosphere. Nestled between the Fishlake National Forest and the Sevier River, it offers picturesque views and outdoor recreational opportunities. The landscape is characterized by rolling hills, open fields, and rugged mountain terrains, making it ideal for activities like hiking, fishing, and camping. The town's population is modest, contributing to its small-town charm, where residents often know each other and engage in local events and activities. Agriculture plays a significant role in the local economy, with many residents involved in farming and ranching. Elsinore's proximity to larger towns, such as Richfield, allows residents to access additional amenities and services while still enjoying the tranquility of rural life. The community's commitment to preserving its heritage is evident in local events and cultural celebrations, showcasing art, music, and family-oriented activities that reflect Utah's rich history. In summary, Elsinore is a tranquil rural town offering a blend of natural beauty, community spirit, and agricultural roots, making it a unique place in Utah's landscape.

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