Cost of Living in Elko, NV
Population 20,696 · Census ACS 2020–2024 5-year estimates
The median rent in Elko, NV is $1,267/month, 21% lower than the Nevada median and 10% lower than the U.S. median. The median home value is $309,100, 7% lower than the national median. Households earn a median of $79,036 a year, about the same as the state median.
Affordability
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Elko vs. Nevada vs. U.S.
| Elko | Nevada | U.S. | |
|---|---|---|---|
| Median rent | $1,267 | $1,597 | $1,413 |
| Median home value | $309,100 | $435,400 | $332,700 |
| Median household income | $79,036 | $78,260 | $80,734 |
| Homeownership rate | 62.6% | 60.0% | 65.2% |
| Bachelor's degree or higher | 17.2% | 27.9% | 35.7% |
| Poverty rate | 13.8% | 12.4% | 12.5% |
| Unemployment rate | 5.2% | 7.0% | 5.2% |
| Work from home | 3.0% | 11.9% | 15.1% |
| Median age | 33.2 | 39.1 | 38.9 |
FAQ
What is the average rent in Elko, NV?
The median gross rent in Elko, NV is $1,267 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Elko, NV?
Using the common 30% rule, renting a median-priced home takes about $50,680 a year in gross income.
Is Elko, NV expensive to live in?
Rent there is 10% lower than the U.S. median, and the median home costs about 3.9 times the median household income.
Other cities in Nevada
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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