Counties › Nevada

Cost of Living in Elko County, NV

Population 54,047 · Census ACS 2020–2024 5-year estimates

Median rent$1,164
Median home value$301,400
Median household income$86,487

The median rent in Elko County, NV is $1,164/month, 27% lower than the Nevada median and 18% lower than the U.S. median. The median home value is $301,400, 9% lower than the national median. Households earn a median of $86,487 a year, 11% higher than the state median.

Affordability

Rent as a share of median income: 16.2%
Income needed for median rent (30% rule): $46,560/yr
Home price-to-income ratio: 3.5×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,524/mo

Run your own numbers: mortgage calculator · hourly to salary

Elko County vs. Nevada vs. U.S.

Elko CountyNevadaU.S.
Median rent$1,164$1,597$1,413
Median home value$301,400$435,400$332,700
Median household income$86,487$78,260$80,734
Homeownership rate71.4%60.0%65.2%
Bachelor's degree or higher17.8%27.9%35.7%
Poverty rate9.8%12.4%12.5%
Unemployment rate4.5%7.0%5.2%
Work from home5.3%11.9%15.1%
Median age35.739.138.9

FAQ

What is the average rent in Elko County, NV?

The median gross rent in Elko County, NV is $1,164 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Elko County, NV?

Using the common 30% rule, renting a median-priced home takes about $46,560 a year in gross income.

Is Elko County, NV expensive to live in?

Rent there is 18% lower than the U.S. median, and the median home costs about 3.5 times the median household income.

Other counties in Nevada

Clark County, NVRent $1,626 · Income $76,472Washoe County, NVRent $1,608 · Income $88,096Lyon County, NVRent $1,326 · Income $80,812Carson City, NVRent $1,248 · Income $72,355Nye County, NVRent $1,181 · Income $60,714Douglas County, NVRent $1,593 · Income $90,754

Counties with a similar cost of living

King William County, VARent $1,166 · Income $86,056Jefferson County, IDRent $1,138 · Income $86,679Madison County, VARent $1,166 · Income $84,323Carroll County, NHRent $1,195 · Income $86,463Walton County, GARent $1,175 · Income $84,945Franklin County, WARent $1,198 · Income $86,714

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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