Get more for your money in Elgin
Today’s economic reality is that prices are increasing, from groceries to energy. But Elgin offers a chance to enjoy life without overspending for it. BestPlaces provides a look into Elgin’s favorable Cost of Living. While its cost of living index is slightly lower than the national average, it is significantly lower than nearby large cities like Autin. The driving factor behind it is the cost of homeownership, where the median home cost is $293,400, nearly half of that in Austin. That differential allows a family to live close to the big city but enjoy small-town prices.
| Cost of Living Index | Elgin, TX | Austin, TX | National Ave |
|---|---|---|---|
| Overall | 98.2 | 129.4 | 100 |
| Food | 92 | 96.7 | 100 |
| Housing | 76.5 | 159.6 | 100 |
| Median Home Cost | $293,400 | $577,400 | $436,800* |
| Utilities | 100.1 | 99.1 | 100 |
| Transportation | 120.2 | 109.9 | 100 |
| Health | 106.6 | 101.6 | 100 |
| Misc | 97.6 | 100.4 | 100 |
