Elgin, TX, has a cost of living index that is slightly below the nationwide average. The overall index stands at 90, which is 10% lower than the national benchmark of 100. This means that the cost of living in Elgin is more affordable in most categories, making it an attractive option for budget-conscious individuals.
Specifically, housing costs 15% less, while groceries and miscellaneous expenses are 10% and 12% lower, respectively. Utilities and transportation are also slightly cheaper, at 5% and 8% below the average. Healthcare costs remain on par with the national average, providing a balanced living experience.
Elgin, TX, presents a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Elgin stand at 85, indicating that residents can expect to pay 15% less than the national average. This reduction in housing expenses can be a significant advantage for those looking to settle in Elgin, as it allows for a more comfortable budget allocation to other essential needs.
In addition to housing, Elgin's grocery costs are slightly below the national average, with an index of 90. This means that groceries cost 10% less than the average American city. Utilities in Elgin are also slightly lower, with an index of 95, which translates to a 5% savings. Transportation costs are nearly on par with the national average, at 92, indicating a minimal difference in expenses. Healthcare costs in Elgin match the national average at 100, ensuring that residents do not face higher medical expenses. Miscellaneous costs are at 88, offering another 12% reduction compared to the national average. Overall, Elgin provides a favorable cost of living for those seeking affordability without sacrificing quality.
