Elgin, TX, has a cost of living index below the nationwide average. The overall index stands at 92, 8% lower than the national average of 100. Elgin offers more affordable living in areas such as housing and groceries. Housing costs are 15% lower, while groceries are just 5% below the national average. Utilities are slightly above average, but still quite reasonable. Transportation and healthcare costs closely match the national average, providing a balanced living experience.
The cost of living index in Elgin, Texas, presents a favorable picture for potential residents when compared to the nationwide average. With the national benchmark set at 100, Elgin scores 85 in housing costs, indicating that residents can expect to pay 15% less for housing than the average American. This lower housing cost can be a significant advantage for those looking to maximize their budget in a relatively affordable area.
Elgin also demonstrates competitive pricing in various other categories. For instance, the cost of groceries stands at 95, reflecting a modest 5% increase over the national average. Utilities are nearly on par with the average, with an index of 97, suggesting a minimal 3% increase. Transportation costs are at 90, indicating a 10% savings. Healthcare costs align perfectly with the national average at 100. Lastly, miscellaneous expenses, encompassing items like clothing and entertainment, stand at 92, which is 8% less than the national average. These figures collectively portray Elgin as a place where residents may find their expenses to be reasonably lower than the national average in several key areas.
