Elkton, VA, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Elkton stands at 91, which is 9% lower than the national average. This makes Elkton an attractive option for those seeking more affordable living expenses.
Specifically, housing costs in Elkton are 15% lower than the national average, while groceries and utilities are only marginally lower. Transportation, healthcare, and miscellaneous costs are also slightly below the national average, providing a balanced reduction in living expenses.
Elkton, VA, presents a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Elkton stand at 85, which is 15% below the average. This makes housing in Elkton more affordable for residents and job seekers. Lower housing costs can be a significant advantage for those looking to settle in Elkton, as it allows for more disposable income for other necessities.
In addition to housing, Elkton's grocery costs are slightly below the average, with an index of 95. This represents a 5% decrease from the national average, offering some relief to those managing their food budgets. Utilities in Elkton are also slightly lower, with an index of 90, which is 10% less than the national average. These lower costs in essential areas contribute to an overall more affordable living environment. Transportation costs in Elkton are at 92, which is 8% below the average, making commuting and daily travel more budget-friendly. Healthcare costs, at 88, are 12% lower than the average, providing another area where residents can save money. Miscellaneous costs are slightly higher, at 97, which is 3% above the average, but overall, Elkton offers a cost of living that is beneficial for many.
