Elkton, VA, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Elkton stands at 93, which is 7% lower than the national average of 100. This makes Elkton an attractive option for those seeking more affordable living expenses.
Housing costs in Elkton are notably lower, with a cost of living index of 85, which is 15% below the national average. Groceries and transportation also present savings, with indices of 95 and 90, respectively. Utilities and healthcare costs are close to the national average, while miscellaneous expenses are slightly lower at 92.
Elkton, VA, presents a cost of living that is notably lower than the nationwide average. The housing index in Elkton stands at 85, which is 15% below the national average of 100. This suggests that housing costs in Elkton are more affordable, making it an attractive option for those looking to save money on their living expenses. Additionally, the groceries index is at 95, only 5% below the national average. This indicates that the cost of food in Elkton remains quite reasonable compared to the rest of the country.
Transportation costs in Elkton also reflect a slight decrease, with an index of 90, which is 10% lower than the national average. This can be beneficial for those who rely on personal vehicles for commuting. The healthcare index in Elkton is 98, just 2% below the national average, suggesting that healthcare costs are nearly on par with the rest of the country. Lastly, the miscellaneous index is at 92, which is 8% below the national average. This includes costs for items like entertainment and personal care, which are also relatively affordable in Elkton. Overall, Elkton offers a cost of living that is significantly lower than the national average, making it an attractive choice for budget-conscious individuals.
