Cost of Living in Elko County, Nevada
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Elko County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Elko County ranks #2,535 of 3,142 counties for affordability (bottom 19%)
Sourced county brief
Elko County Official Rent Burden Lower Than State County Mean
The official median gross rent as a percentage of household income (GRAPI) in Elko County was 23.7%, according to ACS table B25071. This percentage is 6.4 percentage points lower than the Nevada unweighted county mean of 30.1%. Median gross rent was $1,164 per month, which is $5 below the state unweighted county mean of $1,169. For owner-occupied units, the median selected monthly owner cost was $1,154, compared to the state unweighted county mean of $1,040. The median home value was estimated at $301,400, slightly below the state unweighted county mean of $306,635. Renter-household median income was $58,947, and the median income for all households was $86,487. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Elko County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.7% of renter household income in Elko County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,164 per month; median selected monthly owner costs are $1,154. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $46,560 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Nevada unweighted mean of county median rents is $1,169 per month. Elko County's $1,164 median is 0.5% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Elko County
Rent Burden
16.2%
of gross income
Max Housing (28% Rule)
$2,018
per month
Owner Cost Burden
16.0%
of gross income
The median home in Elko County may be a stretch
Median home value is $301,400. Estimated monthly cost: $2,406 vs. your max of $2,018.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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