Cost of Living in Elgin, TX
Population 10,996 · Texas · Data vintage 2023
(100 = US avg)
Elgin sits on the smaller end of the Texas city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located 20 miles southeast of Round Rock, Elgin falls within that metro's commuting orbit. Median home values run roughly 30% lower than Round Rock's $384,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Elgin
The median home value in Elgin is $267,900 — 12% below the national median of $305,000. Median rent runs $1,289/month, 2% lower than the national median of $1,314/month. The median household income of $85,666/year is 15% higher than the US median of $74,580. The local unemployment rate is 5.7%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 80.4°F and lows of 56.5°F. Overall, Elgin has a cost of living index of 92 versus the US average of 100, meaning it is 8% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 63 | 66 | 73 | 80 | 87 | 93 | 96 | 97 | 91 | 83 | 72 | 64 |
| Low °F | 38 | 42 | 49 | 56 | 65 | 72 | 73 | 73 | 67 | 57 | 47 | 40 |
| Precip" | 2.82 | 1.89 | 2.90 | 2.39 | 5.00 | 3.37 | 2.16 | 2.47 | 3.03 | 4.25 | 2.68 | 2.61 |
| Snow" | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 |
Frequently Asked Questions
What is the cost of living in Elgin, TX?
Elgin has a cost index of 92 (100 = national average). It is 8% below the national average.
What is average rent in Elgin, TX?
The median gross rent in Elgin is $1,289 per month based on 2023 Census data.
What is the average home price in Elgin?
The median home value in Elgin is $267,900 according to Zillow and Census data.
What is the median income in Elgin?
The median household income in Elgin is $85,666 per year (2023 ACS 5-year estimates).
What is the sales tax in Elgin, TX?
The combined state and local sales tax rate in Elgin is 8.2%. Texas has no state income tax.
Is Elgin, TX affordable?
Elgin is near the national average in terms of cost of living, with an index of 92 (100 = US average).
What is the weather like in Elgin?
Elgin has average high temperatures of 80.4°F and average lows of 56.5°F. Annual precipitation is 35.6". Average annual snowfall is 0.2". Data from NOAA 1991–2020 Climate Normals.
Elgin at a Glance
- Population
- 10,996
- Median Income
- $85,666
- Home Value
- $267,900
- Median Rent
- $1,289/mo
- Unemployment
- 5.7%
- Avg High Temp
- 80.4°F
- Sales Tax
- 8.2%
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Texas Rankings
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