Cost of Living in Elkhorn, WI
Population 10,259 · Wisconsin · Data vintage 2023
(100 = US avg)
Elkhorn is a smaller Wisconsin community of around 10000 residents, where median household incomes of $73,052 and housing costs ($255,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 1.0% — below most comparable cities in the state.
Geographically, Elkhorn is about 40 miles northeast of Rockford, the nearest large metro. Median home values run roughly 111% higher than Rockford's $121,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Elkhorn
The median home value in Elkhorn is $255,300 — 16% below the national median of $305,000. Median rent runs $999/month, 24% lower than the national median of $1,314/month. The median household income of $73,052/year is 2% lower than the US median of $74,580. The local unemployment rate is 1.0%, below the national average of 4.8%. Wisconsin's top state income tax rate is 7.7% and the combined sales tax is 5.4%. Overall, Elkhorn has a cost of living index of 81 versus the US average of 100, meaning it is 19% 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Elkhorn, WI?
Elkhorn has a cost index of 81 (100 = national average). It is 19% below the national average.
What is average rent in Elkhorn, WI?
The median gross rent in Elkhorn is $999 per month based on 2023 Census data.
What is the average home price in Elkhorn?
The median home value in Elkhorn is $255,300 according to Zillow and Census data.
What is the median income in Elkhorn?
The median household income in Elkhorn is $73,052 per year (2023 ACS 5-year estimates).
What is the sales tax in Elkhorn, WI?
The combined state and local sales tax rate in Elkhorn is 5.4%. The Wisconsin state income tax top rate is 7.7%.
Is Elkhorn, WI affordable?
Yes, Elkhorn is generally considered affordable, with a cost of living index of 81 — about 19% below the US national average of 100.
Elkhorn at a Glance
- Population
- 10,259
- Median Income
- $73,052
- Home Value
- $255,300
- Median Rent
- $999/mo
- Unemployment
- 1.0%
- Sales Tax
- 5.4%
Nearby Cities
Explore county-level cost of living data
Wisconsin Rankings
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