Clayton, NC vs Elon, NC

Clayton, NC and Elon, NC have a very similar cost of living, with only a 4.2% difference in their overall index. Clayton scores 105 while Elon scores 110 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Clayton is $1,542/month compared to $1,584/month in Elon — a 3% difference. Home values follow the same pattern: Clayton is more affordable at $292,400 median vs $355,800.

Median household income in Clayton is $73,348 compared to $82,717 in Elon (-11.3%). While Elon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clayton spend roughly 25.2% of their income on rent, more than the 23% in Elon.