Collinsville, OK vs Elgin, OK

Collinsville, OK and Elgin, OK have a very similar cost of living, with only a 4.2% difference in their overall index. Collinsville scores 84 while Elgin scores 87 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 Collinsville is $1,161/month compared to $1,206/month in Elgin — a 4% difference. Home values follow the same pattern: Collinsville is more affordable at $207,100 median vs $243,600.

Median household income in Collinsville is $88,537 compared to $81,739 in Elgin (+8.3%). Collinsville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Collinsville spend roughly 15.7% of their income on rent, less than the 17.7% in Elgin.