Elgin, OK vs The Village, OK

Elgin, OK and The Village, OK have a very similar cost of living, with only a 3.4% difference in their overall index. Elgin scores 87 while The Village scores 90 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 Elgin is $1,206/month compared to $1,412/month in The Village — a 15% difference. Interestingly, home values tell a different story: while Elgin has cheaper rent, The Village actually has lower median home values ($190,600 vs $243,600).

Median household income in Elgin is $81,739 compared to $70,788 in The Village (+15.5%). Elgin offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elgin spend roughly 17.7% of their income on rent, less than the 23.9% in The Village.