Cost of Living in Elk Park, NC
Population: 694 | North Carolina
Elk Park is 15% less expensive than the national average.
Cost of Living in Elk Park, NC: What You Need to Know
With a cost of living index of 85, Elk Park, NC is a very affordable place to live. Living here is 15% cheaper than the national average and in line with the North Carolina state average. Elk Park is a small community of 694 residents.
The median household income in Elk Park is $44,350, which is 41% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $44,350
- vs US Median ($75,149)
- -41%
Housing
- Median Home Value
- $145,000
- Median Monthly Housing Cost
- $404/mo