Cost of Living in Elkton, OR: What You Need to Know

With a cost of living index of 87, Elkton, OR is a very affordable place to live. Living here is 13% cheaper than the national average and 19% below the Oregon state average of 106. Elkton is a small community of 139 residents.

Housing costs are the biggest factor in Elkton's cost of living. The median monthly rent is $950 (28% below the US median of $1,319), and the median home value sits at $265,400 (13% below the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Elkton is $57,955, which is 23% lower than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Elkton. The area sees an average annual temperature of 55.9°F, with summers averaging 69°F and winters around 44°F. Annual rainfall totals 32.1 inches spread over roughly 141 days.

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.

Housing

Median Rent

$950/mo

Median Home Value

$265,400

Median Monthly Housing Cost

$1,091/mo

Climate in Elkton

NOAA 30-year normals (1991-2020)

55.9°F

Avg Temperature

32.1"

Rainfall / Year

141d

Rainy Days / Year

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
High °F	50	54	59	63	71	77	86	86	80	67	54	48
Avg °F	44	46	49	53	60	65	72	72	66	56	47	43
Low °F	37	38	40	43	48	53	57	57	52	45	41	37
Rain"	4.8	3.6	3.5	2.7	2.1	0.9	0.3	0.2	0.9	2.3	4.7	6.1

Cost of Living in Elkton, OR