Cost of Living in Elsinore, UT

With a cost of living index of 79, Elsinore, UT is a very affordable place to live. Living here is 21% cheaper than the national average and 28% below the Utah state average of 108. Elsinore is a small community of 760 residents.

Housing costs are the biggest factor in Elsinore's cost of living. The median monthly rent is $906 (31% below the US median of $1,319), and the median home value sits at $223,700 (27% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Elsinore is $67,708, which is 10% lower than the national median of $75,149. Residents spend roughly 16% 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.

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.