salaryRent is higher than in 77% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are long, about 32.3 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $89,240 a year. That is $43 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 367 of 426 cities from cheapest to most expensive.
How much do households earn in Elgin?
Share of households by yearly income. 31.5% of households earn $100,000 or more.
Rent by apartment size in Elgin
| Size | Elgin | U.S. average |
|---|---|---|
| 1 bedroom | $1,458 | $1,324 |
| 2 bedrooms | $1,394 | $1,509 |
| 3 bedrooms | $1,870 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Elgin overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Elgin, so the Texas figure is shown.
Taxes and bills in Elgin
Life in Elgin
Is it cheaper to rent or buy in Elgin?
About the same. Renting and owning cost within $34 of each other each month.
Owning assumes a typical $326,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $32,640 for the down payment.
Frequently asked questions
What is the average rent in Elgin, TX?
Renting in Elgin costs a median of about $2,231 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Elgin?
To keep rent under 30% of income, you need about $89,240 a year, or $43 an hour at a full-time job.
Is Elgin cheap or expensive?
Elgin is rated OK: rent takes 27.2% of the typical household income of $98,266. It ranks 367th cheapest of 426 Texas cities we track.
How much are property taxes in Elgin?
The median homeowner in Elgin pays $6,400 a year in property taxes, about 1.96% of the median home value.
Is Elgin more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Elgin?
The median home value in Elgin is $326,400, about 3.3 times the typical yearly household income.
11,563 people live in Elgin. Numbers are typical (middle) values.