States › Wisconsin › Elkhorn

Is Elkhorn, WI expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,14435% lower than U.S. average
💵 Families earn per year (2026)$83,744about $6,979/month · 4% lower than U.S. average
🔑 House price$273,60018% lower than U.S. average

Rent is lower than in 79% of U.S. cities. A typical house costs about 3.3 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $45,760 a year. That is $22 an hour at a full-time job.

Is rent cheaper than other Wisconsin cities?

Yes. Rent here is cheaper than in most of Wisconsin. It is number 48 of 156 cities from cheapest to most expensive.

Elkhorn
$1,144
Portage
$1,274
Reedsburg
$1,101
Hartland
$1,888
Sparta
$825
New Richmond
$1,747
Monroe
$901

How much do households earn in Elkhorn?

Under $25k
12.7%
$25k–50k
16.7%
$50k–100k
40.5%
$100k–150k
14.5%
$150k+
12.4%

Share of households by yearly income. 26.9% of households earn $100,000 or more.

Rent by apartment size in Elkhorn

SizeElkhornU.S. average
1 bedroom$840$1,324
2 bedrooms$1,200$1,509
3 bedrooms$1,747$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Elkhorn overall?

Everyday prices in Wisconsin overall are 6% below the U.S. average (index 94.1, U.S. = 100).

Housing
79
Goods (food, clothes…)
94
Utilities
90
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Elkhorn, so the Wisconsin figure is shown.

Taxes and bills in Elkhorn

🏛️ Property tax$4,145a year · 1.51% of home value · U.S. $3,119
⚡ Electric bill$125a month (typical) · U.S. $156

Life in Elkhorn

Commute to work21.1 minU.S.: 26.4 min
College degree30.1%U.S.: 35.7%
Own their home54.8%U.S.: 65.2%
Below poverty line7.6%U.S.: 12.5%
Unemployment1.3%U.S.: 5.2%

Is it cheaper to rent or buy in Elkhorn?

Renting is cheaper right now: about $754 a month less.

Renting
$1,144
Owning
$1,898

Owning assumes a typical $273,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $27,360 for the down payment.

Frequently asked questions

What is the average rent in Elkhorn, WI?

Renting in Elkhorn costs a median of about $1,144 a month in 2026, including utilities. The Wisconsin median is $1,305.

How much do I need to make to live in Elkhorn?

To keep rent under 30% of income, you need about $45,760 a year, or $22 an hour at a full-time job.

Is Elkhorn cheap or expensive?

Elkhorn is rated Cheap: rent takes 16.4% of the typical household income of $83,744. It ranks 48th cheapest of 156 Wisconsin cities we track.

How much are property taxes in Elkhorn?

The median homeowner in Elkhorn pays $4,145 a year in property taxes, about 1.51% of the median home value.

Is Elkhorn more expensive than the national average?

Overall prices in Wisconsin are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Elkhorn?

The median home value in Elkhorn is $273,600, about 3.3 times the typical yearly household income.

10,221 people live in Elkhorn. Numbers are typical (middle) values.