salaryRent is higher than in 64% of U.S. cities. Household incomes are higher than in 87% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 33.8 minutes each way. Most homes (80.2%) are owned, so rentals can be hard to find. It is a highly educated city: 71.3% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $76,440 a year. That is $37 an hour at a full-time job.
Is rent cheaper than other Pennsylvania cities?
No. Rent here is more expensive than in most of Pennsylvania. It is number 228 of 269 cities from cheapest to most expensive.
How much do households earn in Elkins Park?
Share of households by yearly income. 55.0% of households earn $100,000 or more.
Rent by apartment size in Elkins Park
| Size | Elkins Park | U.S. average |
|---|---|---|
| 1 bedroom | $874 | $1,324 |
| 2 bedrooms | $2,271 | $1,509 |
| 3 bedrooms | $2,658 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Elkins Park overall?
Everyday prices in Pennsylvania overall are 2% below the U.S. average (index 97.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Elkins Park, so the Pennsylvania figure is shown.
Taxes and bills in Elkins Park
Life in Elkins Park
Is it cheaper to rent or buy in Elkins Park?
Renting is cheaper right now: about $873 a month less.
Owning assumes a typical $401,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $40,120 for the down payment.
Frequently asked questions
What is the average rent in Elkins Park, PA?
Renting in Elkins Park costs a median of about $1,911 a month in 2026, including utilities. The Pennsylvania median is $1,367.
How much do I need to make to live in Elkins Park?
To keep rent under 30% of income, you need about $76,440 a year, or $37 an hour at a full-time job.
Is Elkins Park cheap or expensive?
Elkins Park is rated Cheap: rent takes 16.4% of the typical household income of $140,045. It ranks 228th cheapest of 269 Pennsylvania cities we track.
How much are property taxes in Elkins Park?
The median homeowner in Elkins Park pays $8,455 a year in property taxes, about 2.11% of the median home value.
Is Elkins Park more expensive than the national average?
Overall prices in Pennsylvania are 2% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Elkins Park?
The median home value in Elkins Park is $401,200, about 2.9 times the typical yearly household income.
7,213 people live in Elkins Park. Numbers are typical (middle) values.