States › West Virginia › Elkins

Is Elkins, WV expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$76956% lower than U.S. average
💵 Families earn per year (2026)$47,688about $3,974/month · 45% lower than U.S. average
🔑 House price$152,70054% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.2 years of household income. Commutes are short, about 11.5 minutes.

How much money do I need?

To rent here comfortably, you should earn about $30,760 a year. That is $15 an hour at a full-time job.

Is rent cheaper than other West Virginia cities?

Yes. Rent here is cheaper than in most of West Virginia. It is number 4 of 31 cities from cheapest to most expensive.

Elkins
$769
$999
$1,007
$1,051

How much do households earn in Elkins?

Under $25k
29.5%
$25k–50k
25.1%
$50k–100k
26.6%
$100k–150k
5.4%
$150k+
6.9%

Share of households by yearly income. 12.3% of households earn $100,000 or more.

Rent by apartment size in Elkins

SizeElkinsU.S. average
1 bedroom$733$1,324
2 bedrooms$909$1,509
3 bedrooms$1,117$1,698
4 bedrooms$1,392$2,098

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

How expensive is Elkins overall?

Everyday prices in West Virginia overall are 11% below the U.S. average (index 89.5, U.S. = 100).

Housing
54
Goods (food, clothes…)
97
Utilities
92
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 Elkins, so the West Virginia figure is shown.

Taxes and bills in Elkins

🏛️ Property tax$684a year · 0.45% of home value · U.S. $3,119
⚡ Electric bill$118a month (typical) · U.S. $156

Life in Elkins

Commute to work11.5 minU.S.: 26.4 min
College degree31.1%U.S.: 35.7%
Own their home58.5%U.S.: 65.2%
Below poverty line17.3%U.S.: 12.5%
Unemployment6.5%U.S.: 5.2%

Is it cheaper to rent or buy in Elkins?

Renting is cheaper right now: about $291 a month less.

Renting
$769
Owning
$1,060

Owning assumes a typical $152,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,270 for the down payment.

Frequently asked questions

What is the average rent in Elkins, WV?

Renting in Elkins costs a median of about $769 a month in 2026, including utilities. The West Virginia median is $1,007.

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

To keep rent under 30% of income, you need about $30,760 a year, or $15 an hour at a full-time job.

Is Elkins cheap or expensive?

Elkins is rated Cheap: rent takes 19.4% of the typical household income of $47,688. It ranks 4th cheapest of 31 West Virginia cities we track.

How much are property taxes in Elkins?

The median homeowner in Elkins pays $684 a year in property taxes, about 0.45% of the median home value.

Is Elkins more expensive than the national average?

Overall prices in West Virginia are 11% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Elkins?

The median home value in Elkins is $152,700, about 3.2 times the typical yearly household income.

6,811 people live in Elkins. Numbers are typical (middle) values.