Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Elko is a medium-sized city located in the state of Nevada. The city has a population of 20,396 residents. If we look at the most recent Census, Elko is known to have a predominantly White population. The next two most common races are American Indian and Alaskan and Black. Additionally, more than a quarter of the population of Elko are of Hispanic or Latino origin, and 16% of the population also speak Spanish. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Elko your home, your one-way commute time will typically last around 25 minutes, a duration that aligns with the national average commute time of 26 minutes.
Living in Elko can be a great experience for anyone relocating to the town. Having said that, in the state of Nevada, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like commute, education, employment, housing and other key data points, finding the best places to live in Elko and in the areas around Elko is a much easier task.
The livability score in Elko is 73/100 and the city is ranked in the 86th percentile of all cities across America. If we take a closer look at each of the categories individually, we see that Elko ranks well for amenities (B), cost of living (A), employment (A+) and housing (A). On a more negative note, Elko does not have favorable scores for the following: crime (D). If we take a look at the data, we can find out why.
If you're living in Elko, you can expect to enjoy a multitude of local amenities, mostly thanks to the strategic placement of essential services such as grocery stores, restaurants, coffee shops, parks and various shops. If you're contemplating a move to this locale with the intent of establishing it as your permanent residence, you'll be pleased to find an extensive array of amenities and recreational opportunities within easy reach, either on foot or via a brief commute. This wealth of accessible amenities not only enhances the livability of the area but also ensures that you can enjoy a rich and fulfilling lifestyle, making Elko an attractive destination for those seeking a vibrant and well-served community to call home.
The Elko unemployment rate of 2.66% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Elko has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Elko meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Elko. Everything else becomes a lot less important if it turns out that home prices in Elko are simply unattainable. Median real estate prices in Elko come in at $229,600, which is 19.8% higher than the Nevada average. The home price to income ratio compares the median home prices to the median household income. In Elko, the home price to income ratio is 3, which is 16.7% lower than the Nevada average.
| Statistic | Elko | Nevada | National |
| Average one way commute | 25min | 24min | 26min |
| Workers who drive to work | 67.2% | 78.0% | 76.4% |
| Workers who carpool | 15.0% | 10.7% | 9.3% |
| Workers who take public transit | 10.1% | 3.6% | 5.1% |
| Workers who bicycle | 0.4% | 0.4% | 0.6% |
| Workers who walk | 3.8% | 2.1% | 2.8% |
| Working from home | 2.3% | 3.6% | 4.6% |
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