Nevada · Census, HUD and BEA figures · Updated

Cost of Living in Elko County, NV

Prices around Elko County, NV run about the same as the U.S. average (BEA, Nevada). The typical household there earns $86,487 a year, and HUD puts a two-bedroom at $1,530 a month. Keeping that rent under 30% of income takes about $61,200 a year.

Elko County, NV at a glance

Median household income

$86,487$7,207 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,530HUD FY2026 Fair Market Rent
Price level (U.S. = 100)100.0+0% · BEA, Nevada
Electricity13.1¢per kWh · EIA Residential NV
Population54,047Census ACS 5-year estimate

How much rent can you afford in Elko County, NV?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,530Monthly market rent
Share of gross income21.2%Recommended max: 30%
Annual income needed$61,200To meet the 30% standard
Max affordable rent$2,162At 30% of $86,487
0%30% (Affordability standard)100%
Compare against:

How much is rent in Elko County, NV? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Elko County, NV, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Elko County, NV, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$1,055$12,660$42,20014.6%
1-Bedroom Apartment$1,166$13,992$46,64016.2%
2-Bedroom ApartmentBenchmark$1,530$18,360$61,20021.2%
3-Bedroom Home$1,933$23,196$77,32026.8%
4-Bedroom Home$2,567$30,804$102,68035.6%

Rent in Elko County, NV, with the wage each unit needs →

What a typical income covers in Elko County, NV

The 50/30/20 rule applied to the local median of $86,487 a year ($7,207 a month before tax).

Needs (50%)$3,604/moRent ($1,530 2-BR), utilities (~$118/mo), groceries, transit
Wants (30%)$2,162/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,441/moEmergency fund, retirement, paying down loans

What $86,487 leaves after Nevada taxes

Federal income tax, Social Security, Medicare and Nevada tax on the local median income. Change the salary to see yours.

$86,487
$30,000$175,000
Filing status:
Gross salary breakdown$86,487
Net 81%
Fed 12%
FICA 8%
Annual take-home$69,674After all taxes
Monthly deposit$5,806Estimated per month
Biweekly paycheck$2,680Every 2 weeks (26/yr)
Effective tax rate19.4%Total tax burden
Federal income tax$10,197 / yr
Nevada state income taxNo state wage tax$0
FICA (Social Security & Medicare)$6,616 / yr

Living in Elko County, NV: common questions

What is the median household income in Elko County, NV?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Elko County, NV is $86,487 per year (approximately $7,207 per month).

What is the average rent in Elko County, NV?

The closest official figure is HUD's Fair Market Rent for 2026: $1,055 for a studio, $1,166 for one bedroom, $1,530 for two, $1,933 for three and $2,567 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Elko County, NV expensive to live in?

Prices there run about the same as the U.S. average. BEA's regional price parity for Nevada is 100.0, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Elko County, NV?

To keep a $1,530 two-bedroom under 30% of gross income, a household needs about $61,200 a year, or $5,100 a month. That is 71% of what the typical household in Elko County, NV earns.

How much do you need to live comfortably in Elko County, NV?

On the local median income of $86,487 ($7,207 a month before tax), the 50/30/20 rule leaves $3,604 a month for needs like rent, utilities and groceries, $2,162 for everything else and $1,441 for savings or debt. A two-bedroom at $1,530 takes 42% of the needs share.

How much is the electric bill in Elko County, NV?

Homes in Nevada paid 13.1¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $118. Your bill depends mostly on heating and cooling.