Key Economic Benchmarks
Median Household Income
$86,487$7,207 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Elko County, NV
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Elko County, NV
Official FY2026 HUD Fair Market Rents for Elko County, NV. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,055 | $12,660 | $42,200 | 14.6% |
| 1-Bedroom Apartment | $1,166 | $13,992 | $46,640 | 16.2% |
| 2-Bedroom ApartmentBenchmark | $1,530 | $18,360 | $61,200 | 21.2% |
| 3-Bedroom Home | $1,933 | $23,196 | $77,320 | 26.8% |
| 4-Bedroom Home | $2,567 | $30,804 | $102,680 | 35.6% |
50/30/20 Living Budget in Elko County, NV
Based on the local median household income of $86,487/year ($7,207/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Nevada
Explore net income after federal income tax, FICA, and Nevada state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Nevada with official federal datasets:
Frequently Asked Questions About Living in Elko County, NV
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?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Elko County, NV are $1,055 for a studio, $1,166 for 1 bedroom, $1,530 for 2 bedrooms, $1,933 for 3 bedrooms, and $2,567 for 4 bedrooms.
How does the cost of living in Elko County, NV compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Elko County, NV is 100.0 (0% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Elko County, NV?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,530/month) in Elko County, NV requires a minimum gross household income of $61,200 per year ($5,100 per month).
What is a balanced 50/30/20 monthly budget in Elko County, NV?
For a typical household earning the median income of $86,487/year ($7,207/month) in Elko County, NV, a balanced 50/30/20 budget allocates $3,604/month to essential needs (rent, utilities, groceries), $2,162/month to discretionary spending, and $1,441/month to savings and debt repayment.
What are typical electricity and utility costs in Elko County, NV?
Residential electricity rates in Nevada average 13.1¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $118 per month.