Cost of living in Elk Grove, CA — Housing, Rent & Index

The median home value in Elk Grove, CA is $637,623 as of 2026-04. That places Elk Grove above the US average for housing cost, with a cost index of approximately 180 versus a national baseline of 100.

Over the past 12 months, the median home value in Elk Grove has fallen 3.4%, and over the past five years it has averaged +3.1% annual growth. The current price sits -8.6% from its 5-year peak in 2022-06.

Renters pay a median of $2,669 per month in Elk Grove. Rents have changed +2.1% over the last year and averaged +3.9% per year over five years.

Beyond housing, day-to-day costs in Elk Grove are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.