Elko is one of 565 " Micropolitan" towns in the U.S.According to a June 2004 Wall Street Journal report, larger companies are taking notice of micropolitan areas. They offer some of the cultural attractions and conveniences of cities without all the expenses and liabilities of urban sprawl. According to the report, employers find it easier to open a factory or an office park in these towns, which have plenty of room for expansion and lower real estate and labor costs than in traditional metropolitan areas.
USA Today reports “micropolitans are becoming economic hubs, drawing workers and shoppers from miles around. Small towns that have good highways and rail lines have huge advantages. In addition, micropolitans offer cheaper land, cheaper construction, lower labor rates and a small-town quality of life. Micropolitans represent potentially lucrative ~ and untapped ~ markets. More than 28 million people, or one in 10 Americans, live in such areas. For the 565 small U.S. cities at the center of these micros, the official identity lets them market themselves as “economic entities that extend far beyond city limits.”
Overall, Elko, NV cost of living is 95.70.
Compared to the rest of the country, Elko Metro Area's cost of living is 5.30% Lower than the U.S. average.