Whether you're relocating to Elon City for work, school, or recreation, you'll find a range of benefits. Elon's streets are safe, its economy is steady, and its schools consistently produce great results. Elon's median home value is $297,300, and its median income is $69,085. Overall, Elon's cost of living is 107, which is lower than the national average. You can even attend a local sporting event at Rhodes Stadium.
The city's population is rapidly increasing as developers build apartment complexes and businesses. A new Tesla Gigafactory is being built east of Downtown on 2,000 acres. The company's future site is set to include a boardwalk, bike and hike trail, and a Tesla Cybertruck factory. The city has recently received approval to build the Model Y and Semi. In addition to the new factory, Tesla announced plans to build a Model 3 sedan and Semi. Musk has even toured the site with his Cybertruck.