Elgin has a population of 114,190 with a median age of 35.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 114,190 |
| Median Age | 35.5 |
| White | 50.6% |
| Black or African American | 5.4% |
| Asian | 6.2% |
| Hispanic or Latino | 47.3% |
The median household income in Elgin is $85,998, which is 14.4% above the national median of $75,149. The per capita income is $35,037. The poverty rate is 10.0%.
The unemployment rate in Elgin is 6.0%, compared to the national rate of 5.4%.
In Elgin, 81.1% of residents age 25+ have a high school diploma or higher, and 26.7% hold a bachelor's degree or higher (9.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 81.1% |
| Bachelor's Degree or Higher | 26.7% |
| Graduate or Professional Degree | 9.9% |
The median home value in Elgin is $242,500, below the national median of $281,900. The median monthly rent is $1,190. The homeownership rate is 71.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $242,500 |
| Median Monthly Rent | $1,190 |
| Homeownership Rate | 71.2% |
| Vacancy Rate | 3.0% |
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