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Elgin, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,116
Population
$92,083
Median Income
$232,200
Home Value
33.6
Median Age

Demographics

Elgin has a population of 1,116 with a median age of 33.6. Here is the racial and ethnic breakdown of the population:

White
93.5%
Hispanic
4.2%
Other
2.3%
Demographic Value
Total Population1,116
Median Age33.6
White93.5%
Hispanic or Latino4.2%
Other / Two or More Races2.3%
Elgin, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 93.5%Hispanic/Latino: 4.2%Other: 2.3%1,116PopulationWhiteWhite93.5%Hispanic/LatinoHispanic/Latino4.2%OtherOther2.3%

Income & Economy

The median household income in Elgin is $92,083, which is 14.2% above the national median of $80,610. The per capita income is $37,379. The poverty rate is 7.6%.

$92,083
Median Household Income
$37,379
Per Capita Income
7.6%
Poverty Rate

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Education

In Elgin, 95.5% of residents age 25+ have a high school diploma or higher, and 25.2% hold a bachelor's degree or higher (5.2% with a graduate or professional degree).

HS Diploma+
95.5%
Bachelor's+
25.2%
Graduate+
5.2%
Education Level % of Adults (25+)
High School Diploma or Higher95.5%
Bachelor's Degree or Higher25.2%
Graduate or Professional Degree5.2%

Housing

The median home value in Elgin is $232,200, below the national median of $303,400. The median monthly rent is $727. The homeownership rate is 81.5%.

$232,200
Median Home Value
$727/mo
Median Rent
81.5%
Homeownership Rate
Housing Metric Value
Median Home Value$232,200
Median Monthly Rent$727
Homeownership Rate81.5%
Vacancy Rate14.7%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Elgin, Minnesota?
The population of Elgin, Minnesota is 1,116 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Elgin, Minnesota?
The median household income in Elgin, Minnesota is $92,083. This is 14.2% above the national median of $80,610.
What is the median home value in Elgin, Minnesota?
The median home value in Elgin, Minnesota is $232,200. The median monthly rent is $727.
What percentage of people in Elgin have a college degree?
In Elgin, Minnesota, 25.2% of adults age 25 and older hold a bachelor's degree or higher, and 95.5% have a high school diploma or higher.
Is Elgin, Minnesota an affordable place to live?
The home price-to-income ratio in Elgin, Minnesota is 2.5x (median home value $232,200 vs. median income $92,083), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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