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Elk Point, South Dakota

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
2,537
Population
$90,473
Median Income
$248,500
Home Value
35.5
Median Age

Demographics

Elk Point has a population of 2,537 with a median age of 35.5. Here is the racial and ethnic breakdown of the population:

White
93.1%
Other
4.6%
Hispanic
1.4%
Black
0.6%
Demographic Value
Total Population2,537
Median Age35.5
White93.1%
Black or African American0.6%
Asian0.3%
Hispanic or Latino1.4%
Other / Two or More Races4.6%
Elk Point, South Dakota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 93.1%Other: 4.6%Other: 2.3%2,537PopulationWhiteWhite93.1%OtherOther4.6%OtherOther2.3%

Income & Economy

The median household income in Elk Point is $90,473, which is 12.2% above the national median of $80,610. The per capita income is $35,133. The poverty rate is 8.5%.

$90,473
Median Household Income
$35,133
Per Capita Income
8.5%
Poverty Rate

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Education

In Elk Point, 96.3% of residents age 25+ have a high school diploma or higher, and 29.4% hold a bachelor's degree or higher (9.3% with a graduate or professional degree).

HS Diploma+
96.3%
Bachelor's+
29.4%
Graduate+
9.3%
Education Level % of Adults (25+)
High School Diploma or Higher96.3%
Bachelor's Degree or Higher29.4%
Graduate or Professional Degree9.3%

Housing

The median home value in Elk Point is $248,500, below the national median of $303,400. The homeownership rate is 78.4%.

$248,500
Median Home Value
78.4%
Homeownership Rate
Housing Metric Value
Median Home Value$248,500
Homeownership Rate78.4%
Vacancy Rate5.2%

Salaries in South Dakota

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Frequently Asked Questions

What is the population of Elk Point, South Dakota?
The population of Elk Point, South Dakota is 2,537 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Elk Point, South Dakota?
The median household income in Elk Point, South Dakota is $90,473. This is 12.2% above the national median of $80,610.
What is the median home value in Elk Point, South Dakota?
The median home value in Elk Point, South Dakota is $248,500.
What percentage of people in Elk Point have a college degree?
In Elk Point, South Dakota, 29.4% of adults age 25 and older hold a bachelor's degree or higher, and 96.3% have a high school diploma or higher.
Is Elk Point, South Dakota an affordable place to live?
The home price-to-income ratio in Elk Point, South Dakota is 2.7x (median home value $248,500 vs. median income $90,473), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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