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Elkton, Kentucky

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
1,924
Population
$48,777
Median Income
$125,000
Home Value
44.8
Median Age

Demographics

Elkton has a population of 1,924 with a median age of 44.8. Here is the racial and ethnic breakdown of the population:

White
61.0%
Black
20.3%
Other
10.3%
Hispanic
7.2%
Asian
1.2%
Demographic Value
Total Population1,924
Median Age44.8
White61.0%
Black or African American20.3%
Asian1.2%
Hispanic or Latino7.2%
Other / Two or More Races10.3%
Elkton, Kentucky — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 61.0%Black: 20.3%Other: 10.3%Hispanic/Latino: 7.2%Other: 1.2%1,924PopulationWhiteWhite61.0%BlackBlack20.3%OtherOther10.3%Hispanic/LatinoHispanic/Latino7.2%OtherOther1.2%

Income & Economy

The median household income in Elkton is $48,777, which is 39.5% below the national median of $80,610. The per capita income is $30,858. The poverty rate is 18.2%.

$48,777
Median Household Income
$30,858
Per Capita Income
18.2%
Poverty Rate

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Education

In Elkton, 86.4% of residents age 25+ have a high school diploma or higher, and 16.7% hold a bachelor's degree or higher (5.1% with a graduate or professional degree).

HS Diploma+
86.4%
Bachelor's+
16.7%
Graduate+
5.1%
Education Level % of Adults (25+)
High School Diploma or Higher86.4%
Bachelor's Degree or Higher16.7%
Graduate or Professional Degree5.1%

Housing

The median home value in Elkton is $125,000, below the national median of $303,400. The median monthly rent is $906. The homeownership rate is 57.9%.

$125,000
Median Home Value
$906/mo
Median Rent
57.9%
Homeownership Rate
Housing Metric Value
Median Home Value$125,000
Median Monthly Rent$906
Homeownership Rate57.9%
Vacancy Rate12.9%

Salaries in Kentucky

Explore salary data for popular occupations in Kentucky:

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Frequently Asked Questions

What is the population of Elkton, Kentucky?
The population of Elkton, Kentucky is 1,924 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Elkton, Kentucky?
The median household income in Elkton, Kentucky is $48,777. This is 39.5% below the national median of $80,610.
What is the median home value in Elkton, Kentucky?
The median home value in Elkton, Kentucky is $125,000. The median monthly rent is $906.
What percentage of people in Elkton have a college degree?
In Elkton, Kentucky, 16.7% of adults age 25 and older hold a bachelor's degree or higher, and 86.4% have a high school diploma or higher.
Is Elkton, Kentucky an affordable place to live?
The home price-to-income ratio in Elkton, Kentucky is 2.6x (median home value $125,000 vs. median income $48,777), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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