Living in Elkton, Kentucky
Cost of living, income, home prices, rent and demographics of Elkton · Census data 2020–2024
Elkton has 1,924 residents with a median age of 44.8. The median household income is $48,777 (23% lower than the Kentucky median), the median home value is $125,000, the median rent is $906/month.
Elkton at a glance
- Population
- 1,924
- Median age
- 44.8State: 39.1
- Median household income
- $48,777State: $63,726
- Median home value
- $125,000State: $205,600
- Median rent
- $906/moState: $967
- Homeowners
- 57.9%
- Bachelor's degree or higher
- 16.7%
- Average commute
- 22 min
Is Elkton a good place to live?
Pros: Home values 39% lower than the state median; an average commute of 22 minutes; unemployment of 0.5%.
Cons: Median household income 23% lower than the Kentucky median; a poverty rate of 18.2%.
The weather is best in May and August to October.
Cost of living in Elkton
Housing is the biggest part of the cost of living. In Elkton the median home value is $125,000, 62% lower than the U.S. median. Renters pay a median of $906 per month, which is 29.2% of household income. Homeowners with a mortgage pay $953 a month in housing costs.
Elkton median household income
The median household income in Elkton is $48,777 and the income per person is $30,858. 18.2% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Elkton: homes for sale and rent
- Housing units
- 913
- Owner-occupied
- 57.9%
- Renter-occupied
- 42.1%
- Vacant
- 12.9%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.24
Elkton demographics
- Population
- 1,924
- Median age
- 44.8
- Under 18
- 21.3%
- 65 and older
- 25.6%
- Households
- 795
- Foreign-born
- 3.8%
- Veterans
- 14.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Elkton ›
Education in Elkton
16.7% of adults 25 and older in Elkton have a bachelor's degree or higher (Kentucky: 27.6%), and 5.1% have a graduate or professional degree.
Jobs and commute in Elkton
- Unemployment rate
- 0.5%State: 4.9%
- Average commute
- 22 minState: 24 min
- Work from home
- 5.4%
- Drive alone
- 88.4%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 81.6%
Elkton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elkton | 1,924 | $48,777 | $125,000 | $906 |
| Fairview | 226 | $58,309 | — | — |
| Trenton | 376 | $66,964 | $166,500 | — |
| Pembroke | 732 | $70,804 | $191,200 | $813 |
| Guthrie | 1,559 | $35,952 | $134,200 | $909 |
| Russellville | 7,316 | $45,484 | $168,700 | $738 |
| Lewisburg | 1,043 | $38,988 | $102,400 | $457 |
| Adams | 888 | $75,000 | $258,900 | $1,150 |
| Hopkinsville | 30,906 | $49,139 | $172,100 | $902 |
More for people moving to Elkton
Elkton ZIP code ›Weather and climate ›Living in Elkton: FAQ
What is the median household income in Elkton, KY?
The median household income in Elkton is $48,777, 23% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elkton?
The median home value in Elkton is $125,000, compared with $205,600 in Kentucky.
How much is rent in Elkton?
The median gross rent in Elkton is $906 per month, about 29.2% of household income.
Is Elkton, KY a good place to live?
Pluses: home values 39% lower than the state median; an average commute of 22 minutes; unemployment of 0.5%. Minuses: median household income 23% lower than the Kentucky median; a poverty rate of 18.2%.
What is the median age in Elkton?
The median age in Elkton is 44.8 years (Kentucky: 39.1).
How long is the commute in Elkton?
The average commute to work in Elkton is 22 minutes; 5.4% of workers work from home.
What is the unemployment rate in Elkton?
The unemployment rate in Elkton is 0.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elkton?
16.7% of adults in Elkton have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: