Living in Elkton, Michigan
Cost of living, income, home prices, rent and demographics of Elkton · Census data 2020–2024
Elkton has 750 residents with a median age of 44. The median household income is $48,654 (33% lower than the Michigan median), the median home value is $92,300, the median rent is $909/month.
Elkton is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elkton at a glance
- Population
- 750
- Median age
- 44State: 40.2
- Median household income
- $48,654State: $72,875
- Median home value
- $92,300State: $231,600
- Median rent
- $909/moState: $1,129
- Homeowners
- 61.5%
- Bachelor's degree or higher
- 16.5%
- Average commute
- 21 min
Is Elkton a good place to live?
Pros: Home values 60% lower than the state median; an average commute of 21 minutes; unemployment of 1.8%.
Cons: Median household income 33% lower than the Michigan median; a poverty rate of 23%.
The weather is best in June to September.
Cost of living in Elkton
Housing is the biggest part of the cost of living. In Elkton the median home value is $92,300, 72% lower than the U.S. median. Renters pay a median of $909 per month, which is 40% of household income. Homeowners with a mortgage pay $928 a month in housing costs.
Elkton median household income
The median household income in Elkton is $48,654 and the income per person is $27,875. 23% of residents live below the poverty line (Michigan: 13.2%).
Housing in Elkton: homes for sale and rent
- Housing units
- 392
- Owner-occupied
- 61.5%
- Renter-occupied
- 38.5%
- Vacant
- 6.6%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.05
Elkton demographics
- Population
- 750
- Median age
- 44
- Under 18
- 21.9%
- 65 and older
- 16.9%
- Households
- 366
- Foreign-born
- 3.6%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Elkton ›
Education in Elkton
16.5% of adults 25 and older in Elkton have a bachelor's degree or higher (Michigan: 32.4%), and 6.4% have a graduate or professional degree.
Jobs and commute in Elkton
- Unemployment rate
- 1.8%State: 5.7%
- Average commute
- 21 minState: 24 min
- Work from home
- 0.3%
- Drive alone
- 63.4%
- Public transit
- 0.3%
- Walk to work
- 4.9%
- Homes with broadband
- 79.8%
Elkton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elkton | 750 | $48,654 | $92,300 | $909 |
| Pigeon | 1,100 | $52,361 | $120,000 | $853 |
| Owendale | 193 | $54,375 | $67,800 | $967 |
| Bad Axe | 2,992 | $44,688 | $125,200 | $742 |
| Bay Port | 474 | $48,333 | $118,000 | $675 |
| Caseville | 634 | $55,729 | $178,300 | $578 |
| Gagetown | 311 | $55,000 | $77,100 | $725 |
| Kinde | 414 | $49,886 | $94,800 | $725 |
| Ubly | 785 | $54,886 | $111,700 | $692 |
More for people moving to Elkton
Elkton ZIP code ›Weather and climate ›Living in Elkton: FAQ
What is the median household income in Elkton, MI?
The median household income in Elkton is $48,654, 33% lower than the Michigan median of $72,875 (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 $92,300, compared with $231,600 in Michigan.
How much is rent in Elkton?
The median gross rent in Elkton is $909 per month, about 40% of household income.
Is Elkton, MI a good place to live?
Pluses: home values 60% lower than the state median; an average commute of 21 minutes; unemployment of 1.8%. Minuses: median household income 33% lower than the Michigan median; a poverty rate of 23%.
What is the median age in Elkton?
The median age in Elkton is 44 years (Michigan: 40.2).
How long is the commute in Elkton?
The average commute to work in Elkton is 21 minutes; 0.3% of workers work from home.
What is the unemployment rate in Elkton?
The unemployment rate in Elkton is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elkton?
16.5% 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.
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