Living in Elgin, Minnesota
Cost of living, income, home prices, rent and demographics of Elgin · Census data 2020–2024
Elgin has 1,116 residents with a median age of 33.6. The median household income is $92,083 (3% higher than the Minnesota median), the median home value is $232,200, the median rent is $727/month.
Elgin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elgin at a glance
- Population
- 1,116
- Median age
- 33.6State: 38.8
- Median household income
- $92,083State: $89,062
- Median home value
- $232,200State: $329,300
- Median rent
- $727/moState: $1,280
- Homeowners
- 81.5%
- Bachelor's degree or higher
- 25.2%
- Average commute
- 26 min
Is Elgin a good place to live?
Pros: Median household income 3% higher than the Minnesota median; home values 29% lower than the state median; a poverty rate of 7.6%.
Cons: An average commute of 26 minutes; unemployment of 5.2%.
The weather is best in June to September.
Cost of living in Elgin
Housing is the biggest part of the cost of living. In Elgin the median home value is $232,200, 30% lower than the U.S. median. Renters pay a median of $727 per month, which is 17.3% of household income. Homeowners with a mortgage pay $1,692 a month in housing costs.
Elgin median household income
The median household income in Elgin is $92,083 and the income per person is $37,379. 7.6% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Elgin: homes for sale and rent
- Housing units
- 475
- Owner-occupied
- 81.5%
- Renter-occupied
- 18.5%
- Vacant
- 14.7%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.76
Elgin demographics
- Population
- 1,116
- Median age
- 33.6
- Under 18
- 26.3%
- 65 and older
- 10.2%
- Households
- 405
- Foreign-born
- 0.4%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Elgin ›
Education in Elgin
25.2% of adults 25 and older in Elgin have a bachelor's degree or higher (Minnesota: 39.4%), and 5.2% have a graduate or professional degree.
Jobs and commute in Elgin
- Unemployment rate
- 5.2%State: 4.1%
- Average commute
- 26 minState: 23 min
- Work from home
- 12.6%
- Drive alone
- 76.3%
- Public transit
- 0%
- Walk to work
- 4.2%
- Homes with broadband
- 93.8%
Elgin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elgin | 1,116 | $92,083 | $232,200 | $727 |
| Plainview | 3,500 | $82,926 | $245,300 | $828 |
| Millville | 247 | $94,063 | $159,400 | $775 |
| Hammond | 134 | $58,438 | $146,900 | $863 |
| Eyota | 1,944 | $82,930 | $278,200 | $805 |
| Elba | 102 | $76,250 | $159,400 | $825 |
| Dover | 895 | $116,250 | $305,200 | $853 |
| Rochester | 122,330 | $89,389 | $310,500 | $1,399 |
| Zumbro Falls | 157 | $93,542 | $263,300 | — |
More for people moving to Elgin
Elgin ZIP code ›Weather and climate ›Living in Elgin: FAQ
What is the median household income in Elgin, MN?
The median household income in Elgin is $92,083, 3% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elgin?
The median home value in Elgin is $232,200, compared with $329,300 in Minnesota.
How much is rent in Elgin?
The median gross rent in Elgin is $727 per month, about 17.3% of household income.
Is Elgin, MN a good place to live?
Pluses: median household income 3% higher than the Minnesota median; home values 29% lower than the state median; a poverty rate of 7.6%. Minuses: an average commute of 26 minutes; unemployment of 5.2%.
What is the median age in Elgin?
The median age in Elgin is 33.6 years (Minnesota: 38.8).
How long is the commute in Elgin?
The average commute to work in Elgin is 26 minutes; 12.6% of workers work from home.
What is the unemployment rate in Elgin?
The unemployment rate in Elgin is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elgin?
25.2% of adults in Elgin 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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