Living in Elk, New Jersey
Cost of living, income, home prices, rent and demographics of Elk · Census data 2020–2024
Elk has 4,450 residents with a median age of 44.1. The median household income is $141,382 (37% higher than the New Jersey median), the median home value is $350,400, the median rent is $1,206/month.
Elk at a glance
- Population
- 4,450
- Median age
- 44.1State: 40.1
- Median household income
- $141,382State: $103,556
- Median home value
- $350,400State: $454,400
- Median rent
- $1,206/moState: $1,720
- Homeowners
- 88.7%
- Bachelor's degree or higher
- 37.6%
- Average commute
- 28 min
Is Elk a good place to live?
Pros: Median household income 37% higher than the New Jersey median; home values 23% lower than the state median; an average commute of 28 minutes; unemployment of 6.3%; a poverty rate of 3.9%.
The weather is best in May–June and August–September.
Cost of living in Elk
Housing is the biggest part of the cost of living. In Elk the median home value is $350,400, 5% higher than the U.S. median. Renters pay a median of $1,206 per month, which is 20.4% of household income. Homeowners with a mortgage pay $2,372 a month in housing costs.
Elk median household income
The median household income in Elk is $141,382 and the income per person is $52,530. 3.9% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Elk: homes for sale and rent
- Housing units
- 1,524
- Owner-occupied
- 88.7%
- Renter-occupied
- 11.3%
- Vacant
- 7.1%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 3.09
Elk demographics
- Population
- 4,450
- Median age
- 44.1
- Under 18
- 25.6%
- 65 and older
- 13.1%
- Households
- 1,416
- Foreign-born
- 2.5%
- Veterans
- 7.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Elk ›
Education in Elk
37.6% of adults 25 and older in Elk have a bachelor's degree or higher (New Jersey: 43.6%), and 10.4% have a graduate or professional degree.
Jobs and commute in Elk
- Unemployment rate
- 6.3%State: 6.3%
- Average commute
- 28 minState: 31 min
- Work from home
- 8.3%
- Drive alone
- 76%
- Public transit
- 3%
- Walk to work
- 0%
- Homes with broadband
- 94.1%
Elk vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elk | 4,450 | $141,382 | $350,400 | $1,206 |
| Glassboro | 23,717 | $87,278 | $314,400 | $1,687 |
| Richwood | 3,197 | $216,196 | $594,100 | — |
| Clayton | 8,921 | $90,274 | $252,300 | $1,246 |
| Upper Pittsgrove | 3,466 | $85,521 | $258,300 | $1,520 |
| Mullica Hill | 4,591 | $131,250 | $442,800 | $965 |
| Elmer | 1,176 | $95,357 | $227,300 | $1,741 |
| Harrison | 13,790 | $165,927 | $511,300 | $1,137 |
| Pitman | 8,856 | $98,489 | $279,300 | $1,521 |
More for people moving to Elk
Elk ZIP code ›Weather and climate ›Living in Elk: FAQ
What is the median household income in Elk, NJ?
The median household income in Elk is $141,382, 37% higher than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elk?
The median home value in Elk is $350,400, compared with $454,400 in New Jersey.
How much is rent in Elk?
The median gross rent in Elk is $1,206 per month, about 20.4% of household income.
Is Elk, NJ a good place to live?
Pluses: median household income 37% higher than the New Jersey median; home values 23% lower than the state median; an average commute of 28 minutes; unemployment of 6.3%; a poverty rate of 3.9%.
What is the median age in Elk?
The median age in Elk is 44.1 years (New Jersey: 40.1).
How long is the commute in Elk?
The average commute to work in Elk is 28 minutes; 8.3% of workers work from home.
What is the unemployment rate in Elk?
The unemployment rate in Elk is 6.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elk?
37.6% of adults in Elk 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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