Living in Elkin, North Carolina
Cost of living, income, home prices, rent and demographics of Elkin · Census data 2020–2024
Elkin has 4,043 residents with a median age of 41.6. The median household income is $60,740 (16% lower than the North Carolina median), the median home value is $226,900, the median rent is $807/month.
Elkin at a glance
- Population
- 4,043
- Median age
- 41.6State: 39.1
- Median household income
- $60,740State: $72,388
- Median home value
- $226,900State: $288,900
- Median rent
- $807/moState: $1,228
- Homeowners
- 60.8%
- Bachelor's degree or higher
- 29.8%
- Average commute
- 26 min
Is Elkin a good place to live?
Pros: Home values 21% lower than the state median.
Cons: Median household income 16% lower than the North Carolina median; an average commute of 26 minutes; unemployment of 5%; a poverty rate of 22.3%.
The weather is best in April–May and September–October.
Cost of living in Elkin
Housing is the biggest part of the cost of living. In Elkin the median home value is $226,900, 32% lower than the U.S. median. Renters pay a median of $807 per month, which is 38.1% of household income. Homeowners with a mortgage pay $1,468 a month in housing costs.
Elkin median household income
The median household income in Elkin is $60,740 and the income per person is $32,880. 22.3% of residents live below the poverty line (North Carolina: 13%).
Housing in Elkin: homes for sale and rent
- Housing units
- 1,972
- Owner-occupied
- 60.8%
- Renter-occupied
- 39.2%
- Vacant
- 15.8%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.31
Elkin demographics
- Population
- 4,043
- Median age
- 41.6
- Under 18
- 22%
- 65 and older
- 22.3%
- Households
- 1,660
- Foreign-born
- 5.7%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Elkin ›
Education in Elkin
29.8% of adults 25 and older in Elkin have a bachelor's degree or higher (North Carolina: 35.7%), and 8.4% have a graduate or professional degree.
Jobs and commute in Elkin
- Unemployment rate
- 5%State: 4.7%
- Average commute
- 26 minState: 25 min
- Work from home
- 12.3%
- Drive alone
- 69.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 91.7%
Elkin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elkin | 4,043 | $60,740 | $226,900 | $807 |
| Jonesville | 2,860 | $29,837 | $102,900 | $499 |
| Pleasant Hill | 793 | $52,381 | $147,800 | — |
| Ronda | 436 | $48,393 | $109,500 | $875 |
| Boonville | 1,593 | $68,145 | $165,400 | $837 |
| Dobson | 1,652 | $43,750 | $173,900 | $528 |
| Yadkinville | 3,004 | $53,125 | $183,800 | $745 |
| Hays | 1,053 | $55,035 | $183,800 | — |
| White Plains | 795 | $44,242 | $231,700 | $548 |
More for people moving to Elkin
Elkin ZIP code ›Weather and climate ›Living in Elkin: FAQ
What is the median household income in Elkin, NC?
The median household income in Elkin is $60,740, 16% lower than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elkin?
The median home value in Elkin is $226,900, compared with $288,900 in North Carolina.
How much is rent in Elkin?
The median gross rent in Elkin is $807 per month, about 38.1% of household income.
Is Elkin, NC a good place to live?
Pluses: home values 21% lower than the state median. Minuses: median household income 16% lower than the North Carolina median; an average commute of 26 minutes; unemployment of 5%; a poverty rate of 22.3%.
What is the median age in Elkin?
The median age in Elkin is 41.6 years (North Carolina: 39.1).
How long is the commute in Elkin?
The average commute to work in Elkin is 26 minutes; 12.3% of workers work from home.
What is the unemployment rate in Elkin?
The unemployment rate in Elkin is 5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elkin?
29.8% of adults in Elkin 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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