Living in Elon, North Carolina
Cost of living, income, home prices, rent and demographics of Elon · Census data 2020–2024
Elon has 11,032 residents with a median age of 21.2. The median household income is $84,773 (17% higher than the North Carolina median), the median home value is $366,300, the median rent is $2,080/month.
Elon at a glance
- Population
- 11,032
- Median age
- 21.2State: 39.1
- Median household income
- $84,773State: $72,388
- Median home value
- $366,300State: $288,900
- Median rent
- $2,080/moState: $1,228
- Homeowners
- 70.1%
- Bachelor's degree or higher
- 51.5%
- Average commute
- 20 min
Is Elon a good place to live?
Pros: Median household income 17% higher than the North Carolina median; an average commute of 20 minutes.
Cons: Home values 27% higher than the state median; unemployment of 5.1%; a poverty rate of 20%.
The weather is best in April–May and September–October.
Cost of living in Elon
Housing is the biggest part of the cost of living. In Elon the median home value is $366,300, 10% higher than the U.S. median. Renters pay a median of $2,080 per month, which is 51% of household income. Homeowners with a mortgage pay $1,972 a month in housing costs.
Elon median household income
The median household income in Elon is $84,773 and the income per person is $28,605. 20% of residents live below the poverty line (North Carolina: 13%).
Housing in Elon: homes for sale and rent
- Housing units
- 3,040
- Owner-occupied
- 70.1%
- Renter-occupied
- 29.9%
- Vacant
- 19.2%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 2.61
Elon demographics
- Population
- 11,032
- Median age
- 21.2
- Under 18
- 10.7%
- 65 and older
- 13.2%
- Households
- 2,456
- Foreign-born
- 3.8%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Elon ›
Education in Elon
51.5% of adults 25 and older in Elon have a bachelor's degree or higher (North Carolina: 35.7%), and 28% have a graduate or professional degree.
Jobs and commute in Elon
- Unemployment rate
- 5.1%State: 4.7%
- Average commute
- 20 minState: 25 min
- Work from home
- 12.3%
- Drive alone
- 63.8%
- Public transit
- 0%
- Walk to work
- 19.6%
- Homes with broadband
- 90.3%
Elon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elon | 11,032 | $84,773 | $366,300 | $2,080 |
| Gibsonville | 9,467 | $95,861 | $298,000 | $1,034 |
| Glen Raven | 3,506 | $63,173 | $224,000 | $743 |
| Burlington | 59,610 | $56,880 | $199,200 | $1,051 |
| Whitsett | 569 | $83,393 | $213,000 | $1,167 |
| Ossipee | 795 | $70,417 | $125,700 | $1,094 |
| Alamance | 1,267 | $99,375 | $407,300 | $1,156 |
| Altamahaw | 491 | $57,120 | $310,300 | — |
| Sedalia | 772 | $69,712 | $206,500 | — |
More for people moving to Elon
Elon ZIP code ›Weather and climate ›Living in Elon: FAQ
What is the median household income in Elon, NC?
The median household income in Elon is $84,773, 17% higher 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 Elon?
The median home value in Elon is $366,300, compared with $288,900 in North Carolina.
How much is rent in Elon?
The median gross rent in Elon is $2,080 per month, about 51% of household income.
Is Elon, NC a good place to live?
Pluses: median household income 17% higher than the North Carolina median; an average commute of 20 minutes. Minuses: home values 27% higher than the state median; unemployment of 5.1%; a poverty rate of 20%.
What is the median age in Elon?
The median age in Elon is 21.2 years (North Carolina: 39.1).
How long is the commute in Elon?
The average commute to work in Elon is 20 minutes; 12.3% of workers work from home.
What is the unemployment rate in Elon?
The unemployment rate in Elon is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elon?
51.5% of adults in Elon 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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