Living in Elkins Park, Pennsylvania
Cost of living, income, home prices, rent and demographics of Elkins Park · Census data 2020–2024
Elkins Park has 7,213 residents with a median age of 52.3. The median household income is $129,852 (67% higher than the Pennsylvania median), the median home value is $401,200, the median rent is $1,606/month.
Elkins Park at a glance
- Population
- 7,213
- Median age
- 52.3State: 40.9
- Median household income
- $129,852State: $77,971
- Median home value
- $401,200State: $254,500
- Median rent
- $1,606/moState: $1,209
- Homeowners
- 80.2%
- Bachelor's degree or higher
- 71.3%
- Average commute
- 34 min
Is Elkins Park a good place to live?
Pros: Median household income 67% higher than the Pennsylvania median; unemployment of 5.3%; a poverty rate of 6.4%.
Cons: Home values 58% higher than the state median; an average commute of 34 minutes.
The weather is best in May–June and August–September.
Cost of living in Elkins Park
Housing is the biggest part of the cost of living. In Elkins Park the median home value is $401,200, 21% higher than the U.S. median. Renters pay a median of $1,606 per month, which is 40% of household income. Homeowners with a mortgage pay $2,897 a month in housing costs.
Elkins Park median household income
The median household income in Elkins Park is $129,852 and the income per person is $74,221. 6.4% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Elkins Park: homes for sale and rent
- Housing units
- 3,139
- Owner-occupied
- 80.2%
- Renter-occupied
- 19.8%
- Vacant
- 1.2%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.32
Elkins Park demographics
- Population
- 7,213
- Median age
- 52.3
- Under 18
- 14.5%
- 65 and older
- 28.7%
- Households
- 3,101
- Foreign-born
- 15.1%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Elkins Park ›
Education in Elkins Park
71.3% of adults 25 and older in Elkins Park have a bachelor's degree or higher (Pennsylvania: 35.2%), and 41.3% have a graduate or professional degree.
Jobs and commute in Elkins Park
- Unemployment rate
- 5.3%State: 5.3%
- Average commute
- 34 minState: 26 min
- Work from home
- 29%
- Drive alone
- 46.9%
- Public transit
- 12.6%
- Walk to work
- 1.3%
- Homes with broadband
- 97%
Elkins Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elkins Park | 7,213 | $129,852 | $401,200 | $1,606 |
| Cheltenham | 38,374 | $109,022 | $384,800 | $1,608 |
| Melrose Park | 2,266 | $168,750 | $465,200 | $1,772 |
| McKinley | 2,662 | $107,067 | $346,400 | $2,096 |
| Jenkintown | 4,727 | $110,703 | $398,000 | $1,418 |
| Wyncote | 3,389 | $148,824 | $470,100 | $1,434 |
| Oak Lane | 4,210 | $136,346 | $357,500 | $1,347 |
| Rockledge | 2,634 | $92,639 | $324,300 | $1,111 |
| Cheltenham Village | 2,112 | $90,240 | $295,600 | $1,503 |
More for people moving to Elkins Park
Elkins Park ZIP code ›Weather and climate ›Living in Elkins Park: FAQ
What is the median household income in Elkins Park, PA?
The median household income in Elkins Park is $129,852, 67% higher than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elkins Park?
The median home value in Elkins Park is $401,200, compared with $254,500 in Pennsylvania.
How much is rent in Elkins Park?
The median gross rent in Elkins Park is $1,606 per month, about 40% of household income.
Is Elkins Park, PA a good place to live?
Pluses: median household income 67% higher than the Pennsylvania median; unemployment of 5.3%; a poverty rate of 6.4%. Minuses: home values 58% higher than the state median; an average commute of 34 minutes.
What is the median age in Elkins Park?
The median age in Elkins Park is 52.3 years (Pennsylvania: 40.9).
How long is the commute in Elkins Park?
The average commute to work in Elkins Park is 34 minutes; 29% of workers work from home.
What is the unemployment rate in Elkins Park?
The unemployment rate in Elkins Park is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elkins Park?
71.3% of adults in Elkins Park 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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