Living in Elko, South Carolina
Cost of living, income, home prices, rent and demographics of Elko · Census data 2020–2024
Elko has 296 residents with a median age of 32.3. The median household income is $40,278 (42% lower than the South Carolina median), the median home value is $85,500, the median rent is $1,571/month.
Elko is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elko at a glance
- Population
- 296
- Median age
- 32.3State: 40.2
- Median household income
- $40,278State: $69,324
- Median home value
- $85,500State: $259,000
- Median rent
- $1,571/moState: $1,180
- Homeowners
- 74.4%
- Bachelor's degree or higher
- 7.5%
- Average commute
- 34 min
Is Elko a good place to live?
Pros: Home values 67% lower than the state median.
Cons: Median household income 42% lower than the South Carolina median; an average commute of 34 minutes; unemployment of 48.4%; a poverty rate of 26.7%.
The weather is best in April–May and September–October.
Cost of living in Elko
Housing is the biggest part of the cost of living. In Elko the median home value is $85,500, 74% lower than the U.S. median. Renters pay a median of $1,571 per month, which is 51% of household income. Homeowners with a mortgage pay $1,266 a month in housing costs.
Elko median household income
The median household income in Elko is $40,278 and the income per person is $18,905. 26.7% of residents live below the poverty line (South Carolina: 14.1%).
Housing in Elko: homes for sale and rent
- Housing units
- 120
- Owner-occupied
- 74.4%
- Renter-occupied
- 25.6%
- Vacant
- 28.3%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 3.44
Elko demographics
- Population
- 296
- Median age
- 32.3
- Under 18
- 23.6%
- 65 and older
- 24.3%
- Households
- 86
- Foreign-born
- 0%
- Veterans
- 11.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Elko ›
Education in Elko
7.5% of adults 25 and older in Elko have a bachelor's degree or higher (South Carolina: 32.1%), and 7.5% have a graduate or professional degree.
Jobs and commute in Elko
- Unemployment rate
- 48.4%State: 4.9%
- Average commute
- 34 minState: 26 min
- Work from home
- 19.4%
- Drive alone
- 77.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 83.7%
Elko vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elko | 296 | $40,278 | $85,500 | $1,571 |
| Williston | 2,870 | $39,484 | $105,100 | $677 |
| Blackville | 1,778 | $21,742 | $80,400 | — |
| Barnwell | 4,613 | $52,006 | $145,300 | $678 |
| Springfield | 468 | $47,763 | $70,500 | $805 |
| Hilda | 468 | $44,861 | $64,600 | $771 |
| Snelling | 219 | $51,500 | $64,400 | — |
| Salley | 288 | $34,340 | $219,400 | $675 |
| Denmark | 3,117 | $27,451 | $63,900 | $806 |
More for people moving to Elko
Elko ZIP code ›Weather and climate ›Living in Elko: FAQ
What is the median household income in Elko, SC?
The median household income in Elko is $40,278, 42% lower than the South Carolina median of $69,324 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elko?
The median home value in Elko is $85,500, compared with $259,000 in South Carolina.
How much is rent in Elko?
The median gross rent in Elko is $1,571 per month, about 51% of household income.
Is Elko, SC a good place to live?
Pluses: home values 67% lower than the state median. Minuses: median household income 42% lower than the South Carolina median; an average commute of 34 minutes; unemployment of 48.4%; a poverty rate of 26.7%.
What is the median age in Elko?
The median age in Elko is 32.3 years (South Carolina: 40.2).
How long is the commute in Elko?
The average commute to work in Elko is 34 minutes; 19.4% of workers work from home.
What is the unemployment rate in Elko?
The unemployment rate in Elko is 48.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elko?
7.5% of adults in Elko 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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