Living in Elk Point, South Dakota
Cost of living, income, home prices, rent and demographics of Elk Point · Census data 2020–2024
Elk Point has 2,537 residents with a median age of 35.5. The median household income is $90,473 (21% higher than the South Dakota median), the median home value is $248,500.
Elk Point at a glance
- Population
- 2,537
- Median age
- 35.5State: 38
- Median household income
- $90,473State: $75,081
- Median home value
- $248,500State: $257,400
- Homeowners
- 78.4%
- Bachelor's degree or higher
- 29.4%
- Average commute
- 21 min
Is Elk Point a good place to live?
Pros: Median household income 21% higher than the South Dakota median; home values 3% lower than the state median; a poverty rate of 8.5%.
Cons: An average commute of 21 minutes; unemployment of 3%.
The weather is best in May–June and August–September.
Cost of living in Elk Point
Housing is the biggest part of the cost of living. In Elk Point the median home value is $248,500, 25% lower than the U.S. median. Renters pay a median of — per month, which is 32.1% of household income. Homeowners with a mortgage pay $1,606 a month in housing costs.
Elk Point median household income
The median household income in Elk Point is $90,473 and the income per person is $35,133. 8.5% of residents live below the poverty line (South Dakota: 11.9%).
Housing in Elk Point: homes for sale and rent
- Housing units
- 1,021
- Owner-occupied
- 78.4%
- Renter-occupied
- 21.6%
- Vacant
- 5.2%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.55
Elk Point demographics
- Population
- 2,537
- Median age
- 35.5
- Under 18
- 29.5%
- 65 and older
- 17.7%
- Households
- 968
- Foreign-born
- 0.7%
- Veterans
- 10.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Elk Point ›
Education in Elk Point
29.4% of adults 25 and older in Elk Point have a bachelor's degree or higher (South Dakota: 31.9%), and 9.3% have a graduate or professional degree.
Jobs and commute in Elk Point
- Unemployment rate
- 3%State: 2.9%
- Average commute
- 21 minState: 18 min
- Work from home
- 7.9%
- Drive alone
- 80.5%
- Public transit
- 0%
- Walk to work
- 1.3%
- Homes with broadband
- 87.4%
Elk Point vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elk Point | 2,537 | $90,473 | $248,500 | — |
| Richland | 107 | $130,417 | $208,300 | — |
| Westfield | 123 | $68,125 | $117,500 | $993 |
| Jefferson | 554 | $82,888 | $179,400 | — |
| Ponca | 727 | $57,188 | $201,000 | $505 |
| Burbank | 110 | $27,941 | — | — |
| Newcastle | 376 | $83,438 | $136,000 | $713 |
| Akron | 1,689 | $66,250 | $157,900 | $710 |
| North Sioux City | 3,045 | $71,908 | $269,800 | $1,098 |
More for people moving to Elk Point
Elk Point ZIP code ›Weather and climate ›Living in Elk Point: FAQ
What is the median household income in Elk Point, SD?
The median household income in Elk Point is $90,473, 21% higher than the South Dakota median of $75,081 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elk Point?
The median home value in Elk Point is $248,500, compared with $257,400 in South Dakota.
Is Elk Point, SD a good place to live?
Pluses: median household income 21% higher than the South Dakota median; home values 3% lower than the state median; a poverty rate of 8.5%. Minuses: an average commute of 21 minutes; unemployment of 3%.
What is the median age in Elk Point?
The median age in Elk Point is 35.5 years (South Dakota: 38).
How long is the commute in Elk Point?
The average commute to work in Elk Point is 21 minutes; 7.9% of workers work from home.
What is the unemployment rate in Elk Point?
The unemployment rate in Elk Point is 3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elk Point?
29.4% of adults in Elk Point 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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