Living in Elkton, Tennessee
Cost of living, income, home prices, rent and demographics of Elkton · Census data 2020–2024
Elkton has 469 residents with a median age of 47.3. The median household income is $66,944 (4% lower than the Tennessee median), the median home value is $202,600, the median rent is $950/month.
Elkton is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elkton at a glance
- Population
- 469
- Median age
- 47.3State: 38.9
- Median household income
- $66,944State: $69,595
- Median home value
- $202,600State: $286,700
- Median rent
- $950/moState: $1,189
- Homeowners
- 72.5%
- Bachelor's degree or higher
- 28.1%
- Average commute
- 32 min
Is Elkton a good place to live?
Pros: Home values 29% lower than the state median.
Cons: Median household income 4% lower than the Tennessee median; an average commute of 32 minutes; unemployment of 11.8%; a poverty rate of 20%.
The weather is best in April–May and September–October.
Cost of living in Elkton
Housing is the biggest part of the cost of living. In Elkton the median home value is $202,600, 39% lower than the U.S. median. Renters pay a median of $950 per month, which is 36.4% of household income. Homeowners with a mortgage pay $1,520 a month in housing costs.
Elkton median household income
The median household income in Elkton is $66,944 and the income per person is $29,337. 20% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Elkton: homes for sale and rent
- Housing units
- 194
- Owner-occupied
- 72.5%
- Renter-occupied
- 27.5%
- Vacant
- 17.5%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.93
Elkton demographics
- Population
- 469
- Median age
- 47.3
- Under 18
- 15.4%
- 65 and older
- 10.7%
- Households
- 160
- Foreign-born
- 1.7%
- Veterans
- 1.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Elkton ›
Education in Elkton
28.1% of adults 25 and older in Elkton have a bachelor's degree or higher (Tennessee: 31.1%), and 8.6% have a graduate or professional degree.
Jobs and commute in Elkton
- Unemployment rate
- 11.8%State: 4.7%
- Average commute
- 32 minState: 26 min
- Work from home
- 31.8%
- Drive alone
- 58.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 88.8%
Elkton vs nearby towns
More for people moving to Elkton
Elkton ZIP code ›Weather and climate ›Living in Elkton: FAQ
What is the median household income in Elkton, TN?
The median household income in Elkton is $66,944, 4% lower than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elkton?
The median home value in Elkton is $202,600, compared with $286,700 in Tennessee.
How much is rent in Elkton?
The median gross rent in Elkton is $950 per month, about 36.4% of household income.
Is Elkton, TN a good place to live?
Pluses: home values 29% lower than the state median. Minuses: median household income 4% lower than the Tennessee median; an average commute of 32 minutes; unemployment of 11.8%; a poverty rate of 20%.
What is the median age in Elkton?
The median age in Elkton is 47.3 years (Tennessee: 38.9).
How long is the commute in Elkton?
The average commute to work in Elkton is 32 minutes; 31.8% of workers work from home.
What is the unemployment rate in Elkton?
The unemployment rate in Elkton is 11.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elkton?
28.1% of adults in Elkton 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.
Last updated: