Living in Elkhart Lake, Wisconsin
Cost of living, income, home prices, rent and demographics of Elkhart Lake · Census data 2020–2024
Elkhart Lake has 1,092 residents with a median age of 62.5. The median household income is $94,250 (22% higher than the Wisconsin median), the median home value is $328,300, the median rent is $1,000/month.
Elkhart Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elkhart Lake at a glance
- Population
- 1,092
- Median age
- 62.5State: 40.2
- Median household income
- $94,250State: $77,485
- Median home value
- $328,300State: $266,500
- Median rent
- $1,000/moState: $1,087
- Homeowners
- 76.2%
- Bachelor's degree or higher
- 50.5%
- Average commute
- 19 min
Is Elkhart Lake a good place to live?
Pros: Median household income 22% higher than the Wisconsin median; an average commute of 19 minutes; a poverty rate of 6.3%.
Cons: Home values 23% higher than the state median; unemployment of 9.9%.
The weather is best in June to September.
Cost of living in Elkhart Lake
Housing is the biggest part of the cost of living. In Elkhart Lake the median home value is $328,300, about the same as the U.S. median. Renters pay a median of $1,000 per month, which is 27.1% of household income. Homeowners with a mortgage pay $1,622 a month in housing costs.
Elkhart Lake median household income
The median household income in Elkhart Lake is $94,250 and the income per person is $62,062. 6.3% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Elkhart Lake: homes for sale and rent
- Housing units
- 765
- Owner-occupied
- 76.2%
- Renter-occupied
- 23.8%
- Vacant
- 28.5%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.00
Elkhart Lake demographics
- Population
- 1,092
- Median age
- 62.5
- Under 18
- 8.7%
- 65 and older
- 41.5%
- Households
- 547
- Foreign-born
- 0.5%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Elkhart Lake ›
Education in Elkhart Lake
50.5% of adults 25 and older in Elkhart Lake have a bachelor's degree or higher (Wisconsin: 33.4%), and 29% have a graduate or professional degree.
Jobs and commute in Elkhart Lake
- Unemployment rate
- 9.9%State: 3.2%
- Average commute
- 19 minState: 22 min
- Work from home
- 16.2%
- Drive alone
- 81%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 93.2%
Elkhart Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elkhart Lake | 1,092 | $94,250 | $328,300 | $1,000 |
| Glenbeulah | 435 | $88,125 | $191,000 | $850 |
| Greenbush | 126 | $49,199 | $172,400 | — |
| Kiel | 3,943 | $75,953 | $191,500 | $787 |
| Plymouth | 8,890 | $68,038 | $213,300 | $914 |
| St. Cloud | 454 | $100,357 | $194,600 | $757 |
| New Holstein | 3,075 | $59,667 | $178,700 | $768 |
| Howards Grove | 3,223 | $78,333 | $261,300 | $696 |
| Waldo | 506 | $93,750 | $261,800 | $880 |
More for people moving to Elkhart Lake
Elkhart Lake ZIP code ›Weather and climate ›Living in Elkhart Lake: FAQ
What is the median household income in Elkhart Lake, WI?
The median household income in Elkhart Lake is $94,250, 22% higher than the Wisconsin median of $77,485 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elkhart Lake?
The median home value in Elkhart Lake is $328,300, compared with $266,500 in Wisconsin.
How much is rent in Elkhart Lake?
The median gross rent in Elkhart Lake is $1,000 per month, about 27.1% of household income.
Is Elkhart Lake, WI a good place to live?
Pluses: median household income 22% higher than the Wisconsin median; an average commute of 19 minutes; a poverty rate of 6.3%. Minuses: home values 23% higher than the state median; unemployment of 9.9%.
What is the median age in Elkhart Lake?
The median age in Elkhart Lake is 62.5 years (Wisconsin: 40.2).
How long is the commute in Elkhart Lake?
The average commute to work in Elkhart Lake is 19 minutes; 16.2% of workers work from home.
What is the unemployment rate in Elkhart Lake?
The unemployment rate in Elkhart Lake is 9.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elkhart Lake?
50.5% of adults in Elkhart Lake 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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