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ZipNumbers

Iowa · Census place 24645

Elgin city, IA

Quick answer

Elgin city has 848 residents, ranking #331 of 1026 places in Iowa. Median household income is $60,114, the median home is worth $87,300 and median gross rent runs $634 a month.

Population
848Elgin city residents
Median household income
$60,114Past 12 months, inflation adjusted
Median home value
$87,300Owner-occupied units
Median gross rent
$634Rent plus utilities, monthly
Median age
44.1 yrsAll residents
Homeownership rate
82.9%Owner-occupied households

What the numbers mean in Elgin city

Housing cost measured against local earnings.

A household earning the Elgin city median would spend about 12.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.2% of residents and 82.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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