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ZipNumbers

Minnesota · Census place 18530

Elgin city, MN

Quick answer

Elgin city has 1,147 residents, ranking #342 of 914 places in Minnesota. Median household income is $87,000, the median home is worth $218,200 and median gross rent runs $738 a month.

Population
1,147Elgin city residents
Median household income
$87,000Past 12 months, inflation adjusted
Median home value
$218,200Owner-occupied units
Median gross rent
$738Rent plus utilities, monthly
Median age
31.8 yrsAll residents
Homeownership rate
77.8%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 10.2% 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 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.5% of residents and 77.8% 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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