South Dakota · Census place 18620
Elk Point city, SD
Quick answer
Elk Point city has 2,391 residents, ranking #38 of 485 places in South Dakota. Median household income is $83,250, the median home is worth $228,400 and median gross rent runs $801 a month.
- Population
- 2,391Elk Point city residents
- Median household income
- $83,250Past 12 months, inflation adjusted
- Median home value
- $228,400Owner-occupied units
- Median gross rent
- $801Rent plus utilities, monthly
- Median age
- 33.9 yrsAll residents
- Homeownership rate
- 74.7%Owner-occupied households
What the numbers mean in Elk Point city
Housing cost measured against local earnings.
A household earning the Elk Point city median would spend about 11.5% 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 2.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.2% of residents and 74.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in South Dakota.
- Fort Pierre city 2,534
- Pine Ridge CDP 2,480
- Beresford city 2,437
- Colonial Pine Hills CDP 2,347
- Flandreau city 2,291
- Volga city 2,246
- Redfield city 2,230
Keep going
More South Dakota coverage.