Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.0 yrs |
|---|---|
| Avg HH Size | 2.61 |
| Below Poverty | 4.9% ▼ 51% below avg |
| College Grads | 47.8% ▲ 23% above avg |
| Unemployment | 3.2% ▼ 34% below avg |
| No HS Diploma | 17 (1.2%) |
| HS Graduate | 404 (28.6%) |
| Some College | 173 (12.3%) |
| Associates | 143 (10.1%) |
| Bachelors | 223 (15.8%) |
| Graduate Degree | 452 (32%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $102,727 ▲ 35% above avg |
|---|---|
| Median Home Value | $288,600 ≈ Avg |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $744/mo |
| Total Housing Units | 866 |
| Vacant Units | 68 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Elgin is a city in Minnesota, located in Wabasha County. The city spans 1 ZIP code and is home to approximately 2,080 residents. It is a middle-aged city, with a median age of 38 years.
Economically, Elgin is a upper-middle-income community. The median household income of $102,727 is above the national average. Approximately 4.9% of residents live below the poverty line. The unemployment rate is 3.2%, below the national average.
The real estate market in Elgin is a mid-range housing market. Median home values stand at $288,600, which is near the national average. Renters typically pay around $744 per month. Homeownership is high at 82.6%, typical of suburban and family-oriented communities.
The population of Elgin is well-educated. 47.8% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (92.36%).
Elgin, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55932 | 2,080 | $102,727 | $288,600 | $744 | 3.2% | 47.8% | 82.6% |