Elkmont, AL
Population 327 · Alabama
About Elkmont, AL
Elkmont is a small community located in Alabama with a population of 327 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,500 per year, which is 37% below the national median of $75,149. The median age of 47 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Elkmont features a median home value of $219,200, which is 10% below the national median of $244,900. This positions Elkmont in a moderately priced market relative to the rest of the country. Median monthly rent is $423, 64% below the national average of $1,163/month. Of the 240 total housing units, 63% are owner-occupied (98 units) and 37% are renter-occupied (58 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Elkmont shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 14.4%, above the national average of 12.4%. Workers in Elkmont have an average one-way commute time of 26.3 minutes.
Education & Demographics
47.1% of Elkmont residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 0.0% of the population being foreign-born.
How Elkmont Ranks in Alabama
Cost of Living in Elkmont, AL
Compared to national averages, Elkmont has a median household income of $47,500 (37% below the national median of $75,149). Home values average $219,200, which is 10% below the national median. Monthly rent at $423 is 64% below the US average of $1,163. Within Alabama, Elkmont's income is 18% below the state average of $57,952, and home values are 38% above the state median of $159,358.
Why Live in Elkmont, AL?
Elkmont offers affordable housing with a median home value of $219,200, below the US average of $244,900, and rent that’s lower than the national average at $423/month, and a well-educated community where 47.1% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($47,500) that falls below the national average. However, Elkmont’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elkmont has a population of 327 with a median age of 47 years. Compare Elkmont with other cities to see how it stacks up, or explore all cities in Alabama.
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Cities in Alabama with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Elkmont
What is the population of Elkmont, AL?
The population of Elkmont, AL is 327 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Alabama.
What is the median household income in Elkmont?
The median household income in Elkmont, AL is $47,500 per year, which is 37% below the national median of $75,149.
What is the median home value in Elkmont?
The median home value in Elkmont, AL is $219,200, which is 10% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elkmont?
The median monthly rent in Elkmont, AL is $423, which is 64% below the national average of $1,163/month.
What is the unemployment rate in Elkmont?
The unemployment rate in Elkmont, AL is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Elkmont, AL a good place to live?
Elkmont offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 327 and a median age of 47, the city appeals to established professionals and retirees.
How educated is Elkmont, AL?
47.1% of residents in Elkmont aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Elkmont?
Key cost-of-living indicators for Elkmont, AL: median home value is $219,200 (10% below national), median rent is $423/month, and median household income is $47,500. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Elkmont?
The poverty rate in Elkmont, AL is 14.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Elkmont, AL?
Elkmont's population is 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 5.8% two or more races. 0.0% of residents are foreign-born.