Elgin, IA
Population 848 · Iowa
About Elgin, IA
Elgin is a small community in Iowa with a population of 848 residents. The median household income is $60,114 per year, which is near the national average. The median age in Elgin is 44.1 years.
Housing in Elgin has a median home value of $87,300 and median monthly rent of $634. Of the 395 total housing units, the majority are owner-occupied, with 291 owner-occupied and 60 renter-occupied units.
The unemployment rate in Elgin is 3.2% and the poverty rate is 4.2%. 16.4% of residents hold a bachelor's degree or higher. The average commute time is 22.5 minutes.
Cost of Living in Elgin, IA
Compared to national averages, Elgin has a median household income of $60,114 (20% below the national median of $75,149). Home values average $87,300, which is 64% below the national median. Monthly rent at $634 is 45% below the US average of $1,163. Within Iowa, Elgin's income is 12% below the state average of $67,947, and home values are 34% below the state median of $132,237.
Why Live in Elgin, IA?
Elgin offers affordable housing with a median home value of $87,300, below the US average of $244,900, and rent that’s lower than the national average at $634/month, and a strong job market with an unemployment rate of just 3.2%. Additionally, the city features a low poverty rate of 4.2%, better than the national average, and short commute times averaging just 22.5 minutes.
Potential considerations include median household income ($60,114) that falls below the national average. However, Elgin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elgin has a population of 848 with a median age of 44.1 years. Compare Elgin with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Elgin
What is the population of Elgin, IA?
The population of Elgin, IA is 848 according to the latest Census data.
What is the median household income in Elgin?
The median household income in Elgin, IA is $60,114 per year.
What is the median home value in Elgin?
The median home value in Elgin, IA is $87,300.
What is the average rent in Elgin?
The median monthly rent in Elgin, IA is $634.
What is the unemployment rate in Elgin?
The unemployment rate in Elgin, IA is 3.2%.