Elkton, KY
Population 2,158 · Kentucky
About Elkton, KY
Elkton is a small town located in Kentucky with a population of 2,158 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,417 per year, which is 40% below the national median of $75,149. The median age of 46.5 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 Elkton features a median home value of $111,300, which is 55% below the national median of $244,900. This makes Elkton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $849, 27% below the national average of $1,163/month. Of the 1,086 total housing units, 64% are owner-occupied (573 units) and 36% are renter-occupied (326 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Elkton shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elkton have an average one-way commute time of 22.6 minutes.
Education & Demographics
14.3% of Elkton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.0% White, 0.8% Hispanic or Latino, 1.2% Black or African American, and 0.0% Asian residents, with 2.4% of the population being foreign-born.
Cost of Living in Elkton, KY
Compared to national averages, Elkton has a median household income of $45,417 (40% below the national median of $75,149). Home values average $111,300, which is 55% below the national median. Monthly rent at $849 is 27% below the US average of $1,163. Within Kentucky, Elkton's income is 31% below the state average of $66,273, and home values are 39% below the state median of $182,504.
Why Live in Elkton, KY?
Elkton offers affordable housing with a median home value of $111,300, below the US average of $244,900, and rent that’s lower than the national average at $849/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features a low poverty rate of 12.2%, better than the national average, and short commute times averaging just 22.6 minutes.
Potential considerations include median household income ($45,417) that falls below the national average. However, Elkton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elkton has a population of 2,158 with a median age of 46.5 years. Compare Elkton with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Elkton
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Edmonton | 2,168 | $48,583 | $96,200 | Compare |
| Raceland | 2,173 | $61,923 | $117,800 | Compare |
| Jackson | 2,128 | $34,317 | $75,900 | Compare |
| Windy Hills | 2,188 | $105,875 | $370,900 | Compare |
| Lebanon Junction | 2,201 | $52,000 | $134,700 | Compare |
| Greensburg | 2,218 | $37,321 | $117,700 | Compare |
| North Corbin | 2,092 | $48,382 | $117,700 | Compare |
| Cumberland | 2,234 | $35,309 | $61,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Elkton With Other Cities
Frequently Asked Questions about Elkton
What is the population of Elkton, KY?
The population of Elkton, KY is 2,158 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Kentucky.
What is the median household income in Elkton?
The median household income in Elkton, KY is $45,417 per year, which is 40% below the national median of $75,149.
What is the median home value in Elkton?
The median home value in Elkton, KY is $111,300, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elkton?
The median monthly rent in Elkton, KY is $849, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Elkton?
The unemployment rate in Elkton, KY is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elkton, KY a good place to live?
Elkton offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,158 and a median age of 46.5, the city appeals to established professionals and retirees.
How educated is Elkton, KY?
14.3% of residents in Elkton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Elkton?
Key cost-of-living indicators for Elkton, KY: median home value is $111,300 (55% below national), median rent is $849/month, and median household income is $45,417. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elkton?
The poverty rate in Elkton, KY is 12.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elkton, KY?
Elkton's population is 5.0% White, 0.8% Hispanic or Latino, 1.2% Black or African American, 0.0% Asian, and 19.6% two or more races. 2.4% of residents are foreign-born.