Elgin, MN
Population 1,147 · Minnesota
About Elgin, MN
Elgin is a small community in Minnesota with a population of 1,147 residents. The median household income is $87,000 per year, which is above the national average. The median age in Elgin is 31.8 years.
Housing in Elgin has a median home value of $218,200 and median monthly rent of $738. Of the 481 total housing units, the majority are owner-occupied, with 325 owner-occupied and 93 renter-occupied units.
The unemployment rate in Elgin is 4.7% and the poverty rate is 6.5%. 23.5% of residents hold a bachelor's degree or higher. The average commute time is 26.6 minutes.
Cost of Living in Elgin, MN
Compared to national averages, Elgin has a median household income of $87,000 (16% above the national median of $75,149). Home values average $218,200, which is 11% below the national median. Monthly rent at $738 is 37% below the US average of $1,163. Within Minnesota, Elgin's income is 17% above the state average of $74,221, and home values are 7% above the state median of $204,472.
Why Live in Elgin, MN?
Elgin offers a strong local economy with a median household income of $87,000, well above the national average, and affordable housing with a median home value of $218,200, below the US average of $244,900, and rent that’s lower than the national average at $738/month. Additionally, the city features a low poverty rate of 6.5%, better than the national average.
Elgin has a population of 1,147 with a median age of 31.8 years. Compare Elgin with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Elgin
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dellwood | 1,145 | $208,125 | $729,800 | Compare |
| Shafer | 1,151 | $96,042 | $225,700 | Compare |
| New London | 1,156 | $66,830 | $209,300 | Compare |
| Elbow Lake | 1,158 | $56,786 | $118,900 | Compare |
| Fairfax | 1,134 | $53,750 | $99,800 | Compare |
| East Gull Lake | 1,173 | $128,548 | $522,000 | Compare |
| Cottonwood | 1,120 | $90,750 | $180,200 | Compare |
| Redby | 1,175 | $53,846 | $109,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of Elgin, MN is 1,147 according to the latest Census data.
What is the median household income in Elgin?
The median household income in Elgin, MN is $87,000 per year.
What is the median home value in Elgin?
The median home value in Elgin, MN is $218,200.
What is the average rent in Elgin?
The median monthly rent in Elgin, MN is $738.
What is the unemployment rate in Elgin?
The unemployment rate in Elgin, MN is 4.7%.