Elba, NY
Population 464 · New York
About Elba, NY
Elba is a small community located in New York with a population of 464 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,321 per year, which is 10% below the national median of $75,149. The median age of 39.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Elba features a median home value of $135,900, which is 45% below the national median of $244,900. This makes Elba one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $763, 34% below the national average of $1,163/month. Of the 220 total housing units, 87% are owner-occupied (182 units) and 13% are renter-occupied (27 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elba shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elba have an average one-way commute time of 23 minutes.
Education & Demographics
21.4% of Elba 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 1.7% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 5.6% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Elba, NY
Compared to national averages, Elba has a median household income of $67,321 (10% below the national median of $75,149). Home values average $135,900, which is 45% below the national median. Monthly rent at $763 is 34% below the US average of $1,163. Within New York, Elba's income is 31% below the state average of $96,987, and home values are 65% below the state median of $387,181.
Why Live in Elba, NY?
Elba offers affordable housing with a median home value of $135,900, below the US average of $244,900, and rent that’s lower than the national average at $763/month, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features a low poverty rate of 6.0%, better than the national average, and short commute times averaging just 23 minutes.
Potential considerations include median household income ($67,321) that falls below the national average. However, Elba’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elba has a population of 464 with a median age of 39.7 years. Compare Elba with other cities to see how it stacks up, or explore all cities in New York.
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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 Elba
What is the population of Elba, NY?
The population of Elba, NY is 464 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Elba?
The median household income in Elba, NY is $67,321 per year, which is 10% below the national median of $75,149.
What is the median home value in Elba?
The median home value in Elba, NY is $135,900, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elba?
The median monthly rent in Elba, NY is $763, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Elba?
The unemployment rate in Elba, NY is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elba, NY a good place to live?
Elba offers a moderate cost of living, affordable housing, and a strong job market. With a population of 464 and a median age of 39.7, the city appeals to a broad range of residents.
How educated is Elba, NY?
21.4% of residents in Elba 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 Elba?
Key cost-of-living indicators for Elba, NY: median home value is $135,900 (45% below national), median rent is $763/month, and median household income is $67,321. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elba?
The poverty rate in Elba, NY is 6.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elba, NY?
Elba's population is 1.7% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 5.6% Asian, and 0.0% two or more races. 1.5% of residents are foreign-born.