Elkins Park, PA
Population 7,286 · Pennsylvania
About Elkins Park, PA
Elkins Park is a small town located in Pennsylvania with a population of 7,286 residents according to the latest US Census Bureau American Community Survey data. The median household income is $129,773 per year, which is 73% above the national median of $75,149. The median age of 50.2 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 Elkins Park features a median home value of $366,700, which is 50% above the national median of $244,900. This positions Elkins Park in a moderately priced market relative to the rest of the country. Median monthly rent is $1,625, 40% above the national average of $1,163/month. Of the 3,102 total housing units, 79% are owner-occupied (2,418 units) and 21% are renter-occupied (648 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elkins Park shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 6.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elkins Park have an average one-way commute time of 32.2 minutes.
Education & Demographics
71.2% of Elkins Park 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 0.6% White, 0.6% Hispanic or Latino, 1.3% Black or African American, and 1.2% Asian residents, with 12.1% of the population being foreign-born.
How Elkins Park Ranks in Pennsylvania
Cost of Living in Elkins Park, PA
Compared to national averages, Elkins Park has a median household income of $129,773 (73% above the national median of $75,149). Home values average $366,700, which is 50% above the national median. Monthly rent at $1,625 is 40% above the US average of $1,163. Within Pennsylvania, Elkins Park's income is 77% above the state average of $73,376, and home values are 92% above the state median of $190,903.
Why Live in Elkins Park, PA?
Elkins Park offers a strong local economy with a median household income of $129,773, well above the national average, and a well-educated community where 71.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.8%, better than the national average.
Elkins Park has a population of 7,286 with a median age of 50.2 years. Compare Elkins Park with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Elkins Park
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ridley Park | 7,245 | $94,485 | $261,900 | Compare |
| Archbald | 7,348 | $76,315 | $211,400 | Compare |
| Souderton | 7,215 | $85,625 | $298,300 | Compare |
| Glenolden | 7,207 | $71,145 | $203,100 | Compare |
| Wescosville | 7,156 | $124,719 | $428,800 | Compare |
| DuBois | 7,449 | $58,626 | $114,900 | Compare |
| Lionville | 7,091 | $96,381 | $424,200 | Compare |
| White Oak | 7,520 | $64,838 | $145,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Elkins Park With Other Cities
Frequently Asked Questions about Elkins Park
What is the population of Elkins Park, PA?
The population of Elkins Park, PA is 7,286 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Elkins Park?
The median household income in Elkins Park, PA is $129,773 per year, which is 73% above the national median of $75,149.
What is the median home value in Elkins Park?
The median home value in Elkins Park, PA is $366,700, which is 50% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elkins Park?
The median monthly rent in Elkins Park, PA is $1,625, which is 40% above the national average of $1,163/month.
What is the unemployment rate in Elkins Park?
The unemployment rate in Elkins Park, PA is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Elkins Park, PA a good place to live?
Elkins Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 7,286 and a median age of 50.2, the city appeals to established professionals and retirees.
How educated is Elkins Park, PA?
71.2% of residents in Elkins Park 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 Elkins Park?
Key cost-of-living indicators for Elkins Park, PA: median home value is $366,700 (50% above national), median rent is $1,625/month, and median household income is $129,773. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elkins Park?
The poverty rate in Elkins Park, PA is 6.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elkins Park, PA?
Elkins Park's population is 0.6% White, 0.6% Hispanic or Latino, 1.3% Black or African American, 1.2% Asian, and 32.2% two or more races. 12.1% of residents are foreign-born.