Elverson, PA
Population 1,392 · Pennsylvania
About Elverson, PA
Elverson is a small town located in Pennsylvania with a population of 1,392 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,823 per year, which is 2% above the national median of $75,149. The median age of 46.9 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 Elverson features a median home value of $347,100, which is 42% above the national median of $244,900. This positions Elverson in a moderately priced market relative to the rest of the country. Median monthly rent is $847, 27% below the national average of $1,163/month. Of the 618 total housing units, 71% are owner-occupied (433 units) and 29% are renter-occupied (174 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elverson shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elverson have an average one-way commute time of 27.8 minutes.
Education & Demographics
39.5% of Elverson residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.9% Hispanic or Latino, 3.6% Black or African American, and 3.7% Asian residents, with 3.2% of the population being foreign-born.
Cost of Living in Elverson, PA
Compared to national averages, Elverson has a median household income of $76,823 (2% above the national median of $75,149). Home values average $347,100, which is 42% above the national median. Monthly rent at $847 is 27% below the US average of $1,163. Within Pennsylvania, Elverson's income is 5% above the state average of $73,376, and home values are 82% above the state median of $190,903.
Why Live in Elverson, PA?
Elverson offers a strong local economy with a median household income of $76,823, well above the national average, and rent that’s lower than the national average at $847/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a well-educated community where 39.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.4%, better than the national average.
Elverson has a population of 1,392 with a median age of 46.9 years. Compare Elverson with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Elverson
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Milroy | 1,393 | $71,366 | $110,100 | Compare |
| Ambridge Heights | 1,394 | $72,574 | $163,800 | Compare |
| University of Pittsburgh Johnstown | 1,394 | $0 | $0 | Compare |
| Big Bass Lake | 1,388 | $54,785 | $193,100 | Compare |
| St. Vincent College | 1,397 | $0 | $0 | Compare |
| Cementon | 1,399 | $67,731 | $267,500 | Compare |
| Schwenksville | 1,383 | $70,833 | $237,000 | Compare |
| Yorklyn | 1,402 | $75,746 | $194,200 | 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 Elverson With Other Cities
Frequently Asked Questions about Elverson
What is the population of Elverson, PA?
The population of Elverson, PA is 1,392 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 Elverson?
The median household income in Elverson, PA is $76,823 per year, which is 2% above the national median of $75,149.
What is the median home value in Elverson?
The median home value in Elverson, PA is $347,100, which is 42% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elverson?
The median monthly rent in Elverson, PA is $847, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Elverson?
The unemployment rate in Elverson, PA is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elverson, PA a good place to live?
Elverson offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,392 and a median age of 46.9, the city appeals to established professionals and retirees.
How educated is Elverson, PA?
39.5% of residents in Elverson 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 Elverson?
Key cost-of-living indicators for Elverson, PA: median home value is $347,100 (42% above national), median rent is $847/month, and median household income is $76,823. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Elverson?
The poverty rate in Elverson, PA is 8.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elverson, PA?
Elverson's population is 0.0% White, 0.9% Hispanic or Latino, 3.6% Black or African American, 3.7% Asian, and 2.9% two or more races. 3.2% of residents are foreign-born.