Elk Point, SD
Population 2,391 · South Dakota
About Elk Point, SD
Elk Point is a small community in South Dakota with a population of 2,391 residents. The median household income is $83,250 per year, which is above the national average. The median age in Elk Point is 33.9 years.
Housing in Elk Point has a median home value of $228,400 and median monthly rent of $801. Of the 935 total housing units, the majority are owner-occupied, with 664 owner-occupied and 225 renter-occupied units.
The unemployment rate in Elk Point is 2.1% and the poverty rate is 7.2%. 32.8% of residents hold a bachelor's degree or higher. The average commute time is 21.3 minutes.
How Elk Point Ranks in South Dakota
Cost of Living in Elk Point, SD
Compared to national averages, Elk Point has a median household income of $83,250 (11% above the national median of $75,149). Home values average $228,400, which is 7% below the national median. Monthly rent at $801 is 31% below the US average of $1,163. Within South Dakota, Elk Point's income is 29% above the state average of $64,650, and home values are 59% above the state median of $143,757.
Why Live in Elk Point, SD?
Elk Point offers a strong local economy with a median household income of $83,250, well above the national average, and affordable housing with a median home value of $228,400, below the US average of $244,900, and rent that’s lower than the national average at $801/month. Additionally, the city features a strong job market with an unemployment rate of just 2.1%, and a low poverty rate of 7.2%, better than the national average, and short commute times averaging just 21.3 minutes.
Elk Point has a population of 2,391 with a median age of 33.9 years. Compare Elk Point with other cities to see how it stacks up, or explore all cities in South Dakota.
Similar Cities Near Elk Point
Cities in South Dakota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Colonial Pine Hills | 2,347 | $82,262 | $348,400 | Compare |
| Beresford | 2,437 | $71,017 | $219,800 | Compare |
| Pine Ridge | 2,480 | $50,954 | $45,000 | Compare |
| Flandreau | 2,291 | $56,458 | $130,800 | Compare |
| Fort Pierre | 2,534 | $74,732 | $166,700 | Compare |
| Volga | 2,246 | $75,417 | $220,200 | Compare |
| Redfield | 2,230 | $60,586 | $117,000 | Compare |
| North Spearfish | 2,201 | $69,792 | $321,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Dakota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Elk Point
What is the population of Elk Point, SD?
The population of Elk Point, SD is 2,391 according to the latest Census data.
What is the median household income in Elk Point?
The median household income in Elk Point, SD is $83,250 per year.
What is the median home value in Elk Point?
The median home value in Elk Point, SD is $228,400.
What is the average rent in Elk Point?
The median monthly rent in Elk Point, SD is $801.
What is the unemployment rate in Elk Point?
The unemployment rate in Elk Point, SD is 2.1%.