Elk Mound, WI
Population 1,103 · Wisconsin
About Elk Mound, WI
Elk Mound is a small town located in Wisconsin with a population of 1,103 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,167 per year, which is 17% below the national median of $75,149. The median age of 32.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Elk Mound features a median home value of $142,500, which is 42% below the national median of $244,900. This makes Elk Mound one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $984, 15% below the national average of $1,163/month. Of the 387 total housing units, 51% are owner-occupied (190 units) and 49% are renter-occupied (186 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Elk Mound shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elk Mound have an average one-way commute time of 20.2 minutes.
Education & Demographics
22.8% of Elk Mound 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 4.3% White, 1.5% Hispanic or Latino, 0.5% Black or African American, and 1.4% Asian residents, with 3.3% of the population being foreign-born.
Cost of Living in Elk Mound, WI
Compared to national averages, Elk Mound has a median household income of $62,167 (17% below the national median of $75,149). Home values average $142,500, which is 42% below the national median. Monthly rent at $984 is 15% below the US average of $1,163. Within Wisconsin, Elk Mound's income is 14% below the state average of $72,579, and home values are 31% below the state median of $205,802.
Why Live in Elk Mound, WI?
Elk Mound offers affordable housing with a median home value of $142,500, below the US average of $244,900, and rent that’s lower than the national average at $984/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features a low poverty rate of 11.9%, better than the national average, and short commute times averaging just 20.2 minutes.
Potential considerations include median household income ($62,167) that falls below the national average. However, Elk Mound’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elk Mound has a population of 1,103 with a median age of 32.1 years. Compare Elk Mound with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Elk Mound
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elkhart Lake | 1,097 | $86,071 | $285,200 | Compare |
| Hilbert | 1,117 | $63,478 | $154,200 | Compare |
| Muscoda | 1,119 | $51,450 | $116,400 | Compare |
| Strum | 1,119 | $70,192 | $188,100 | Compare |
| Necedah | 1,122 | $53,060 | $113,200 | Compare |
| Hazel Green | 1,070 | $62,212 | $156,100 | Compare |
| Rio | 1,068 | $68,304 | $174,800 | Compare |
| Albany | 1,065 | $71,875 | $166,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Elk Mound With Other Cities
Frequently Asked Questions about Elk Mound
What is the population of Elk Mound, WI?
The population of Elk Mound, WI is 1,103 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Wisconsin.
What is the median household income in Elk Mound?
The median household income in Elk Mound, WI is $62,167 per year, which is 17% below the national median of $75,149.
What is the median home value in Elk Mound?
The median home value in Elk Mound, WI is $142,500, which is 42% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elk Mound?
The median monthly rent in Elk Mound, WI is $984, which is 15% below the national average of $1,163/month.
What is the unemployment rate in Elk Mound?
The unemployment rate in Elk Mound, WI is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elk Mound, WI a good place to live?
Elk Mound offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,103 and a median age of 32.1, the city appeals to young professionals and families.
How educated is Elk Mound, WI?
22.8% of residents in Elk Mound 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 Elk Mound?
Key cost-of-living indicators for Elk Mound, WI: median home value is $142,500 (42% below national), median rent is $984/month, and median household income is $62,167. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elk Mound?
The poverty rate in Elk Mound, WI is 11.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elk Mound, WI?
Elk Mound's population is 4.3% White, 1.5% Hispanic or Latino, 0.5% Black or African American, 1.4% Asian, and 0.6% two or more races. 3.3% of residents are foreign-born.