Elkhart Lake, WI
Population 1,097 · Wisconsin
About Elkhart Lake, WI
Elkhart Lake is a small town located in Wisconsin with a population of 1,097 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,071 per year, which is 15% above the national median of $75,149. The median age of 57.4 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 Elkhart Lake features a median home value of $285,200, which is 16% above the national median of $244,900. This positions Elkhart Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $1,121, 4% below the national average of $1,163/month. Of the 737 total housing units, 72% are owner-occupied (376 units) and 28% are renter-occupied (144 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elkhart Lake shows an unemployment rate of 10.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elkhart Lake have an average one-way commute time of 18.7 minutes, one of the shorter commutes in the region.
Education & Demographics
49.4% of Elkhart Lake 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 3.1% White, 0.2% Hispanic or Latino, 0.5% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
How Elkhart Lake Ranks in Wisconsin
Cost of Living in Elkhart Lake, WI
Compared to national averages, Elkhart Lake has a median household income of $86,071 (15% above the national median of $75,149). Home values average $285,200, which is 16% above the national median. Monthly rent at $1,121 is 4% below the US average of $1,163. Within Wisconsin, Elkhart Lake's income is 19% above the state average of $72,579, and home values are 39% above the state median of $205,802.
Why Live in Elkhart Lake, WI?
Elkhart Lake offers a strong local economy with a median household income of $86,071, well above the national average, and rent that’s lower than the national average at $1,121/month, and a well-educated community where 49.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.5%, better than the national average, and short commute times averaging just 18.7 minutes.
Elkhart Lake has a population of 1,097 with a median age of 57.4 years. Compare Elkhart Lake with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Elkhart Lake
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elk Mound | 1,103 | $62,167 | $142,500 | 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 Elkhart Lake With Other Cities
Frequently Asked Questions about Elkhart Lake
What is the population of Elkhart Lake, WI?
The population of Elkhart Lake, WI is 1,097 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 Elkhart Lake?
The median household income in Elkhart Lake, WI is $86,071 per year, which is 15% above the national median of $75,149.
What is the median home value in Elkhart Lake?
The median home value in Elkhart Lake, WI is $285,200, which is 16% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elkhart Lake?
The median monthly rent in Elkhart Lake, WI is $1,121, which is 4% below the national average of $1,163/month.
What is the unemployment rate in Elkhart Lake?
The unemployment rate in Elkhart Lake, WI is 10.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Elkhart Lake, WI a good place to live?
Elkhart Lake offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,097 and a median age of 57.4, the city appeals to established professionals and retirees.
How educated is Elkhart Lake, WI?
49.4% of residents in Elkhart Lake 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 Elkhart Lake?
Key cost-of-living indicators for Elkhart Lake, WI: median home value is $285,200 (16% above national), median rent is $1,121/month, and median household income is $86,071. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elkhart Lake?
The poverty rate in Elkhart Lake, WI is 3.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elkhart Lake, WI?
Elkhart Lake's population is 3.1% White, 0.2% Hispanic or Latino, 0.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.