Elm Grove, WI
Population 6,428 · Wisconsin
About Elm Grove, WI
Elm Grove is a small town located in Wisconsin with a population of 6,428 residents according to the latest US Census Bureau American Community Survey data. The median household income is $133,304 per year, which is 77% above the national median of $75,149. The median age of 44.6 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 Elm Grove features a median home value of $468,000, which is 91% above the national median of $244,900. This places Elm Grove in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,788, 54% above the national average of $1,163/month. Of the 2,316 total housing units, 88% are owner-occupied (1,973 units) and 12% are renter-occupied (258 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elm Grove shows an unemployment rate of 0.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elm Grove have an average one-way commute time of 22.4 minutes.
Education & Demographics
67.0% of Elm Grove 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 1.9% White, 0.2% Hispanic or Latino, 0.6% Black or African American, and 0.5% Asian residents, with 2.9% of the population being foreign-born.
How Elm Grove Ranks in Wisconsin
Cost of Living in Elm Grove, WI
Compared to national averages, Elm Grove has a median household income of $133,304 (77% above the national median of $75,149). Home values average $468,000, which is 91% above the national median. Monthly rent at $1,788 is 54% above the US average of $1,163. Within Wisconsin, Elm Grove's income is 84% above the state average of $72,579, and home values are 127% above the state median of $205,802.
Why Live in Elm Grove, WI?
Elm Grove offers a strong local economy with a median household income of $133,304, well above the national average, and a strong job market with an unemployment rate of just 0.3%, and a well-educated community where 67.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.5%, better than the national average, and short commute times averaging just 22.4 minutes.
Potential considerations include a competitive housing market where the typical home costs $468,000. However, Elm Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elm Grove has a population of 6,428 with a median age of 44.6 years. Compare Elm Grove with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Elm Grove
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lake Mills | 6,391 | $87,039 | $282,400 | Compare |
| Twin Lakes | 6,351 | $85,800 | $257,000 | Compare |
| Waupaca | 6,314 | $52,586 | $177,600 | Compare |
| Slinger | 6,173 | $99,457 | $337,700 | Compare |
| Rib Mountain | 6,134 | $87,054 | $237,700 | Compare |
| Fox Point | 6,746 | $140,818 | $414,900 | Compare |
| Sturtevant | 6,787 | $84,479 | $231,000 | Compare |
| Edgerton | 5,924 | $84,185 | $243,900 | 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 Elm Grove With Other Cities
Frequently Asked Questions about Elm Grove
What is the population of Elm Grove, WI?
The population of Elm Grove, WI is 6,428 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 Elm Grove?
The median household income in Elm Grove, WI is $133,304 per year, which is 77% above the national median of $75,149.
What is the median home value in Elm Grove?
The median home value in Elm Grove, WI is $468,000, which is 91% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elm Grove?
The median monthly rent in Elm Grove, WI is $1,788, which is 54% above the national average of $1,163/month.
What is the unemployment rate in Elm Grove?
The unemployment rate in Elm Grove, WI is 0.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elm Grove, WI a good place to live?
Elm Grove offers above-average incomes, a competitive housing market, and a strong job market. With a population of 6,428 and a median age of 44.6, the city appeals to a broad range of residents.
How educated is Elm Grove, WI?
67.0% of residents in Elm Grove 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 Elm Grove?
Key cost-of-living indicators for Elm Grove, WI: median home value is $468,000 (91% above national), median rent is $1,788/month, and median household income is $133,304. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Elm Grove?
The poverty rate in Elm Grove, WI is 4.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elm Grove, WI?
Elm Grove's population is 1.9% White, 0.2% Hispanic or Latino, 0.6% Black or African American, 0.5% Asian, and 0.2% two or more races. 2.9% of residents are foreign-born.