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The total population of Elgin is estimated to be 739 with 364 males (49.26%) and 375 females (50.74%). There are 11 more females than males in Elgin.
The median household income in Elgin was $59,970 in 2021, which marked an an increase of 3,699(6.57%) from $56,271 in 2020. This income is 80.38% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Elgin sees its highest median household income among householders in the age group of 25 to 44 years old, at $72,511. Overall, the median household income for the city of Elgin stands at $59,970.
In Elgin, the median income for all workers aged 15 years and older, regardless of work hours, was $40,835 for males and $21,152 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,893 for males and $41,885 for females.
In Elgin, population is primarily represented by White households, reporting a median income of $59,970.
In 2022, the population of Elgin was 678, a 0.15% decrease year-by-year from 2021. Previously, in 2021, Elgin's population was 679, a decline of 0.88% compared to a population of 685 in 2020.
The median age in Elgin, IA is 41.8, as per 2021 ACS 5-Year Estimates. Of the total population, 17.84% were under the age of 15, 18.36% aged 15 to 29, 40.95% aged 30 to 64, 20.03% aged 65 to 84, and 2.82% were 85 years of age and older.
Racial distribution of Elgin population: 97.43% are White, 1.41% are Black or African American and 1.16% are multiracial.