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The total population of Elk Point is estimated to be 2,177 with 1,127 males (51.77%) and 1,050 females (48.23%). There are 77 less females than males in Elk Point.
The median household income in Elk Point was $72,624 in 2021, which marked an an increase of 8,335(12.96%) from $64,289 in 2020. This income is 97.34% 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, Elk Point sees its highest median household income among householders in the age group of 45 to 64 years old, at $105,634. Overall, the median household income for the city of Elk Point stands at $72,624.
In Elk Point, the median income for all workers aged 15 years and older, regardless of work hours, was $56,147 for males and $36,481 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,852 for males and $45,789 for females.
In Elk Point, population is primarily represented by White households, reporting a median income of $71,610.
In 2022, the population of Elk Point was 2,103, a 1.22% decrease year-by-year from 2021. Previously, in 2021, Elk Point's population was 2,129, a decline of 0.61% compared to a population of 2,142 in 2020.
The median age in Elk Point, SD is 34.2, as per 2021 ACS 5-Year Estimates. Of the total population, 27.40% were under the age of 15, 16.10% aged 15 to 29, 37.32% aged 30 to 64, 12.23% aged 65 to 84, and 6.94% were 85 years of age and older.
Racial distribution of Elk Point population: 99.07% are White, 0.53% are American Indian and Alaska Native and 0.40% are multiracial.