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The total population of Elkton is estimated to be 746 with 392 males (52.55%) and 354 females (47.45%). There are 38 less females than males in Elkton.
The median household income in Elkton was $46,553 in 2021, which marked an an increase of 2,486(5.64%) from $44,067 in 2020. This income is 62.40% 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, Elkton sees its highest median household income among householders in the age group of 45 to 64 years old, at $56,554. Overall, the median household income for the village of Elkton stands at $46,553.
In Elkton, the median income for all workers aged 15 years and older, regardless of work hours, was $35,050 for males and $22,487 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,228 for males and $42,786 for females.
In Elkton, population is primarily represented by White households, reporting a median income of $46,553.
In 2022, the population of Elkton was 796, a 0.50% decrease year-by-year from 2021. Previously, in 2021, Elkton's population was 800, a decline of 0.12% compared to a population of 801 in 2020.
The median age in Elkton, MI is 43.5, as per 2021 ACS 5-Year Estimates. Of the total population, 20.10% were under the age of 15, 12.39% aged 15 to 29, 50.32% aged 30 to 64, 14.66% aged 65 to 84, and 2.53% were 85 years of age and older.
Racial distribution of Elkton population: 96.33% are White, 1.64% are Asian, 1.26% are some other race and 0.76% are multiracial.