Elgin, NB

Full City Profile · New Brunswick

2.8 /5.0
C+ Fair
1,064 Population 5/sq mi density
$57,200 Median Income $39,600 per capita
$150,000 Home Value
$666 Median Rent 6.5% income on rent
40°F Avg Temperature
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.1 / 5.0
$57,200 median income, 12.5% unemployment
A+
Affordability
5.0 / 5.0
$150,000 home value, $666/mo rent
C+
Safety
2.5 / 5.0
F
Education
1.4 / 5.0
5.0% bachelor's degree or higher

Elgin, NB

At a Glance

Median Income
$57,200
24% below
$39,600 per capita
Home Value
$150,000
47% below
Median Rent
$666/mo
43% below
6.5% of income on rent
Bachelor's Degree+
5.0%
85% below
32.8% high school+
Unemployment
12.5%
247% above
22.0% poverty rate
Avg Temperature
40°F

How Elgin Compares to the U.S. Average

Each bar shows Elgin's value as a percentage of the national average (100% = U.S. avg)

Income
76%
Home Value
53%
Rent
57%
Poverty
177%
Bachelor's
15%
Unemployment
347%
Thin vertical line = U.S. national average (100%)

Is Elgin a Good Place to Live?

C+
2.8 / 5.0 - Fair
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Elgin residents earn a median household income of $57,200 , which is 24% below the national average of $75,149. Per capita income is $39,600. The unemployment rate stands at 12.5% (247% above the U.S. rate of 3.6%). 22.0% of residents live below the poverty line. The area is home to 33 business establishments.

Housing & Cost of Living

The median home value in Elgin is $150,000 , 47% below the national median of $281,900. Median rent is $666/month, with 6.5% of renters spending more than 30% of income on housing.

Education

5.0% of adults in Elgin hold a bachelor's degree or higher (85% below the national average). 32.8% have completed high school.

Climate & Weather

Elgin has an average annual temperature of 40°F (5°C). Winters average 16°F in January while summers reach 63°F in July. Annual precipitation totals 52.1 inches.

Data Overview

People

Population1,064
Median Age52.0 yrs
Density5/mi²
Male / Female54% / 46%

Economy

C
Median Income$57,200
Per Capita$39,600
Unemployment12.5%
Poverty22.0%
Avg Weekly Wage$762

Housing

A+
Home Value$150,000
Rent$666
Ownership94.9%
Housing Units485
Rent Burden6.5%

Crime

C+
Property3,500/100K
Burglary484/100K

Climate

Avg Temp40°F
Rain52.1 in/yr
Elevation361 ft

Education

F
Bachelor's+5.0%
High School+32.8%
Graduate+1.7%

Community

Commute38 min

Did You Know?

25.0% work from home.