Median Income
$79,000
5% higher than US avg
Home Value
$250,000
11% lower than US avg
Bachelor's+
10.4%
69% lower than US avg
Median Rent
$960
17% lower than US avg
Unemployment
10.6%
194% higher than US avg
Poverty Rate
13.5%
9% higher than US avg
How Elk Point Compares to the U.S. Average (100% = U.S. avg)
People
Population1,399
Median Age41.2 yrs
Density737/mi²
Male / Female51% / 49%
Largest GroupWhite 89%
Economy
B
Median Income$79,000
Per Capita$51,400
Unemployment10.6%
Poverty13.5%
Commute22 min
Housing
A+
Home Value$250,000
Rent$960
OwnershipN/A
Housing Units605
Rent Burden20.0%
Climate
Avg TempN/A
AQIN/A
Elevation1,995 ft
Education
D
Bachelor's+10.4%
High School+32.6%
Graduate+0.9%
Is Elk Point a Good Place to Live?
Based on current data, Elk Point receives an overall livability score of 3.2 out of 5.0, earning a grade of B. Key strengths include affordable housing. Areas to be aware of include above-average unemployment. Elk Point offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Elk Point is $79,000, roughly in line with the national average of $75,149. At 10.6%, unemployment is notably high. 13.5% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 22 minutes.
Cost of Living & Housing
The median home value in Elk Point is $250,000, 11% below the national median — offering relatively affordable homeownership. Renters pay a median of $960 per month, below the national average — a plus for affordability. A price-to-income ratio of 3.2x indicates a reasonably affordable housing market.
Education
10.4% of residents hold a bachelor's degree, below the national average of 33.7%. 32.6% have completed high school.
Elk Point has a population of 1,399 with a density of 737 people per square mile. The median age is 41.2 years, 6% older than the national median of 38.9. The city is predominantly White (88.7%), with 1.5% Black, 9.4% Asian.
Population
1,399
Total Population
2021 Census
41.2yrs
Median Age
6% above US avg
Race & Ethnicity
Elk Point vs U.S. Average
Language Spoken at Home
| English Only | 83.2% |
| 6% above US avg |
| Spanish | 2.5% |
| 81% below US avg |
| Other Languages | 14.3% |
Social Characteristics
Elk Point vs U.S. Average
The median household income in Elk Point is $79,000, which is 5% above the national average of $75,149. The unemployment rate is 10.6% (above the 3.6% US average). 13.5% of residents live below the poverty line. Workers commute an average of 22 minutes.
Income: Elk Point vs U.S.
Income
| Median HH Income | $79,000 |
| 5% above US avg |
| Per Capita Income | $51,400 |
Employment & Poverty
| Unemployment | 10.6% |
| 194% above US avg |
| Poverty Rate | 13.5% |
| 9% above US avg |
Commute & Transportation
| Commute Time | 22.0 min |
| Drive Alone | 84.5% |
| Public Transit | 0.0% |
| Work from Home | 7.8% |
The median home value in Elk Point is $250,000, 11% below the national average. Monthly rent averages $960 (17% below US avg).
Home Values
| Census Median | $250,000 |
| 11% below US avg |
Real Estate Market (Redfin)
Rental Costs
| Census Median Rent | $960 |
| 17% below US avg |
| Rent Burden | 20.0% |
Ownership & Property
| Owner-Occupied | 65.3% |
| Renter-Occupied | 35.5% |
| Housing Units | 605 |
Property Tax
Health Metrics: Elk Point vs U.S. Average (%)
Behaviors & Mental Health
Healthcare Access
Food & Exercise
Crime Rates: Elk Point vs U.S. Average (per 100,000)
Geography
| Elevation | 1,995 ft (608 m) |
| Area | 1.9 sq mi (4.9 km²) |
| Population Density | 737/sq mi |
| Coordinates | 53.9002°N, 110.9017°W |
| Timezone | America/Edmonton |