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Elk Point, AB
Full City Profile · Alberta
Elk Point, AB
At a Glance
How Elk Point Compares to the U.S. Average
Each bar shows Elk Point's value as a percentage of the national average (100% = U.S. avg)
Is Elk Point a Good Place to Live?
Economy & Jobs
Elk Point residents earn a median household income of $79,000 , which is 5% above the national average of $75,149. Per capita income is $51,400. The unemployment rate stands at 10.6% (194% above the U.S. rate of 3.6%). 13.5% of residents live below the poverty line. The area is home to 43 business establishments.
Housing & Cost of Living
The median home value in Elk Point is $250,000 , 11% below the national median of $281,900. Median rent is $960/month, with 20.0% of renters spending more than 30% of income on housing.
Education
10.4% of adults in Elk Point hold a bachelor's degree or higher (69% below the national average). 32.6% have completed high school.
Climate & Weather
Elk Point has an average annual temperature of 34°F (1°C). Winters average 2°F in January while summers reach 62°F in July. The area gets 306 sunny days per year. Annual precipitation totals 16.5 inches.