Median Income
$45,625
household / year
Median Home Value
$83,000
owner-occupied
Median Rent
$791
gross / month
Cost of Living
90
national avg = 100

Is Elkton, MI a Good Place to Live?

Elkton is a small town of 746 in Michigan, with a median household income of $45,625 and a 3.0% unemployment rate. Its cost of living index is 90 (US average = 100), which is 10% below the national average.

Strengths: Elkton stands out for an affordable cost of living, below-average home prices, lower-than-average crime, short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Elkton is right for you depends on your priorities — the full breakdown is below.

All Elkton city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 90.1

Elkton's overall cost of living index is 90.1, where 100 represents the US national average. Living in Elkton costs roughly 10% less than the average American city.

Metric Elkton, MI National Avg
Median Home Value $83,000 $244,900
Median Monthly Rent $791 $1,163
Homeownership Rate 62.2% 65.9%
Median Household Income $45,625 $74,755

Crime & Safety

Safer than Average

Elkton's violent crime rate is 256.1 per 100,000 residents — 33% lower than the national average of ~380 per 100,000.

Violent Crime
256.1 /100k
Property Crime
1280.4 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Elkton, MI National Avg
School District N/A
Elementary Schools N/A
Middle Schools N/A
High Schools N/A
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 16.9% 35.4%
High School Diploma or Higher 91.6% 91.1%

Weather & Climate

Elkton sees average highs of 27.7°F in January and 78.7°F in July, with 34.1 inches of annual precipitation and 42.5 inches of snow per year.

MetricElkton, MI
Average High — January27.7°F
Average High — July78.7°F
Annual Precipitation34.1"
Annual Snowfall42.5"

Demographics

MetricElkton, MINational Avg
Population746
Median Age43.238.9
Unemployment Rate3.0%3.7%
Avg Commute Time22.5 min26 min
White (non-Hispanic)94.8%59.3%
Black or African American0.0%13.6%
Hispanic or Latino0.9%18.9%
Asian3.4%6.3%
Under 1821.4%22.2%
65 and over17.8%16.8%

Nearby Cities

ZIP Codes in Elkton

Elkton, MI is covered by 1 ZIP code:

Elkton vs Other Cities

Frequently Asked Questions

Elkton's cost of living index is 90, where 100 is the national average. That makes Elkton roughly 10% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $83,000 and median rent is $791/month.
Elkton's violent crime rate is 256.1 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1280.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Elkton, MI has a population of 746, a median household income of $45,625, and an unemployment rate of 3.0%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Elkton averages 27.7°F in January and 78.7°F in July. Annual rainfall is 34.1 inches with about 42.5 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Elkton, MI is covered by 1 ZIP code: 48731.
The population of Elkton, Michigan is 746 with a median age of 43.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Elkton: cost of living index 90 (100 = US average), median home $83,000, median household income $45,625, crime index 65 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Elkton side by side with your current city to see the trade-offs.