Elgin, MN
1,116Residents
$92,083Median household income
$727/moMedian gross rent
$232,200Median home value
33.6Median age
25%Adults with a bachelor’s degree or higher
82%Homes lived in by their owners
2.5×Home value to household income
Median rent takes about 9% of the median household income in Elgin.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $29,000 a year. In Minnesota that leaves roughly $1,959 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.