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Population & People
Population
10,043
Median age
36.6
Median household income
$91,114
Poverty rate
5.3%
Unemployment rate
4.2%
Bachelor's degree+
23.1%
Avg. commute
26 min
Hispanic or Latino
46.9%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$326,400
Median gross rent
$1,440/mo
Homeownership rate
71.38%
HUD FMR — 2 bedroom
$1,149
HUD Fair Market Rent (Texas statewide average across 254 areas — not specific to Elgin), 2026. Efficiency $887, 1BR $935, 2BR $1149, 3BR $1497, 4BR $1733. This is a different official figure from Census median gross rent above.
Energy
Texas gasoline midgrade
$4.08
Texas commercial electricity
8.64¢/kWh
Texas industrial electricity
6.55¢/kWh
Texas residential electricity
15.47¢/kWh
Economy
Gross Domestic Product: All Industry Total
2904427.8
Real Gross Domestic Product: All Industry Total
2277203.3
All-Transactions House Price Index for Texas
531.31
Unemployment Rate
4.5%
Source: FRED, Texas-specific series.