Elkton, TN Profile: Facts & Data

The primary coordinate point for Elkton is located at latitude 35.0523 and longitude -86.8886 in Giles County. The formal boundaries for the City of Elkton encompass a land area of 2.16 sq. miles and a water area of 0 sq. miles. Giles County is in the Central time zone (GMT -6). The elevation is 656 feet.

The City of Elkton (GNIS ID: 2403557) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Elkton, TN Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	550 (100%)
Population in Households	549 (99.8%)
Population in Families	459 (83.5%)
Population in Group Quarters¹	1 ( 0.2%)
Population Density	295
Diversity Index²	29


INCOME
Median Household Income	$51,951
Average Household Income	$60,803
% of Income for Mortgage⁴	12%
Per Capita Income	$26,034
Wealth Index⁵	59

HOUSING
Total HU (Housing Units)	275 (100%)
Owner Occupied HU	180 (65.5%)
Renter Occupied HU	53 (19.3%)
Vacant Housing Units	41 (14.9%)
Median Home Value	$148,780
Average Home Value	$173,056
Housing Affordability Index³	228

HOUSEHOLDS
Total Households	234
Average Household Size	2.35
Family Households	165
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Elkton, TN - Peer Comparisons by Rank and Percentile

The table below compares Elkton to the other 429 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	1.15%	0.93%
Households	1.35%	1.01%
Families	1.48%	0.83%
Median Household Income		0.29%
Per Capita Income		1.25%
Owner Occupied HU		1.09%

Variable Description	Rank	Percentile
Total Population	# 345	20th
Population Density	# 307	29th
Median Household Income	# 135	69th
Housing Affordability Index	# 306	71st
Per Capita Income	# 148	66th
Diversity Index	# 137	68th

Elkton, TN Profile: Facts & Data

Elkton, Tennessee - Basic Facts

Elkton, TN Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Elkton, TN - Peer Comparisons by Rank and Percentile

Elkton, TN - Most Popular Things to Do

Use HTL Address Research for a Tennessee Address and get...

Quick & Easy Ways to...

Tennessee Census Data Comparison Tool

More Tools and Resources:

COVID-19 Statistics and Data

Giles County

Prospect Jobs