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The total population of Elgin is estimated to be 114,190 with 58,181 males (50.95%) and 56,009 females (49.05%). There are 2,172 less females than males in Elgin.
The median household income in Elgin was $86,210 in 2021, which marked an an increase of 3,492(4.22%) from $82,718 in 2020. This income is 115.55% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Elgin sees its highest median household income among householders in the age group of 45 to 64 years old, at $98,929. Overall, the median household income for the city of Elgin stands at $85,167.
In Elgin, the median income for all workers aged 15 years and older, regardless of work hours, was $40,341 for males and $33,140 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $53,910 for males and $54,955 for females.
In Elgin, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, White households have the highest median household income at $100,727, while Two or More Races households represent the opposite end with the lowest median household income of $67,215.
In 2022, the population of Elgin was 113,177, a 0.75% decrease year-by-year from 2021. Previously, in 2021, Elgin's population was 114,031, a decline of 0.50% compared to a population of 114,604 in 2020.
The median age in Elgin, IL is 35.0, as per 2021 ACS 5-Year Estimates. Of the total population, 21.90% were under the age of 15, 21.21% aged 15 to 29, 45.38% aged 30 to 64, 10.36% aged 65 to 84, and 1.14% were 85 years of age and older.
Racial distribution of Elgin population: 54.66% are White, 5.19% are Black or African American, 0.87% are American Indian and Alaska Native, 5.37% are Asian, 0.10% are Native Hawaiian and other Pacific Islander, 22.69% are some other race and 11.11% are multiracial.