Elgin is a city in Illinois state in USA with a population of 112062 residents.. The poverty rate of Elgin is 10.5%, which is 25% lower than national average. The typical household in Elgin earns $72999 a year, compared to the national median of $67,500. Nearly 33.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Elgin, only 80% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Elgin remained 6.4%, which is 36% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Elgin, only 26% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Elgin is 103, which is 3% higher than national average. Median home value in Elgin is $196100 , which is 15% lower than national average. While median income in Elgin remained $72999, which is 8% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.