Elon is a city in North Carolina state in USA with a population of 11941 residents.. The poverty rate of Elon is 24.6%, which is 76% higher than national average. The typical household in Elon earns $69085 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 19 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 36% 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 Elon, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Elon remained 4.4%, which is 6% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Elon, only 53% of adults have a bachelor's degree and 26% have some college but no degree.

Cost of living in Elon is 104, which is 4% higher than national average. Median home value in Elon is $297300 , which is 29% higher than national average. While median income in Elon remained $69085, which is 2% 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.