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.
The unemployment rate of Elon remained 4.4%, which is 6% lower than national rate.
Cost of living in Elon is 104, which is 4% higher than national average.
In Elon, only 53% of adults have a bachelor's degree and 26% have some college but no degree.
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.