Elgin is a medium-sized city located in the state of Texas. With a population of 12,304 people and four associated neighborhoods, Elgin is the 253rd largest community in Texas. Much of the housing stock in Elgin was built relatively recently. The construction of new real estate can often be taken as an indication that the local Elgin economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Elgin, where the median household income is $85,666.00.

Elgin real estate is some of the most expensive in Texas, although Elgin house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Elgin has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 18.44% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

One downside of living in Elgin, however, is that residents on average have to contend with a long commute, spending on average 34.41 minutes every day commuting to work.

As is often the case in a small city, Elgin doesn't have a public transportation system that people use for their commute.

The population of Elgin overall has a level of education that is slightly above the US average for all US cities and towns of 21.84%. Of adults 25 and older in Elgin, 22.49% have at least a bachelor's degree.

The per capita income in Elgin in 2022 was $40,935, which is wealthy relative to Texas, and upper middle income relative to the rest of the US. This equates to an annual income of $163,740 for a family of four. However, Elgin contains both very wealthy and poor people as well.

Elgin is an extremely ethnically-diverse city. The people who call Elgin home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in Elgin, accounting for 44.06% of the city’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Elgin residents report their race to be White, followed by Black or African-American. Important ancestries of people in Elgin include German, Irish, English, British, and Scottish.

The most common language spoken in Elgin is English. Other important languages spoken here include Spanish and Langs. of India.