HomeIllinoisKane CountyElgin city
Elgin city, Illinois: commercial real estate data.
Elgin city is a Census city of 114,934 people across 38.17 square miles of land, lying across Kane County and Cook County. Median household income is $90,282, 71.9 percent of occupied homes are owned, and the SBA record carries 144 7(a) approvals to borrowers here worth $87.7 m.
83 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Elgin
What Elgin is
- Census place typecity
- Land area38.17 sq mi
- Water area0.57 sq mi
- Population per square mile of land3,011
- County holding the largest share of its areaKane County, 83.4 percent
- Counties this place lies inKane County 83.4 percent, Cook County 16.6 percent
Elgin city crosses a county line. The split above is measured from the Census boundary of the place against the county boundaries, by area, so it says where the ground is and not where the town hall is.
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elgin
How many people live in Elgin
- Population114,934
- Median age36.7
- Population under 1829,074
- Share under 1825.3 percent
- Population 65 and over15,534
- Share 65 and over13.5 percent
- Households39,317
- Family households28,275
- Share of households that are families71.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elgin
Income and work in Elgin
- Median household income$90,282
- Per capita income$37,057
- Civilian labor force61,725
- Employed57,942
- Unemployed3,783
- Unemployment rate6.1 percent
- Adults 25 and over75,313
- Adults 25 and over with a high school diploma or higher81.4 percent
- Adults 25 and over with a bachelor degree or higher27.0 percent
- Adults 25 and over with a graduate degree9.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elgin
Housing in Elgin
- Housing units40,523
- Occupied units39,317
- Vacant units1,206 plus or minus 317
- Vacancy rate3.0 percent plus or minus 0.8
- Owner occupied28,288
- Renter occupied11,029
- Ownership rate71.9 percent
- Median owner-occupied home value$273,000
- Median gross rent, monthly$1,361
- Annual rent as a share of median income18.1 percent
- Single family units30,737
- Share single family75.9 percent
- Units in buildings of two or more8,566
- Share in buildings of two or more21.1 percent
- Mobile homes1,220 plus or minus 448
- Median year structure built1977
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elgin
How Elgin gets to work
- Workers 16 and over who commute49,305
- Commuting under 15 minutes10,420
- Share commuting under 15 minutes21.1 percent
- Commuting 30 minutes or more22,232
- Share commuting 30 minutes or more45.1 percent
- Drove alone71.5 percent
- Carpooled10.5 percent
- Public transport1.9 percent plus or minus 0.6
- Walked0.9 percent plus or minus 0.3
- Worked from home12.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elgin
SBA loans in Elgin (7(a))
- Approvals144
- Gross approval$87,738,000
- Average approval$609,292
- Median approval$250,000
- Ninetieth percentile approval$1,885,000
- Largest approval$5,000,000
- Jobs supported2,262
- Jobs per approval15.7
- Loans with a final outcome38
- Paid in full36
- Charged off2
- Charge-off rate over resolved loans5.3 percent
- Median term120 months
- Share on real estate terms of 20 years or more13.2 percent
- Share to franchises13.2 percent
- Distinct lenders44
- Distinct industries by NAICS80
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Elgin
SBA loans in Elgin (504)
- Approvals90
- Gross approval$84,295,000
- Average approval$936,611
- Median approval$590,000
- Largest approval$5,000,000
- Jobs supported1,278
- Loans with a final outcome37
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term240 months
- Distinct CDCs5
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Elgin
Flood risk in Elgin
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170087
- Currently effective map date01/23/26
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Kane County, not Elgin
Kane County context, not Elgin figures
These are Kane County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Elgin measurements.
- Establishments in Kane County13,537
- Employment at those establishments, Kane County194,921
- Covered employment, Kane County213,795
- Average annual pay, Kane County$62,791
- Average weekly wage, Kane County$1,208
- Housing units permitted, Kane County2,132
- Of those, single family, Kane County1,741
- County product, 2024, Kane County$37,058,271,000
- County product change over the prior year, Kane County4.5 percent
- Average income of an arriving household, Kane County$85,505
Every figure in this section is published for Kane County as a whole and is not a measurement of Elgin. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Elgin questions, answered from the record.
How many people live in Elgin, Illinois?
114,934, in 39,317 households. Elgin city covers 38.17 square miles of land, which is 3,011 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Elgin in?
Elgin lies in more than one. By area it is 83.4 percent in Kane County, 16.6 percent in Cook County. This page sits under Kane County because that county holds the largest share. The split is measured from the Census boundary of the place against the county boundaries.
What is the median household income in Elgin?
$90,282. The median owner-occupied home is valued at $273,000. Median gross rent is $1,361 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Elgin businesses?
144 7(a) approvals totalling $87.7 m, across 44 lenders, median approval $250,000, plus 90 504 approvals worth $84.3 m. These count approvals to borrowers whose address is in Elgin, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Elgin borrowers get paid back?
Of the 38 loans that have reached a final outcome, 36 were paid in full and 2 charged off, a charge off rate of 5.3 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Elgin in the National Flood Insurance Program?
Yes. Elgin appears in the FEMA Community Status Book as community 170087, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Elgin figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Kane County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Elgin.
Is zoning published for Elgin?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.