Elkton is a city in Maryland state in USA with a population of 15653 residents.. The poverty rate of Elkton is 21.4%, which is 53% higher than national average. The typical household in Elkton earns $54871 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 17 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 46.4% 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 Elkton, only 85% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Elkton remained 5.7%, which is 21% 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 Elkton, only 21% of adults have a bachelor's degree and 27% have some college but no degree.

Cost of living in Elkton is 110, which is 10% higher than national average. Median home value in Elkton is $211800 , which is 8% lower than national average. While median income in Elkton remained $54871, which is 19% lower than national average.