Lovington vs Elgin
| Lovington | Elgin | |
|---|---|---|
| Population | 1,093 | 114,190 |
| Median Household Income | $55,556 | $90,282 |
| Median Home Value | $87,400 | $273,000 |
| Median Gross Rent | $788/mo | $1,361/mo |
| Homeownership Rate | 68.9% | 71.9% |
| Unemployment Rate | 1.1% | 6.1% |
| Bachelor's Degree or Higher | 5.5% | 27.0% |
| Median Age | 37.8 | 36.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.