Elkhorn is a medium-sized town located in the state of Nebraska. With a population of 24,291 people and five constituent neighborhoods, Elkhorn is the ninth largest community in Nebraska. Much of the housing stock in Elkhorn was built relatively recently. The construction of new real estate can often be taken as an indication that the local Elkhorn economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Elkhorn, where the median household income is $116,149.00.
Elkhorn home prices are not only among the most expensive in Nebraska, but Elkhorn real estate also consistently ranks among the most expensive in America.
Elkhorn is a decidedly white-collar town, with fully 89.25% of the workforce employed in white-collar jobs, well above the national average. Overall, Elkhorn is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Elkhorn who work in management occupations (18.40%), sales jobs (12.92%), and office and administrative support (10.80%).
Also of interest is that Elkhorn 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: 11.56% 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.
If knowledge is power, Elkhorn is a pretty powerful place. 58.39% of the adults in Elkhorn have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Elkhorn in 2018 was $55,382, which is wealthy relative to Nebraska and the nation. This equates to an annual income of $221,528 for a family of four.
The people who call Elkhorn home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Elkhorn residents report their race to be White, followed by Asian. Important ancestries of people in Elkhorn include German, Irish, English, Polish, and Swedish.
The most common language spoken in Elkhorn is English. Other important languages spoken here include Other Asian languages and Spanish.