Elfin Cove, AK Profile: Facts & Data

The Elfin Cove CDP⁽¹⁾ had a population of 25 as of July 1, 2024. Elfin Cove ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Alaska. See peer rankings below.

The Elfin Cove Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Elfin Cove Census Designated Place is located within the Hoonah-Angoon Census Subarea of Hoonah-Angoon (CA) Borough. Census subareas are statistical subdivisions of the county equivalents used in Alaska (boroughs, city and boroughs, municipalities, and census areas) and are the statistical equivalent of Micro Civil Divisions (MCDs) used in other states.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Elfin Cove, AK Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	25 (100%)
Population in Households	25 (100.0%)
Population in Families	22 (88.0%)
Population in Group Quarters¹	0
Population Density	0
Diversity Index²	53


INCOME
Median Household Income	$112,209
Average Household Income	$94,997
% of Income for Mortgage⁴	0%
Per Capita Income	$53,198
Wealth Index⁵	95
Socioeconomic Status Index⁶	High (70.1)

HOUSING
Total HU (Housing Units)	61 (100%)
Owner Occupied HU	14 (23.0%)
Renter Occupied HU	0
Vacant Housing Units	47 (77.0%)
Median Home Value	$425,000
Average Home Value	$426,786
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	14
Average Household Size	1.79
Family Households	12
Average Family Size	2.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Elfin Cove, AK - Peer Comparisons by Rank and Percentile

The table below compares Elfin Cove to the other 353 incorporated cities, towns and CDPs in Alaska by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.97%	0.00%
Households	-3.09%	0.00%
Families		-10.22%
Median Household Income		-18.12%
Per Capita Income		0.59%
Owner Occupied HU		-4.71%

Variable Description	Rank	Percentile
Total Population	# 323	9th
Population Density	# 340	3rd
Median Household Income	# 8	98th
Housing Affordability Index	# 7	2nd
Per Capita Income	# 21	94th
Diversity Index	# 104	71st

Elfin Cove, AK Profile: Facts & Data

Elfin Cove, Alaska - Basic Facts

Elfin Cove, AK Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Elfin Cove, AK - Peer Comparisons by Rank and Percentile

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