Elkins is a very small city located in the state of Arkansas. With a population of 3,733 people and two associated neighborhoods, Elkins is the 104th largest community in Arkansas. Much of the housing stock in Elkins was built relatively recently. The construction of new real estate can often be taken as an indication that the local Elkins economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Elkins, where the median household income is $72,940.00.

Elkins real estate is some of the most expensive in Arkansas, although Elkins house values don't compare to the most expensive real estate in the U.S.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.38% 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.

Elkins is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Elkins’s overall crime rate is lower than average for the country.

Being a small city, Elkins does not have a public transit system used by locals to get to and from work.

The citizens of Elkins are slightly better educated than the national average of 21.84% for all cities and towns, with 21.76% of adults in Elkins having a bachelor's degree or advanced degree.

The per capita income in Elkins in 2022 was $29,438, which is upper middle income relative to Arkansas, and lower middle income relative to the rest of the US. This equates to an annual income of $117,752 for a family of four. However, Elkins contains both very wealthy and poor people as well.

Elkins is a somewhat ethnically-diverse city. The people who call Elkins home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Elkins residents report their race to be White, followed by Asian. Elkins also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.03% of the city’s residents. Important ancestries of people in Elkins include English, German, Irish, French, and Italian.

The most common language spoken in Elkins is English. Other important languages spoken here include Spanish and Polish.