Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.8 yrs |
|---|---|
| Avg HH Size | 2.44 |
| Below Poverty | 12.4% ▲ 24% above avg |
| College Grads | 42.4% ▲ 10% above avg |
| Unemployment | 3.1% ▼ 37% below avg |
| No HS Diploma | 16 (1.2%) |
| HS Graduate | 352 (26.9%) |
| Some College | 185 (14.1%) |
| Associates | 200 (15.3%) |
| Bachelors | 291 (22.2%) |
| Graduate Degree | 264 (20.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $73,162 ≈ Avg |
|---|---|
| Median Home Value | $151,600 ▼ 46% below avg |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $785/mo |
| Total Housing Units | 924 |
| Vacant Units | 139 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Elbow Lake is a city in Minnesota, located in Grant County. The city spans 1 ZIP code and is home to approximately 1,948 residents. It is a middle-aged city, with a median age of 41.8 years.
Economically, Elbow Lake is a solidly middle-class community. The median household income of $73,162 is near the national average. Approximately 12.4% of residents live below the poverty line. The unemployment rate is 3.1%, below the national average.
The real estate market in Elbow Lake is an affordable housing market. Median home values stand at $151,600, which is below the national average. Renters typically pay around $785 per month. Homeownership is high at 75.5%, typical of suburban and family-oriented communities.
The population of Elbow Lake is well-educated. 42.4% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (93.53%).
Elbow Lake, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56531 | 1,948 | $73,162 | $151,600 | $785 | 3.1% | 42.4% | 75.5% |