Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.7 yrs |
|---|---|
| Avg HH Size | 2.75 |
| Below Poverty | 2.4% ▼ 76% below avg |
| College Grads | 48.1% ▲ 24% above avg |
| Unemployment | 2.1% ▼ 57% below avg |
| No HS Diploma | 226 (0.8%) |
| HS Graduate | 7,272 (24.8%) |
| Some College | 3,136 (10.7%) |
| Associates | 4,609 (15.7%) |
| Bachelors | 4,362 (14.9%) |
| Graduate Degree | 9,746 (33.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $111,481 ▲ 46% above avg |
|---|---|
| Median Home Value | $355,200 ▲ 27% above avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $1,356/mo |
| Total Housing Units | 16,796 |
| Vacant Units | 673 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Elk River is a city in Minnesota, located in Sherburne County. The city spans 1 ZIP code and is home to approximately 45,080 residents. It is a relatively young city, with a median age of 37.7 years.
Economically, Elk River is a upper-middle-income community. The median household income of $111,481 is above the national average. Approximately 2.4% of residents live below the poverty line. The unemployment rate is 2.1%, well below the national average.
The real estate market in Elk River is a mid-range housing market. Median home values stand at $355,200, which is above the national average. Renters typically pay around $1,356 per month. Homeownership is high at 84.3%, typical of suburban and family-oriented communities.
The population of Elk River is well-educated. 48.1% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (85%).
Elk River, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55330 | 45,080 | $111,481 | $355,200 | $1,356 | 2.1% | 48.1% | 84.3% |