Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 59.8 yrs |
|---|---|
| Avg HH Size | 1.78 |
| Below Poverty | 11.3% ▲ 13% above avg |
| College Grads | 56.2% ▲ 45% above avg |
| Unemployment | 2.3% ▼ 54% below avg |
| No HS Diploma | 6 (0.1%) |
| HS Graduate | 852 (20.7%) |
| Some College | 278 (6.8%) |
| Associates | 663 (16.1%) |
| Bachelors | 613 (14.9%) |
| Graduate Degree | 1,699 (41.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $62,900 ▼ 18% below avg |
|---|---|
| Median Home Value | $202,900 ▼ 27% below avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $641/mo |
| Total Housing Units | 4,954 |
| Vacant Units | 2,152 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Ely is a city in Minnesota, located in St. Louis County. The city spans 1 ZIP code and is home to approximately 5,292 residents. It is an older city, with a median age of 59.8 years.
Economically, Ely is a solidly middle-class community. The median household income of $62,900 is below the national average. Approximately 11.3% of residents live below the poverty line. The unemployment rate is 2.3%, well below the national average.
The real estate market in Ely is an affordable housing market. Median home values stand at $202,900, which is below the national average. Renters typically pay around $641 per month. Homeownership is high at 75.5%, typical of suburban and family-oriented communities.
The population of Ely is well-educated. 56.2% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (93.76%).
Ely, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55731 | 5,292 | $62,900 | $202,900 | $641 | 2.3% | 56.2% | 75.5% |