Is Elliot Lake a Good Place to Live?
Based on current data, Elliot Lake receives an overall livability score of 2.9 out of 5.0, earning a grade of C+. Key strengths include affordable housing, abundant sunshine. Areas to be aware of include above-average unemployment, an elevated poverty rate, below-average incomes. Elliot Lake has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Elliot Lake is $50,000, 33% below the national average of $75,149. At 16.5%, unemployment is notably high. The poverty rate of 20.0% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 18 minutes, shorter than most U.S. cities.
Cost of Living & Housing
The median home value in Elliot Lake is $150,000, 47% below the national median — offering relatively affordable homeownership. Renters pay a median of $800 per month, below the national average — a plus for affordability. At just 3x median income, home prices are very affordable relative to local earnings.
Education
7.7% of residents hold a bachelor's degree, below the national average of 33.7%. 31.5% have completed high school.
Climate & Weather
Elliot Lake has a cool climate with an average annual temperature of 43°F. Winters average 21°F in January while summers reach 66°F in July. The area gets 241 sunny days per year. Annual precipitation totals 34.3 inches, including 69.8 inches of snow.