Ely, MN
Full City Profile · Minnesota · Lake County County
3.3
/5.0
B
Good
3,239
Population
1,109/sq mi density
$46,042
Median Income
$33,032 per capita
$150,800
Home Value
$285,200 Zillow
$627
Median Rent
33.4% income on rent
39°F
Avg Temperature
125
Violent Crime/100K
716 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$46,042 median income, 2.7% unemployment
A+
Affordability
4.8 / 5.0
$150,800 home value, $627/mo rent
F
Safety
1.0 / 5.0
125 violent crimes/100K
B+
Education
3.7 / 5.0
34.1% bachelor's degree or higher
Income Overview
Median Household Income
$46,042
39% below
US avg: $75,149
Per Capita Income
$33,032
15% below
US avg: $39,052
Unemployment Rate
2.7%
25% below
US avg: 3.6%
Poverty Rate
4.0%
68% below
US avg: 12.4%
Income Comparison: Ely vs. U.S. Average
Each bar shows Ely’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$46,042
61%
Per Capita
US: $39,052
$33,032
85%
IRS Avg AGI
US: $72,000
$69,182
96%
Avg Weekly Wage
US: $1,432
$1,047
73%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,047
27% below US avg ($1,432)
Mean Commute Time
15 min
47% below US avg (28 min)
Work From Home
6.3%
59% below US avg (15.2%)
Drive Alone
56.7%
23% below US avg (73.2%)
Public Transit
0.1%
98% below US avg (5.0%)
County GDP
$565M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
56.7%
Public Transit
0.1%
Work From Home
6.3%
Other
36.9%
Average commute time
15 minutes
US avg: 28 min
Business Landscape
Total Establishments
378
Restaurants
71
Healthcare
32
Retail
53
Manufacturing
19
Tax & Financial
IRS Avg Adjusted Gross Income
$69,182
4% below US avg ($72,000)
Avg Property Tax
$4,145
18% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $46,042 |
| Per Capita Income | $33,032 |
| IRS Avg Adjusted Gross Income | $69,182 |
| Avg Weekly Wage | $1,047 |
| County GDP | $565M |
Hardship Indicators
| Unemployment Rate | 2.7% |
| Poverty Rate | 4.0% |
| Gini Coefficient | 0.397 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 15 minutes |
| Drive Alone | 56.7% |
| Public Transit | 0.1% |
| Work From Home | 6.3% |
Businesses
| Total Establishments | 378 |
| Restaurants | 71 |
| Healthcare | 32 |
| Retail | 53 |
| Manufacturing | 19 |
Tax
| IRS Avg AGI | $69,182 |
| Avg Property Tax | $4,145 |