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
Change Over Time (2013, 2023)
Population Change
-6.4%
3,447 → 3,228
over 10 years
Annual Pop. Growth
-0.65%
Compound annual growth rate
Median Income Change
+33.3%
$34,543 → $46,042
nominal, not inflation-adjusted
Annual Income Growth
+2.92%
Compound annual growth rate
Population Over Time
Total population for Ely across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013, 2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts, real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
3,084
-144 from 2023 (3,228)
Projected Median Income 2030
$56,319
+$10,277 from 2023 ($46,042)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 3,447 | - | $34,543 | - |
| 2015 | 3,397 | -1.5% | $36,059 | +4.4% |
| 2017 | 3,372 | -0.7% | $36,179 | +0.3% |
| 2019 | 3,355 | -0.5% | $40,946 | +13.2% |
| 2021 | 3,233 | -3.6% | $44,745 | +9.3% |
| 2023 | 3,228 | -0.2% | $46,042 | +2.9% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.