Living in Elba, Minnesota
Cost of living, income, home prices, rent and demographics of Elba · Census data 2020–2024
Elba has 102 residents with a median age of 53.7. The median household income is $76,250 (14% lower than the Minnesota median), the median home value is $159,400, the median rent is $825/month.
Elba is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elba at a glance
- Population
- 102
- Median age
- 53.7State: 38.8
- Median household income
- $76,250State: $89,062
- Median home value
- $159,400State: $329,300
- Median rent
- $825/moState: $1,280
- Homeowners
- 87.5%
- Bachelor's degree or higher
- 16.7%
- Average commute
- 27 min
Is Elba a good place to live?
Pros: Home values 52% lower than the state median; unemployment of 2.8%; a poverty rate of 8.8%.
Cons: Median household income 14% lower than the Minnesota median; an average commute of 27 minutes.
The weather is best in June to September.
Cost of living in Elba
Housing is the biggest part of the cost of living. In Elba the median home value is $159,400, 52% lower than the U.S. median. Renters pay a median of $825 per month, which is 9% of household income. Homeowners with a mortgage pay $1,232 a month in housing costs.
Elba median household income
The median household income in Elba is $76,250 and the income per person is $46,199. 8.8% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Elba: homes for sale and rent
- Housing units
- 69
- Owner-occupied
- 87.5%
- Renter-occupied
- 12.5%
- Vacant
- 18.8%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 1.82
Elba demographics
- Population
- 102
- Median age
- 53.7
- Under 18
- 3.9%
- 65 and older
- 28.4%
- Households
- 56
- Foreign-born
- 0%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Elba ›
Education in Elba
16.7% of adults 25 and older in Elba have a bachelor's degree or higher (Minnesota: 39.4%), and 2.2% have a graduate or professional degree.
Jobs and commute in Elba
- Unemployment rate
- 2.8%State: 4.1%
- Average commute
- 27 minState: 23 min
- Work from home
- 5.7%
- Drive alone
- 67.1%
- Public transit
- 2.9%
- Walk to work
- 11.4%
- Homes with broadband
- 96.4%
Elba vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Elba | 102 | $76,250 | $159,400 | $825 |
| Altura | 388 | $61,563 | $206,000 | $638 |
| Utica | 216 | $73,125 | $188,400 | $1,333 |
| St. Charles | 4,037 | $96,200 | $256,600 | $1,001 |
| Plainview | 3,500 | $82,926 | $245,300 | $828 |
| Rollingstone | 620 | $93,000 | $239,400 | $747 |
| Dover | 895 | $116,250 | $305,200 | $853 |
| Minneiska | 111 | $87,083 | $207,100 | — |
| Lewiston | 1,613 | $91,875 | $213,600 | $929 |
More for people moving to Elba
Elba ZIP code ›Weather and climate ›Living in Elba: FAQ
What is the median household income in Elba, MN?
The median household income in Elba is $76,250, 14% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Elba?
The median home value in Elba is $159,400, compared with $329,300 in Minnesota.
How much is rent in Elba?
The median gross rent in Elba is $825 per month, about 9% of household income.
Is Elba, MN a good place to live?
Pluses: home values 52% lower than the state median; unemployment of 2.8%; a poverty rate of 8.8%. Minuses: median household income 14% lower than the Minnesota median; an average commute of 27 minutes.
What is the median age in Elba?
The median age in Elba is 53.7 years (Minnesota: 38.8).
How long is the commute in Elba?
The average commute to work in Elba is 27 minutes; 5.7% of workers work from home.
What is the unemployment rate in Elba?
The unemployment rate in Elba is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elba?
16.7% of adults in Elba have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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