Living in Elbow Lake, Minnesota
Cost of living, income, home prices, rent and demographics of Elbow Lake · Census data 2020–2024
Elbow Lake has 1,301 residents with a median age of 37.6. The median household income is $59,792 (33% lower than the Minnesota median), the median home value is $126,900, the median rent is $742/month.
Elbow Lake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Elbow Lake at a glance
- Population
- 1,301
- Median age
- 37.6State: 38.8
- Median household income
- $59,792State: $89,062
- Median home value
- $126,900State: $329,300
- Median rent
- $742/moState: $1,280
- Homeowners
- 68.7%
- Bachelor's degree or higher
- 21.1%
- Average commute
- 23 min
Is Elbow Lake a good place to live?
Pros: Home values 61% lower than the state median; an average commute of 23 minutes.
Cons: Median household income 33% lower than the Minnesota median; unemployment of 4.9%; a poverty rate of 19.3%.
The weather is best in June to September.
Cost of living in Elbow Lake
Housing is the biggest part of the cost of living. In Elbow Lake the median home value is $126,900, 62% lower than the U.S. median. Renters pay a median of $742 per month, which is 27.5% of household income. Homeowners with a mortgage pay $1,250 a month in housing costs.
Elbow Lake median household income
The median household income in Elbow Lake is $59,792 and the income per person is $30,931. 19.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Elbow Lake: homes for sale and rent
- Housing units
- 533
- Owner-occupied
- 68.7%
- Renter-occupied
- 31.3%
- Vacant
- 9.4%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.63
Elbow Lake demographics
- Population
- 1,301
- Median age
- 37.6
- Under 18
- 27.1%
- 65 and older
- 16.6%
- Households
- 483
- Foreign-born
- 0.3%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Elbow Lake ›
Education in Elbow Lake
21.1% of adults 25 and older in Elbow Lake have a bachelor's degree or higher (Minnesota: 39.4%), and 6% have a graduate or professional degree.
Jobs and commute in Elbow Lake
- Unemployment rate
- 4.9%State: 4.1%
- Average commute
- 23 minState: 23 min
- Work from home
- 7.4%
- Drive alone
- 78.7%
- Public transit
- 0.2%
- Walk to work
- 2.4%
- Homes with broadband
- 94.2%
Elbow Lake vs nearby towns
More for people moving to Elbow Lake
Elbow Lake ZIP code ›Weather and climate ›Living in Elbow Lake: FAQ
What is the median household income in Elbow Lake, MN?
The median household income in Elbow Lake is $59,792, 33% 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 Elbow Lake?
The median home value in Elbow Lake is $126,900, compared with $329,300 in Minnesota.
How much is rent in Elbow Lake?
The median gross rent in Elbow Lake is $742 per month, about 27.5% of household income.
Is Elbow Lake, MN a good place to live?
Pluses: home values 61% lower than the state median; an average commute of 23 minutes. Minuses: median household income 33% lower than the Minnesota median; unemployment of 4.9%; a poverty rate of 19.3%.
What is the median age in Elbow Lake?
The median age in Elbow Lake is 37.6 years (Minnesota: 38.8).
How long is the commute in Elbow Lake?
The average commute to work in Elbow Lake is 23 minutes; 7.4% of workers work from home.
What is the unemployment rate in Elbow Lake?
The unemployment rate in Elbow Lake is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Elbow Lake?
21.1% of adults in Elbow Lake 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.
Last updated: