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Elbow Lake, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,301
Population
$59,792
Median Income
$126,900
Home Value
37.6
Median Age

Demographics

Elbow Lake has a population of 1,301 with a median age of 37.6. Here is the racial and ethnic breakdown of the population:

White
93.2%
Other
4.3%
Hispanic
2.5%
Demographic Value
Total Population1,301
Median Age37.6
White93.2%
Hispanic or Latino2.5%
Other / Two or More Races4.3%
Elbow Lake, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 93.2%Other: 4.3%Hispanic/Latino: 2.5%1,301PopulationWhiteWhite93.2%OtherOther4.3%Hispanic/LatinoHispanic/Latino2.5%

Income & Economy

The median household income in Elbow Lake is $59,792, which is 25.8% below the national median of $80,610. The per capita income is $30,931. The poverty rate is 19.3%.

$59,792
Median Household Income
$30,931
Per Capita Income
19.3%
Poverty Rate

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Education

In Elbow Lake, 94.8% of residents age 25+ have a high school diploma or higher, and 21.1% hold a bachelor's degree or higher (6.0% with a graduate or professional degree).

HS Diploma+
94.8%
Bachelor's+
21.1%
Graduate+
6.0%
Education Level % of Adults (25+)
High School Diploma or Higher94.8%
Bachelor's Degree or Higher21.1%
Graduate or Professional Degree6.0%

Housing

The median home value in Elbow Lake is $126,900, below the national median of $303,400. The median monthly rent is $742. The homeownership rate is 68.7%.

$126,900
Median Home Value
$742/mo
Median Rent
68.7%
Homeownership Rate
Housing Metric Value
Median Home Value$126,900
Median Monthly Rent$742
Homeownership Rate68.7%
Vacancy Rate9.4%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Elbow Lake, Minnesota?
The population of Elbow Lake, Minnesota is 1,301 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Elbow Lake, Minnesota?
The median household income in Elbow Lake, Minnesota is $59,792. This is 25.8% below the national median of $80,610.
What is the median home value in Elbow Lake, Minnesota?
The median home value in Elbow Lake, Minnesota is $126,900. The median monthly rent is $742.
What percentage of people in Elbow Lake have a college degree?
In Elbow Lake, Minnesota, 21.1% of adults age 25 and older hold a bachelor's degree or higher, and 94.8% have a high school diploma or higher.
Is Elbow Lake, Minnesota an affordable place to live?
The home price-to-income ratio in Elbow Lake, Minnesota is 2.1x (median home value $126,900 vs. median income $59,792), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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