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Ely, Iowa

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
2,186
Population
$105,882
Median Income
$311,900
Home Value
38.1
Median Age

Demographics

Ely has a population of 2,186 with a median age of 38.1. Here is the racial and ethnic breakdown of the population:

White
96.8%
Other
1.9%
Black
1.0%
Demographic Value
Total Population2,186
Median Age38.1
White96.8%
Black or African American1.0%
Asian0.3%
Other / Two or More Races1.9%
Ely, Iowa — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 96.8%Other: 3.2%2,186PopulationWhiteWhite96.8%OtherOther3.2%

Income & Economy

The median household income in Ely is $105,882, which is 31.4% above the national median of $80,610. The per capita income is $44,120. The poverty rate is 2.4%.

$105,882
Median Household Income
$44,120
Per Capita Income
2.4%
Poverty Rate

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Education

In Ely, 97.0% of residents age 25+ have a high school diploma or higher, and 37.9% hold a bachelor's degree or higher (8.6% with a graduate or professional degree).

HS Diploma+
97.0%
Bachelor's+
37.9%
Graduate+
8.6%
Education Level % of Adults (25+)
High School Diploma or Higher97.0%
Bachelor's Degree or Higher37.9%
Graduate or Professional Degree8.6%

Housing

The median home value in Ely is $311,900, above the national median of $303,400. The median monthly rent is $936. The homeownership rate is 81.8%.

$311,900
Median Home Value
$936/mo
Median Rent
81.8%
Homeownership Rate
Housing Metric Value
Median Home Value$311,900
Median Monthly Rent$936
Homeownership Rate81.8%
Vacancy Rate1.5%

Salaries in Iowa

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Frequently Asked Questions

What is the population of Ely, Iowa?
The population of Ely, Iowa is 2,186 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Ely, Iowa?
The median household income in Ely, Iowa is $105,882. This is 31.4% above the national median of $80,610.
What is the median home value in Ely, Iowa?
The median home value in Ely, Iowa is $311,900. The median monthly rent is $936.
What percentage of people in Ely have a college degree?
In Ely, Iowa, 37.9% of adults age 25 and older hold a bachelor's degree or higher, and 97.0% have a high school diploma or higher.
Is Ely, Iowa an affordable place to live?
The home price-to-income ratio in Ely, Iowa is 2.9x (median home value $311,900 vs. median income $105,882), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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