Elbow Lake, MN Profile: Facts & Data

Elbow Lake, Minnesota - Basic Facts

The City of Elbow Lake had a population of 1,372 as of July 1, 2024.

The primary coordinate point for Elbow Lake is located at latitude 45.9941 and longitude -95.9767 in Grant County. The formal boundaries for the City of Elbow Lake encompass a land area of 1.35 sq. miles and a water area of 0.37 sq. miles. Grant County is in the Central time zone (GMT -6).

The City of Elbow Lake has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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Elbow Lake, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,372 (100%)
Population in Households	1,359 (99.1%)
Population in Families	1,006 (73.3%)
Population in Group Quarters¹	13 ( 0.9%)
Population Density	991
Diversity Index²	20


INCOME
Median Household Income	$58,300
Average Household Income	$79,515
% of Income for Mortgage⁴	14%
Per Capita Income	$32,469
Wealth Index⁵	63
Socioeconomic Status Index⁶	Low (42.3)

HOUSING
Total HU (Housing Units)	629 (100%)
Owner Occupied HU	401 (63.8%)
Renter Occupied HU	159 (25.3%)
Vacant Housing Units	69 (11.0%)
Median Home Value	$131,897
Average Home Value	$188,716
Housing Affordability Index³	174

HOUSEHOLDS
Total Households	560
Average Household Size	2.43
Family Households	326
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

629 (100%)

Owner Occupied HU

401 (63.8%)

Renter Occupied HU

159 (25.3%)

Vacant Housing Units

69 (11.0%)

Median Home Value

$131,897

Average Home Value

$188,716

Housing Affordability Index³

174

HOUSEHOLDS

Total Households

560

Average Household Size

2.43

Family Households

326

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.72%	0.94%
Households	1.44%	0.88%
Families		0.90%
Median Household Income		1.63%
Per Capita Income		2.08%
Owner Occupied HU		1.36%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.72%

0.94%

Households

1.44%

0.88%

Families

0.90%

Median Household Income

1.63%

Per Capita Income

2.08%

Owner Occupied HU

1.36%

Elbow Lake, MN - Peer Comparisons by Rank and Percentile

The table below compares Elbow Lake to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 314	66th
Population Density	# 279	70th
Median Household Income	# 770	16th
Housing Affordability Index	# 856	94th
Per Capita Income	# 776	15th
Diversity Index	# 471	49th

Variable Description

Rank

Percentile

Total Population

# 314

66th

Population Density

# 279

70th

Median Household Income

# 770

16th

Housing Affordability Index

# 856

94th

Per Capita Income

# 776

15th

Diversity Index

# 471

49th

Minnesota Census Data Comparison Tool

Elbow Lake, MN Profile: Facts & Data

Elbow Lake, Minnesota - Basic Facts

Elbow Lake, MN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Elbow Lake, MN - Peer Comparisons by Rank and Percentile

Elbow Lake, MN - Most Popular Things to Do

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