Elizabeth, MN Profile: Facts & Data

Elizabeth, Minnesota - Basic Facts

The City of Elizabeth had a population of 151 as of July 1, 2024.

The primary coordinate point for Elizabeth is located at latitude 46.3797 and longitude -96.1292 in Otter Tail County. The formal boundaries for the City of Elizabeth encompass a land area of 0.37 sq. miles and a water area of 0 sq. miles. Otter Tail County is in the Central time zone (GMT -6).

The City of Elizabeth 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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Elizabeth, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	151 (100%)
Population in Households	151 (100.0%)
Population in Families	127 (84.1%)
Population in Group Quarters¹	0
Population Density	405
Diversity Index²	17


INCOME
Median Household Income	$86,356
Average Household Income	$112,529
% of Income for Mortgage⁴	22%
Per Capita Income	$50,675
Wealth Index⁵	116
Socioeconomic Status Index⁶	Moderate (58.9)

HOUSING
Total HU (Housing Units)	81 (100%)
Owner Occupied HU	56 (69.1%)
Renter Occupied HU	12 (14.8%)
Vacant Housing Units	13 (16.0%)
Median Home Value	$308,333
Average Home Value	$429,911
Housing Affordability Index³	112

HOUSEHOLDS
Total Households	68
Average Household Size	2.22
Family Households	50
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

81 (100%)

Owner Occupied HU

56 (69.1%)

Renter Occupied HU

12 (14.8%)

Vacant Housing Units

13 (16.0%)

Median Home Value

$308,333

Average Home Value

$429,911

Housing Affordability Index³

112

HOUSEHOLDS

Total Households

Average Household Size

2.22

Family Households

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	-2.48%	-0.81%
Households	1.44%	0.00%
Families		1.55%
Median Household Income		1.86%
Per Capita Income		4.23%
Owner Occupied HU		2.38%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-2.48%

-0.81%

Households

1.44%

0.00%

Families

1.55%

Median Household Income

1.86%

Per Capita Income

4.23%

Owner Occupied HU

2.38%

Elizabeth, MN - Peer Comparisons by Rank and Percentile

The table below compares Elizabeth 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	# 738	19th
Population Density	# 557	39th
Median Household Income	# 290	68th
Housing Affordability Index	# 560	61st
Per Capita Income	# 167	82nd
Diversity Index	# 591	36th

Variable Description

Rank

Percentile

Total Population

# 738

19th

Population Density

# 557

39th

Median Household Income

# 290

68th

Housing Affordability Index

# 560

61st

Per Capita Income

# 167

82nd

Diversity Index

# 591

36th

Minnesota Census Data Comparison Tool

Elizabeth, MN Profile: Facts & Data

Elizabeth, Minnesota - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Elizabeth, MN - Peer Comparisons by Rank and Percentile

Elizabeth, MN - Most Popular Things to Do

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Otter Tail County