55731 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Saint Louis County
Centroid: Latitude 47.895, Longitude -91.888
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55731 has segments in 2 Counties (Lake, Saint Louis).

Businesses Addresses: 379
PO Box Addresses: 416
Residential Addresses: 3,274

Multi-Family Addresses: 195
Single Family Addresses: 3,079

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2025, Maps updated: May 1, 2024.

Ely, MN 55731 Data & Demographics (As of July 1, 2025)

POPULATION
Total Population	5,504 (100%)
Population in Households	5,220 (94.8%)
Population in Families	3,611 (65.6%)
Population in Group Quarters¹	284 ( 5.2%)
Population Density	12
Diversity Index²	20


INCOME
Median Household Income	$64,021
Average Household Income	$78,592
% of Income for Mortgage⁴	26%
Per Capita Income	$38,825
Wealth Index⁵	68
Socioeconomic Status Index⁶	Moderate (55.7)

HOUSING
Total HU (Housing Units)	4,875 (100%)
Owner Occupied HU	2,036 (41.8%)
Renter Occupied HU	675 (13.8%)
Vacant Housing Units	2,164 (44.4%)
Median Home Value	$269,626
Average Home Value	$319,896
Housing Affordability Index³	84

HOUSEHOLDS
Total Households	2,711
Average Household Size	1.93
Family Households	1,373
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.

Ely, MN 55731 - Peer Comparisons by Rank and Percentile

The table below compares 55731 to the other 882 ZIP Codes in Minnesota by rank and percentile using July 1, 2025 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.

GROWTH RATE / YEAR	2020-2025	2025-2030
Population	0.10%	-0.12%
Households	0.08%	-0.10%
Families		-0.04%
Median Household Income		1.86%
Per Capita Income		1.50%
Owner Occupied HU		0.32%

Variable Description	Rank	Percentile
Total Population	# 241	73rd
Population Density	# 630	29th
Median Household Income	# 772	13th
Housing Affordability Index	# 270	31st
Per Capita Income	# 524	41st
Diversity Index	# 476	46th

55731 ZIP Code Profile, Map, Data & Demographics

ZIP Code 55731: Basic Data & USPS Preferred City Name

Ely, MN 55731 Data & Demographics (As of July 1, 2025)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Ely, MN 55731 - Peer Comparisons by Rank and Percentile

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