Ely, MN 55731 has a population of approximately 5,973 and experiences a population change rate of -4.65%. The population density is 7.1 / sq mi .
Ely, MN 55731 Real Estate for Sale

$175,000
1 Beds · 290 Sq. Ft.

$175,000
1 Beds · 290 Sq. Ft.
Ely, MN 55731 has a population of approximately 5,973 and experiences a population change rate of -4.65%. The population density is 7.1 / sq mi .
The median household income for Ely, MN 55731 is $54,577, with 2,703 households and an average household size of 1.85.
The median value of a home in Ely, MN 55731 is $209,500 with an appreciation rate of 13.20%. 41.50% of housing in the state is owned while 14.00% is rented.
The cost of living in Ely, MN 55731 is 85.5 %.
The unemployment rate in Ely, MN 55731 is 3.40%, and recent job growth is at 0.07%. Future job growth is projected at 30.12%.
The sales tax rate in Ely, MN 55731 is 7.38%, while the income tax rate is 6.80% .
School expenditures in Ely, MN 55731 are $16,248, and the school ratio is 15.2:1.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of -6.7 degrees. The average rainfall is approximately 29.7 inches per year, with 63.4 inches of snow per year.