Elk River is a city in Minnesota state in USA with a population of 24894 residents.. The poverty rate of Elk River is 3.9%, which is 72% lower than national average. The typical household in Elk River earns $87755 a year, compared to the national median of $67,500. Nearly 25.4% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Elk River, only 95% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Elk River remained 2.6%, which is 45% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Elk River, only 25% of adults have a bachelor's degree and 42% have some college but no degree.

Cost of living in Elk River is 106, which is 6% higher than national average. Median home value in Elk River is $243500 , which is 6% higher than national average. While median income in Elk River remained $87755, which is 30% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.