Pros and Cons of Living In Elk River, Minnesota. Is Elk River, MN a Nice Place To Live or Retire?

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Elk River, Minnesota

Moving to Elk River In Minnesota ? Is Elk River, MN a Nice Place To Live? Pros and Cons of Living in Elk River, Minnesota. Find out the best and worst about to live, raise a family or retire in Elk River.

DEMOGRAPHICS

Population
24894
Unemployment
2.6%
45% NAT AVG.
Poverty
3.9%
72% NAT AVG.
Cost Of Living
106
6% NAT AVG.

ECONOMICS

Median Home Cost
$243500
6% NAT AVG.
Median Income
$87755
30% NAT AVG.
Median Rent
$1040
10% NAT AVG.
Overall Score
9

CRIME REPORT

Total Crime
468
22% NAT. AVG.
24% STATE AVG.
Violent Crime
24
76% NAT. AVG.
66% STATE AVG.
Property Crime
444
11% NAT. AVG.
18% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 26
Unemployed People
1 in 38
People Earning < $10,000
1 in 63
People Earning < $50,000
25.4%
People With Any Degree
1 in 2.4

ETHNICITY

Ethnicity Elk River USA
White 88% 60.1%
African American 2.9% 12.2%
American Indian 0.2% 0.6%
Asian 1.2% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.2% 2.8%
Hispanic 4.3% 18.2%
Other 1.3% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Elk River USA
Less than $10,000 1.6% 5.8%
$10,000 to $14,999 0.4% 4.1%
$15,000 to $24,999 5.1% 8.5%
$25,000 to $34,999 6.5% 8.6%
$35,000 to $49,999 11.8% 12.0%
$50,000 to $74,999 19.3% 17.2%
$75,000 to $99,999 12.5% 12.8%
$100,000 to $149,999 28.4% 15.6%
$150,000 to $199,999 8.9% 7.1%

EDUCATION

Education Elk River USA
< 9th Grade 0% 5.0%
9-12th Grade 5% 7.0%
High School or GED 28% 27.0%
Other College 26% 20.0%
Associate's Degree 16% 9%
Bachelor's Degree 18% 20.0%
Master's Degree 5% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 1% 1.0%
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. The unemployment rate of Elk River remained 2.6%, which is 45% lower than national rate.

Cost of living in Elk River is 106, which is 6% higher than national average. In Elk River, only 25% of adults have a bachelor's degree and 42% have some college but no degree. 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.
Elk River Scorecard

Jobs90%

Housing80%

Affordability85%

Safety80%

Amenities80%

Diversity60%

Education80%

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