Elbow Lake, Minnesota Unemployment

Elbow Lake, Minnesota has a population of 1,180, with a median household income of $54,200.

Current unemployment data for Elbow Lake.

4.40%

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Population

1,180

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Median Income

$54,200

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Unemployment

4.40%

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Housing Price

$165,000

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Crime Rate

21.50

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Internet Speed

200.00 Mbps

Elbow Lake is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Minnesota, Elbow Lake provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Elbow Lake has a population of 1,180, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Elbow Lake is $54,200, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Elbow Lake is about $165,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Elbow Lake is 4.40%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Elbow Lake are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Elbow Lake shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Elbow Lake continues to play a role in shaping regional trends in Minnesota, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Elbow Lake

What is the population of Elbow Lake?

The population of Elbow Lake is approximately 1,180.

Is Elbow Lake a good place to live?

Elbow Lake offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Elbow Lake?

The median household income in Elbow Lake is around $54,200.

How expensive is housing in Elbow Lake?

The average housing price in Elbow Lake is approximately $165,000.