ZIP Code 55731
Located in Ely, MN (Lake County)
ZIP Code 55731 (Ely, MN): Quick Facts & Overview
- Population: 5,361 residents (1 people per sq. mi.)
- Average House Price: $206,804
- Average Household Income: $62,008
ZIP code 55731 primarily serves Ely, MN in Lake County. An estimated 5,361 people live within this area, with about 1 residents living in every square mile.
If you are looking for a home in ZIP code 55731, the average price is around $206,804. That makes local housing 20% lower than the Minnesota average of $260,056, and 33% lower than the national average of $308,592.
The average household in 55731 earns about $62,008 a year. This income is 24% lower than the average family in Minnesota ($82,068), and 21% lower than the national average ($78,686).
Population
5,361
Median Household Income
$62,008
Median Home Value
$206,804
Median Age
60.3 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $35,223 |
| Labor Force Participation | 51.8% |
| Unemployment Rate | 2.2% |
| Average Commute Time | 15.3 mins |
Housing & Community Metrics
| Home Ownership Rate | 75.0% |
| Median Rent | $644 |
| Rent Burdened (>30% Income) | 28.0% |
| Total Housing Units | 2,881 |
Additional Census & Housing Profile
Geographic Overview
| Primary City | Ely |
| County | Lake |
| County FIPS | 27075 |
| Metro Area (CBSA) | - |
| Population Density | 1.3/sq mi |
| Coordinates (lat/lng) | 47.9883, -91.7489 |
| Timezone | America/Chicago |
Household Structure
| Average Family Size | 2.38 |
| Dual Income Families | 46.0% |
Marital Status
| Married | 47.2% |
| Never Married | 29.9% |
| Divorced | 16.3% |
| Widowed | 6.6% |
Gender
| Male | 49.9% |
| Female | 50.1% |
Health & Poverty
| Uninsured Rate (Health) | 5.7% |
| Poverty Rate | 10.1% |
Key Population Groups
| Veterans | 8.3% |
| Disabled Population | 16.1% |
| Limited English Proficiency | 1.1% |
All ZIP Codes in Ely
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 55731 Current | 5,361 | $62,008 | $206,804 |
Nearby ZIP Codes
| ZIP Code | City / State | Distance | Population |
|---|---|---|---|
| 55796 | Winton, MN | 4.7 miles | 135 |
| 55706 | Babbitt, MN | 23.7 miles | 1,703 |
| 55782 | Soudan, MN | 24 miles | 420 |
| 55607 | Isabella, MN | 26.9 miles | 192 |
| 55732 | Embarrass, MN | 30.6 miles | 1,453 |
| 55790 | Tower, MN | 31.1 miles | 1,847 |
| 55750 | Hoyt Lakes, MN | 33.5 miles | 2,068 |
| 55603 | Finland, MN | 40.1 miles | 490 |
| 55708 | Biwabik, MN | 41.9 miles | 929 |
| 55705 | Aurora, MN | 42.7 miles | 3,211 |
| 55792 | Virginia, MN | 43.3 miles | 9,663 |
| 55615 | Tofte, MN | 43.8 miles | 379 |
| 55602 | Brimson, MN | 46 miles | 346 |
| 55614 | Silver Bay, MN | 46 miles | 2,485 |
| 55613 | Schroeder, MN | 46.2 miles | 232 |
| 55741 | Gilbert, MN | 47.1 miles | 2,947 |
| 55710 | Britt, MN | 49.9 miles | 1,362 |
| 55612 | Lutsen, MN | 50.5 miles | 535 |
| 55763 | Makinen, MN | 50.5 miles | 495 |
| 55703 | Angora, MN | 50.9 miles | 906 |