55731 ZIP Code – Ely, Minnesota
55731 is a ZIP code serving Ely, Minnesota in St. Louis County with a population of approximately 5,297 residents. The median household income of $61,394 is below the Minnesota average and below the national average. Median home values of $198,500 are below the national average, with 75.0% owner-occupied housing (increasing). , with median rent coming in at $589 — well below the national figure. Housing consists of 80% single-family (decreasing), 13% apartments (increasing), 6% duplex/multi-family.
The area reports an unemployment rate of 2.3%, well below the national average. An estimated 12.0% of the population falls below the poverty line, near the national figure. Bachelor's degree attainment is 40.9%, well above the national average. At 59.8, the median age is above the national figure. The surrounding area includes ZIP codes 55796, 55706, 55782.
ZIP Code 55731 Data
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ZIP 55731 vs. Minnesota vs. U.S.
| Metric | ZIP 55731 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 5,297 | 6,531 | 10k |
| Median Household Income | $61k | $77k | $73k |
| Median Home Value | $198k | $223k | $258k |
| Median Rent | $589 | $954 | $1,088 |
| Median Age | 59.8 | 43.2 | 43.2 |
| Unemployment Rate | 2.3% | 4.0% | 5.0% |
| Poverty Rate | 12.0% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 40.9% | 26.4% | 26.9% |
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Nearby ZIP Codes
- 55796 – Winton
- 55706 – Babbitt
- 55782 – Soudan
- 55607 – Isabella
- 55732 – Embarrass
- 55790 – Tower
- 55750 – Hoyt Lakes
- 55603 – Finland
- 55708 – Biwabik
- 55705 – Aurora
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55796 | WINTON | 112 | $53,000 |
| 55706 | BABBITT | 1,716 | $56,250 |
| 55782 | SOUDAN | 431 | $55,250 |
| 55607 | ISABELLA | 245 | $61,042 |
| 55732 | EMBARRASS | 1,455 | $58,000 |