56531 ZIP Code – Elbow Lake, Minnesota
56531 is a ZIP code serving Elbow Lake, Minnesota in Grant County with a population of approximately 1,915 residents. The median household income of $68,056 is near the Minnesota average and near the national average. Homes in this ZIP code have a median value of $160,000, below the national average, with 75.2% owner-occupied housing (decreasing). , with median rent coming in at $735 — below the national figure. Housing consists of 84% single-family (decreasing), 11% apartments (increasing).
The unemployment rate is 3.1%, below the national average. An estimated 12.5% of the population falls below the poverty line, near the national figure. An estimated 19.9% of adults hold a bachelor's degree or higher, below the national average. The median age is 41.8, near the national median. The surrounding area includes ZIP codes 56311, 56590, 56309.
ZIP Code 56531 Data
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ZIP 56531 vs. Minnesota vs. U.S.
| Metric | ZIP 56531 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 1,915 | 6,531 | 10k |
| Median Household Income | $68k | $77k | $73k |
| Median Home Value | $160k | $223k | $258k |
| Median Rent | $735 | $954 | $1,088 |
| Median Age | 41.8 | 43.2 | 43.2 |
| Unemployment Rate | 3.1% | 4.0% | 5.0% |
| Poverty Rate | 12.5% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 19.9% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 56311 – Barrett
- 56590 – Wendell
- 56309 – Ashby
- 56324 – Dalton
- 56274 – Norcross
- 56339 – Hoffman
- 56326 – Evansville
- 56248 – Herman
- 56565 – Nashua
- 56315 – Brandon
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 56311 | BARRETT | 692 | $68,750 |
| 56590 | WENDELL | 368 | $69,375 |
| 56309 | ASHBY | 1,421 | $71,250 |
| 56324 | DALTON | 1,072 | $76,667 |
| 56274 | NORCROSS | 247 | $110,000 |