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

Population 1,915
Median Household Income $68,056
Median Home Value $160,000
Median Rent $735
Median Age 41.8
Unemployment Rate 3.1%
Poverty Rate 12.5%
Bachelor's Degree or Higher 19.9%
County Grant County
State Minnesota

ZIP 56531 vs. Minnesota vs. U.S.

MetricZIP 56531MN Avg.U.S. Avg.
Population1,9156,53110k
Median Household Income$68k$77k$73k
Median Home Value$160k$223k$258k
Median Rent$735$954$1,088
Median Age41.843.243.2
Unemployment Rate3.1%4.0%5.0%
Poverty Rate12.5%9.9%13.3%
Bachelor's Degree or Higher19.9%26.4%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

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