55731 Zip Code

April 19, 2024

Zip Code:	55731
City/Town:	Ely
State:	Minnesota

Population:	5,820
Per Capita Income:	$22,529
Mean Household Income:	$47,426

Total Housing Units:	2,856
Median Home Value:	$71,500
Median Year Homes Built:	1961

Land Area:	829.1 sq miles 2,147.5 sq kilometers
Water Area:	170.8 sq miles 442.4 sq kilometers

Population Information (55731 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

5,820

Male:

2,971

51.0%

49.2%

Female:

2,849

49.0%

50.8%

Median Age:

50.8 yrs

37.2 yrs

Under 5 years:

222

3.8%

6.5%

5 to 9 years:

237

6.5%

6.6%

10 to 19 years:

605

10.4%

13.8%

20 to 29 years:

614

10.5%

13.8%

30 to 39 years:

490

8.4%

13.0%

40 to 49 years:

672

11.5%

14.2%

50 to 59 years:

1,092

18.8%

13.6%

60 to 69 years:

920

15.8%

9.4%

70 to 79 years:

529

9.1%

5.4%

80 years and over:

439

7.5%

3.7%

Housing Information (55731 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$71,500

$119,600

Median year homes build:

1961

1971

Median real estate taxes:

$482 / yr.

$1,334 / yr.

Median rent:

$328 / mo.

$519 / mo.

Total households:

2,856

Family households:

1,571

55.0%

66.4%

Nonfamily households:

1,285

45.0%

33.6%

Households with individuals under 18 years:

486

17.0%

33.4%

Households with individuals 65 years and over:

1,000

35.0%

24.9%

Average household size:

2.0

Average family size:

2.6

Total housing units:

5,202

Occupied housing units:

2,856

54.9%

88.6%

Vacant housing units:

2,346

45.1%

11.4%

For rent:

1.8%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

1.7%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

1,952

37.5%

3.5%

All other vacants:

194

3.7%

2.8%

Homeowner vacancy rate:

4.0%

2.4%

Rental vacancy rate:

11.7%

9.2%

Owner-occupied housing units:

2,140

Population in owner-occupied housing units:

4,402

Average household size of owner-occupied units:

2.1

2.65

Renter-occupied housing units:

716

Population in renter-occupied housing units:

1,195

Average household size of renter-occupied units:

1.7

2.44

Educational Attainment (55731 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

4,431

Less than 9th grade:

133

3.0%

6.2%

9th to 12th grade, no diploma:

393

8.9%

8.7%

High school graduate (includes equivalency):

1,292

29.2%

29.0%

Some college, no degree:

1,060

23.9%

20.6%

Associate degree:

479

10.8%

7.5%

Bachelor's degree:

714

16.1%

17.6%

Graduate or professional degree:

360

8.1%

10.3%

Percent high school graduate or higher:

88.1%

85.0%

Percent bachelor's degree or higher:

24.2%

27.9%

Income Information (55731 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

2,628

45.2%

50.4%

Median income:

$21,638 / yr.

$27,932 / yr.

Full-time, year-round workers:

1,030

17.7%

59.7%

Median income:

$38,627 / yr.

$38,349 / yr.

Females 15 years and over with income:

2,448

42.1%

49.6%

Median income:

$11,625 / yr.

$16,327 / yr.

Full-time, year-round workers:

535

9.2%

40.3%

Median income:

$22,713 / yr.

$28,135 / yr.

All contents copyright © 2012-2024 TeraCodes.com. All rights reserved. This Internet site provides information of a general nature and is designed for educational purposes only. If you have any concerns please review the Terms of Use before using this site. Your use of the site indicates your agreement to be bound by the Terms of Use.

This site is published by TeraCodes, which is responsible for its contents as further described and qualified in the Privacy Policy and Terms of Use.