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Elbow Lake, Minnesota Demographics & Population 2026

Very AffordableHome value to income ratio of 2.1x is exceptionally low

During the 2020–2024 ACS period, Elbow Lake, Minnesota had a total population of 1,301, the 323rd largest city in Minnesota, with a median household income of $59,792, which is 33% lower than the state average. The poverty rate is 19.3%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Elbow Lake Quick Facts

Population 1,301
Median Household Income $59,792
Median Home Value $126,900
Poverty Rate 19.3%
Unemployment Rate 4.9%
Median Age 37.6 years
Homeownership Rate 68.7%
Affordability Ratio 2.1x
Bachelor's Degree or Higher 21.1%
High School Graduation Rate 94.8%
Diversity Index 17/100
Population 1,301 323rd of 914
Median Income $59,792 below average
Poverty Rate 19.3% 55% higher than national
Median Home Value $126,900 bottom 30%

How Elbow Lake Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,1581,301+12.3%
Median household income$56,786$59,792+5.3%
Median home value$118,900$126,900+6.7%

How Elbow Lake Compares

Economy & Housing

Household Income Distribution

Under $25K 22.6%
$25K-$50K 20.1%
$50K-$100K 31.3%
$100K+ 26.1%
Detailed income brackets
Under $10K
7.2%
$10K-$15K
3.3%
$15K-$20K
4.1%
$20K-$25K
7.9%
$25K-$30K
2.7%
$30K-$35K
8.7%
$35K-$40K
3.9%
$40K-$45K
4.8%
$45K-$50K
0.0%
$50K-$60K
7.4%
$60K-$75K
7.2%
$75K-$100K
16.6%
$100K-$125K
9.5%
$125K-$150K
5.0%
$150K-$200K
5.4%
$200K+
6.2%

Employment

4.9% Unemployment Rate State: 4.1%|National: 5.2%
59.5% Labor Force Participation

Housing Overview

Owner 68.7%
Renter 31.3%
Affordability Index Very Affordable
2.1x home value to income ratio
Median gross rent $742/mo 14.9% of median household income annually

People & Demographics

Diversity Index

17out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Elbow Lake Rankings in Minnesota

#323 Population of 914
#609 Median Income of 887
#424 Education of 914
#618 Home Value of 870

Other Cities in Grant County

CityPopulationMedian IncomePovertyHome Value
Hoffman 730 $51,500 17.0% $161,800
Herman 441 $82,917 12.9% $106,300
Ashby 394 $63,333 13.7% $154,500
Barrett 349 $60,000 7.7% $131,900
Wendell 186 $61,250 22.0% $82,500
Norcross 106 $118,056 0.0% N/A

Cities Similar to Elbow Lake

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Winnebago1,280$59,643$110,90014.1%11.1%
Dassel1,358$59,946$236,80023.0%13.3%
Menahga1,343$58,036$155,50026.1%10.1%
Red Lake Falls1,348$64,342$139,30017.9%5.9%
New York Mills1,371$56,875$166,30016.8%15.8%

Population Overview

Elbow Lake is a small community located in Minnesota, within Grant County. The total population is 1,301. It ranks as the 323rd most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Elbow Lake is 37.6 years. This is 3% lower than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Elbow Lake is $59,792. This is 33% lower than the state median of $89,062. It is also 26% lower than the national median of $80,734. The poverty rate stands at 19.3%. This is 107% higher than the state poverty rate of 9.3%. The unemployment rate is 4.9%. This is 21% higher than the state rate of 4.1%. The median home value is $126,900. Housing costs are 61% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.1x, Elbow Lake is one of the most affordable housing markets in the area. 68.7% of occupied housing units are owner-occupied. This homeownership rate is 5% lower than the state average of 72.2%.

Race & Ethnicity

Elbow Lake has a predominantly White (non-Hispanic) population, comprising 91.1% of all residents. Hispanic or Latino residents account for 2.5%. The Hispanic or Latino population (2.5%) is well below the state average of 6.4%.

Education

21.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 46% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.8%.

Data Sources & Methodology

All demographic data for Elbow Lake, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Elbow Lake, Minnesota?

Elbow Lake, Minnesota has a population of 1,301 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Elbow Lake, MN?

The median household income in Elbow Lake is $59,792, which is 26% lower than the national median of $80,734.

What is the poverty rate in Elbow Lake, MN?

The poverty rate in Elbow Lake is 19.3%. This means approximately 249 residents live below the federal poverty line.

What is the racial makeup of Elbow Lake, Minnesota?

Elbow Lake's population is 91.1% White, 0.0% Black, 2.5% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Elbow Lake, MN?

The median home value in Elbow Lake is $126,900. The home-value-to-income ratio is 2.1x.

How educated is Elbow Lake, Minnesota?

21.1% of adults (25+) in Elbow Lake hold a bachelor's degree or higher, and 6.0% hold a graduate or professional degree.