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Elk River city, Minnesota Demographics & Population 2026

As of 2026, Elk River city, Minnesota has a total population of 26,367, the 40th largest city in Minnesota, with a median household income of $99,457, which is 14% higher than the state average. The poverty rate is 3.2%.

Key Takeaways

Elk River city Quick Facts

Population 26,367
Median Household Income $99,457
Median Home Value $338,300
Poverty Rate 3.2%
Unemployment Rate 2.7%
Median Age 37.3 years
Homeownership Rate 80.0%
Affordability Ratio 3.4x
Bachelor's Degree or Higher 30.8%
High School Graduation Rate 93.8%
Diversity Index 31/100
Population 26,367 40th of 913
Median Income $99,457 top 20%
Poverty Rate 3.2% 74% lower national
Median Home Value $338,300 top 20%

How Elk River city Compares

Economy & Housing

Employment

2.7% Unemployment Rate State: 3.9% | National: 5.2%
70.7% Labor Force Participation

Housing Overview

Owner 80.0%
Renter 20.0%
Affordability Index Affordable
3.4x home value to income ratio

People & Demographics

Diversity Index

31out of 100
Low Diversity

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

State average: 40 | National average: 60

Education

Elk River city Rankings in Minnesota

#40 Population of 913
#131 Median Income of 913
#212 Education of 913
#110 Home Value of 913

Other Cities in Sherburne County

CityPopulationMedian IncomePovertyHome Value
Big Lake city 12,115 $113,333 5.1% $291,700
Zimmerman city 6,410 $86,169 11.8% $284,600
Princeton city 4,988 $52,450 9.2% $212,200
Clear Lake city 621 $105,000 2.8% $255,800

Cities Similar to Elk River city

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Shoreview city26,724$109,399$365,10063.1%5.5%
Owatonna city26,462$81,276$234,60032.3%8.2%
Oakdale city28,109$90,379$305,90033.6%6.0%
Chaska city28,146$110,000$379,40046.7%4.9%
Ramsey city28,070$112,060$345,00032.9%3.7%

Population Overview

Elk River city is a mid-sized community located in Minnesota, within Sherburne County. The total population is 26,367. It ranks as the 40th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Elk River city is 37.3 years. This is 3% lower than the state median of 38.6 years.

Economy, Income & Housing

The median household income in Elk River city is $99,457. This is 14% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 27% higher. The poverty rate stands at 3.2%. This is 65% lower than the state poverty rate of 9.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.7%. This is 32% lower than the state rate of 3.9%. The median home value is $338,300. Housing costs are 11% higher than the state median of $305,500. The home-value-to-income ratio is 3.4x. 80.0% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 72.4%.

Race & Ethnicity

The largest racial or ethnic group in Elk River city is White (non-Hispanic), making up 82.4% of the population. Black or African American residents account for 5.6%. The Asian population (1.1%) is well below the state average of 5.0%.

Education

30.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 21% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.8%.

Data Sources & Methodology

All demographic data for Elk River city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Elk River city, Minnesota?

Elk River city, Minnesota has a population of 26,367 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Elk River city, MN?

The median household income in Elk River city is $99,457, which is 27% higher the national median of $78,538.

What is the poverty rate in Elk River city, MN?

The poverty rate in Elk River city is 3.2%. This means approximately 823 residents live below the federal poverty line.

What is the racial makeup of Elk River city, Minnesota?

Elk River city's population is 82.4% White, 5.6% Black, 3.8% Hispanic/Latino, and 1.1% Asian.

What is the median home value in Elk River city, MN?

The median home value in Elk River city is $338,300. The home-value-to-income ratio is 3.4x.

How educated is Elk River city, Minnesota?

30.8% of adults (25+) in Elk River city hold a bachelor's degree or higher, and 7.4% hold a graduate or professional degree.