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All about

Elk River, MN

Elk River, a small city in Minnesota, has a population of slightly less than 24,000. Families with young children will fit right in, as kids under 5 account for an above-average percentage of the population, while young adults are less well-represented. Overall, the city's population, at an average age of just over 36, skews younger than most cities in Minnesota. Most Elk River residents own their homes, and 22% of residents rent. Relatively high rent costs could play a role, as the average rent of $1,122 per month is substantially higher than the state average of $991.

Elk River has a relatively high percentage of residents older than 25 who have a Bachelor's or Associate's degree (24%) compared to the national average (19%). Furthermore, 5% have earned a Master's degree or Doctorate. Many Elk River residents work in one of three industries: retail, healthcare, and manufacturing. Together, these industries make up 25% of the labor force in the city. Meanwhile, in terms of job function, many residents work in sales, as 10% of the city's population reports this as their field of work, the highest number of any profession. With an average annual income of around $91,000, Elk River workers earn more than their peers elsewhere in Minnesota. The city's average income also compares favorably to the national average ($73,345).

Averaging about 35 minutes, Elk River's commute time is slower than the Minnesota average of about 25 minutes. Driving a car or truck is the typical way to get to work, selected by 48% of residents, while public transit is not widely used. Not many residents commute to work on foot.

Average Rent in Elk River

Studio1 Bed2 Bed3 Bed
Dec 19$1,000$1,410$1,678$1,650
Oct 191,0001,4171,6781,650
Sep 191,0001,4151,6641,650
Aug 191,0001,3951,6251,650
Jul 199501,3951,6251,650
Jun 199501,3951,6251,650
May 199501,4791,6982,002
Apr 191,4791,7022,002
Mar 191,4791,6842,002
Feb 191,4791,6842,002
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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