Apartments for rent in 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.