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The total population of Elbow Lake is estimated to be 1,125 with 578 males (51.38%) and 547 females (48.62%). There are 31 less females than males in Elbow Lake.
The median household income in Elbow Lake was $50,836 in 2021, which marked an a decrease of 9,598(15.88%) from $60,434 in 2020. This income is 68.14% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Elbow Lake sees its highest median household income among householders in the age group of 45 to 64 years old, at $65,305. Overall, the median household income for the city of Elbow Lake stands at $50,836.
In Elbow Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $37,329 for males and $28,655 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,689 for males and $39,391 for females.
In Elbow Lake, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $51,150, while White households have a median household income of $48,522.
In 2022, the population of Elbow Lake was 1,284, a 0.47% decrease year-by-year from 2021. Previously, in 2021, Elbow Lake's population was 1,290, an increase of 1.02% compared to a population of 1,277 in 2020.
The median age in Elbow Lake, MN is 40.9, as per 2021 ACS 5-Year Estimates. Of the total population, 19.04% were under the age of 15, 16.65% aged 15 to 29, 43.31% aged 30 to 64, 17.63% aged 65 to 84, and 3.37% were 85 years of age and older.
Racial distribution of Elbow Lake population: 94.42% are White, 0.44% are Black or African American, 0.62% are American Indian and Alaska Native and 4.52% are multiracial.