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The total population of Ely is estimated to be 3,265 with 1,608 males (49.25%) and 1,657 females (50.75%). There are 49 more females than males in Ely.
The median household income in Ely was $48,365 in 2021, which marked an an increase of 6,080(14.38%) from $42,285 in 2020. This income is 64.83% 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, Ely sees its highest median household income among householders in the age group of 45 to 64 years old, at $65,530. Overall, the median household income for the city of Ely stands at $48,365.
In Ely, the median income for all workers aged 15 years and older, regardless of work hours, was $33,550 for males and $26,780 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,433 for males and $33,469 for females.
In Ely, population is primarily represented by White households, reporting a median income of $49,317.
In 2022, the population of Ely was 3,237, a 0.15% decrease year-by-year from 2021. Previously, in 2021, Ely's population was 3,242, a decline of 0.55% compared to a population of 3,260 in 2020.
The median age in Ely, MN is 52.2, as per 2021 ACS 5-Year Estimates. Of the total population, 5.03% were under the age of 15, 27.74% aged 15 to 29, 44.48% aged 30 to 64, 21.34% aged 65 to 84, and 1.40% were 85 years of age and older.
Racial distribution of Ely population: 93.63% are White, 1.34% are Black or African American, 1.19% are American Indian and Alaska Native, 1.04% are some other race and 2.80% are multiracial.