Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Ely is a small city located in the state of Minnesota. The city has a population of 3,338 residents. At 95%, the majority of the Ely population is White; this is followed by 1% Black and 1% American Indian and Alaskan. With an average age of 52 years, Ely residents appear to be older compared to the national average. For seniors and retirees, this city presents itself as a compelling choice. Ely is not known to have a high population (over 15 years old) of married people. At only 45% married, this city falls well below the national average. If you prefer shorter commutes, living in Ely will be a delight. With an average one-way commute time of just 13 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Are you trying to figure out if living in Ely is the right fit for your lifestyle? To ensure a good experience before moving to any new city in Minnesota, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. To help you find the best places to live in and around Ely, AreaVibes has created a livability score using key metrics like amenities, crime, commute, education, housing and more.
Ely has a livability score of 73 out of 100 and is ranked #186 in Minnesota and #4,461 in the USA. For each of the livability categories, we can establish that Ely ranks very well for crime (A), cost of living (A), education (C+) and housing (A). The bad news for Ely, there are some categories for which it does not score well, this includes: amenities (F) and employment (F).
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Ely, it boasts a notably low violent crime rate of 187 crimes per 100,000 residents, which significantly outperforms the national average.
The unemployment rate in Ely has consistently declined over the years and currently stands well below the national average at 2.43%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Ely excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Ely is actually affordable. The median home price for Ely homes is $119,400, which is 37.7% lower than the Minnesota average. If we take a closer look at the affordability of homes in Ely, we’ll see that the home price to income ratio is 3.2, which is 6.7% higher than the Minnesota average.
| Statistic | Ely | Minnesota | National |
| Average one way commute | 13min | 23min | 26min |
| Workers who drive to work | 68.9% | 78.0% | 76.4% |
| Workers who carpool | 8.7% | 8.7% | 9.3% |
| Workers who take public transit | 0.0% | 3.5% | 5.1% |
| Workers who bicycle | 0.7% | 0.8% | 0.6% |
| Workers who walk | 17.5% | 2.8% | 2.8% |
| Working from home | 4.2% | 5.3% | 4.6% |
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