Interested in purchasing investment houses in the 55731 zip code in Ely, MN?
The zip code 55731 is in both Saint Louis and Lake counties with a latitude of -91.652290000000 and longitude of 47.977240000000, is in the state of Minnesota. The average asking price of houses and condos is $262,341.00 and the average sale price was $118,041.00. this regions is classified as the Duluth - Superior metro area and is in the 218 area code. The location in degrees is 47° 58' 38.064" N, 91° 39' 8.244" W. The county F.I.P.S. is 27137. This zip code contains two cities including Ely, MN (0.27%), and Winton, MN (0.01%) The total land area is 841.7 square miles and the water area is 170.8 square miles. The elevation in this area is 1312 - 1575 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55731 is in county number 075 and is L. Sector 93, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 5,960 in 2019 and 5,820 in 2010. Of this, the break down in 2019 was 3,627 urban and 2,332 rural. This further breaks down to 3,008 males (50.5%) and 2,951 females (49.5%). The median age of residents is 57.1 years. The population of the greater Duluth, MN-WI area is 275,286. The population density (people per square mile) is 7. This zip code has a combined total of 5,248 houses and condos. There are 600 rented appartments. 20% of residents rent versus the 20% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $46,433 and the average salary is $35,766. The median household income of individuals is $38,823.00 and the average is $55,940.00. This zip code has a mean commute time to work of 15.6 minutes. The unemployment rate is 2.2%. Income earners by percent breakdown as 61.30% (Under $50,000), 29.90% ($50,000-$100,000), and 8.90% earn over $100,000. 8.5% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 77.0. The educational breakdown is 96.7% have a high school education or higher, 38.1% have a bachelor's degree or higher, and 12.9% have some kind of profesional degree.
This area has 2,856 households and the average size is 1.9 people. Individuals who are single and have never been married are 23.1%, 55.6% are now married, 2.0% are separated, 8.1% are widowed, and 11.2% are divorced. The average yearly contribution amount given by people to charity was $2,880 versus the state average of $3,948. The percent of residents who gave to charity was 25.2%.
The estimated median value of houses and condos is $196,823. The median monthly owner costs of mortgage holders was $1,273, where as the costs for those who don't have a mortgage are $536. The median number of rooms in houses and condos are 5.9 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 0.8% which equated to an average real estate tax amount payment of $1,616. In comparision, the average real estate tax percent rate in the state is 1.1% which equated to an average real estate tax amount payment in the state of $2,670. The median housing property tax percent for residents with mortgages was 0.8% which amounted to an average tax amount of $1,543. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $1,707. Reported taxable interest for persons was $1,436, dividends $4,434, capital gains +$7,694, and itemized deductions $21,370. The average earned income tax credit is $1,537. The percent of individuals that use a tax preparer is 64.2%. The total average income taxes paid by individuals was $8,049. Businesses reported an average profit of $6,885.
Ely Steak House
216 E Sheridan St, Ely, MN 55731
Sir G Italian Restaurant
520 E Sheridan St, Ely, MN 55731
Amici's Event Center
10 W Pattison St, Ely, MN 55731
Kwazy Wabbit
11 N Central Ave, Ely, MN 55731
BoatHouse Brewpub & Restaurant
47 E Sheridan St, Ely, MN 55731
Insula Restaurant
145 E Sheridan St, Ely, MN 55731
Northern Grounds
2 W Sheridan St, Ely, MN 55731
Evergreen Restaurant
400 N Pioneer Rd, Ely, MN 55731
Oriental Orchid
506 E Sheridan St, Ely, MN 55731
Breadeaux Pisa
506 E Sheridan St, Ely, MN 55731
A Taste of Ely
117 N Central Ave, Ely, MN 55731
Crapola World Headquarters
16 N 1st Ave E, Ely, MN 55731
Moose Ridge Inc
1645 N Pioneer Rd, Ely, MN 55731
Rockwood
302 E Sheridan St, Ely, MN 55731
Organic Roots
141 E Chapman St, Ely, MN 55731
Plum Bun Bakery
402 E Sheridan St Ste 100, Ely, MN 55731
Vertins Cafe
906 E Conan St, Ely, MN 55731
Gator's Grilled Cheese Emporium
955 E Sheridan St, Ely, MN 55731
Britton's Cafe Inc
5 E Chapman St, Ely, MN 55731
Front Porch Coffee & Tea Co
343 E Sheridan St, Ely, MN 55731
Hide Away Supper Club
8310 Joseph St, Babbitt, MN 55706 (14.2 miles away)
Sunset Steakhouse
1430 Bois Forte Rd Fortune Bay Resort Casino, Tower, MN 55790 (21 miles away)
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