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Useful Statistics for businesses looking for office space in Elk River
  Elk River MN State
2020 Estimated Population 24,894 5,600,166
Median Age 35.5 38.1
Occupied 6,655 1,588,611
Owned 19,888 4,093,039
Rented 3,991 1,312,117
Average Household Size 2.83 2.48
Rental Vacancies 0 27,736
Homeowner Vacancies 8 12,744
Median Home Value $243,500 $235,700
Median Monthly Rental Cost $1,040 $1,010
Median Household Income $40,173 $37,320
Individuals below poverty level 662 330,857
Educational Attainment: High school graduate 4,584 921,198
Educational Attainment: Some College 6,940 1,230,334
Educational Attainment: Bachelor degree or higher 2,914 919,059
Commute 11,406 2,441,566
Commute by car, truck or other vehicle - Drive Alone 10,468 2,205,517
Commute by car, truck or other vehicle - Carpool 938 236,049
Use Public Transportation 201 93,692
Work from Home 1,016 248,449
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