Elk River, MN
26,793Residents
$108,741Median household income
$1,283/moMedian gross rent
$370,100Median home value
37.2Median age
34%Adults with a bachelor’s degree or higher
79%Homes lived in by their owners
3.4×Home value to household income
Median rent takes about 14% of the median household income in Elk River.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $51,000 a year. In Minnesota that leaves roughly $3,308 a month after tax. See the full paycheck breakdown for $50,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.