Elizabeth, MN
Population 154 · Minnesota
About Elizabeth, MN
Elizabeth is a small community located in Minnesota with a population of 154 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,500 per year, which is 17% below the national median of $75,149. The median age of 31 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Elizabeth features a median home value of $114,600, which is 53% below the national median of $244,900. This makes Elizabeth one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,333, 15% above the national average of $1,163/month. Of the 75 total housing units, 83% are owner-occupied (48 units) and 17% are renter-occupied (10 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elizabeth shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elizabeth have an average one-way commute time of 15.5 minutes, one of the shorter commutes in the region.
Education & Demographics
5.3% of Elizabeth residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 7.8% of the population being foreign-born.
Cost of Living in Elizabeth, MN
Compared to national averages, Elizabeth has a median household income of $62,500 (17% below the national median of $75,149). Home values average $114,600, which is 53% below the national median. Monthly rent at $1,333 is 15% above the US average of $1,163. Within Minnesota, Elizabeth's income is 16% below the state average of $74,221, and home values are 44% below the state median of $204,472.
Why Live in Elizabeth, MN?
Elizabeth offers affordable housing with a median home value of $114,600, below the US average of $244,900, and a strong job market with an unemployment rate of just 2.5%, and a low poverty rate of 4.5%, better than the national average. Additionally, the city features short commute times averaging just 15.5 minutes.
Potential considerations include median household income ($62,500) that falls below the national average. However, Elizabeth’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elizabeth has a population of 154 with a median age of 31 years. Compare Elizabeth with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Elizabeth
What is the population of Elizabeth, MN?
The population of Elizabeth, MN is 154 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Elizabeth?
The median household income in Elizabeth, MN is $62,500 per year, which is 17% below the national median of $75,149.
What is the median home value in Elizabeth?
The median home value in Elizabeth, MN is $114,600, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elizabeth?
The median monthly rent in Elizabeth, MN is $1,333, which is 15% above the national average of $1,163/month.
What is the unemployment rate in Elizabeth?
The unemployment rate in Elizabeth, MN is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elizabeth, MN a good place to live?
Elizabeth offers a moderate cost of living, affordable housing, and a strong job market. With a population of 154 and a median age of 31, the city appeals to young professionals and families.
How educated is Elizabeth, MN?
5.3% of residents in Elizabeth aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Elizabeth?
Key cost-of-living indicators for Elizabeth, MN: median home value is $114,600 (53% below national), median rent is $1,333/month, and median household income is $62,500. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elizabeth?
The poverty rate in Elizabeth, MN is 4.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elizabeth, MN?
Elizabeth's population is 0.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.0% two or more races. 7.8% of residents are foreign-born.