Eveleth, MN
Population 3,470 · Minnesota
About Eveleth, MN
Eveleth is a small town located in Minnesota with a population of 3,470 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,721 per year, which is 36% below the national median of $75,149. The median age of 39.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Eveleth features a median home value of $91,800, which is 63% below the national median of $244,900. This makes Eveleth one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $839, 28% below the national average of $1,163/month. Of the 2,048 total housing units, 68% are owner-occupied (1,141 units) and 32% are renter-occupied (527 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Eveleth shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 19.0%, above the national average of 12.4%. Workers in Eveleth have an average one-way commute time of 22.2 minutes.
Education & Demographics
19.3% of Eveleth 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, 7.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Eveleth, MN
Compared to national averages, Eveleth has a median household income of $47,721 (36% below the national median of $75,149). Home values average $91,800, which is 63% below the national median. Monthly rent at $839 is 28% below the US average of $1,163. Within Minnesota, Eveleth's income is 36% below the state average of $74,221, and home values are 55% below the state median of $204,472.
Why Live in Eveleth, MN?
Eveleth offers affordable housing with a median home value of $91,800, below the US average of $244,900, and rent that’s lower than the national average at $839/month, and a strong job market with an unemployment rate of just 2.1%. Additionally, the city features short commute times averaging just 22.2 minutes.
Potential considerations include median household income ($47,721) that falls below the national average. However, Eveleth’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Eveleth has a population of 3,470 with a median age of 39.1 years. Compare Eveleth with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Eveleth
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Benson | 3,449 | $51,124 | $146,100 | Compare |
| Hanover | 3,495 | $147,944 | $421,700 | Compare |
| Plainview | 3,501 | $69,800 | $230,600 | Compare |
| Sleepy Eye | 3,438 | $64,811 | $138,500 | Compare |
| Breckenridge | 3,369 | $57,344 | $142,000 | Compare |
| Montgomery | 3,366 | $74,018 | $218,900 | Compare |
| Annandale | 3,365 | $50,536 | $195,100 | Compare |
| St. Augusta | 3,576 | $116,384 | $323,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Eveleth With Other Cities
Frequently Asked Questions about Eveleth
What is the population of Eveleth, MN?
The population of Eveleth, MN is 3,470 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Eveleth?
The median household income in Eveleth, MN is $47,721 per year, which is 36% below the national median of $75,149.
What is the median home value in Eveleth?
The median home value in Eveleth, MN is $91,800, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Eveleth?
The median monthly rent in Eveleth, MN is $839, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Eveleth?
The unemployment rate in Eveleth, MN is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Eveleth, MN a good place to live?
Eveleth offers a moderate cost of living, affordable housing, and a strong job market. With a population of 3,470 and a median age of 39.1, the city appeals to a broad range of residents.
How educated is Eveleth, MN?
19.3% of residents in Eveleth 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 Eveleth?
Key cost-of-living indicators for Eveleth, MN: median home value is $91,800 (63% below national), median rent is $839/month, and median household income is $47,721. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Eveleth?
The poverty rate in Eveleth, MN is 19.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Eveleth, MN?
Eveleth's population is 0.0% White, 7.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.4% two or more races. 0.0% of residents are foreign-born.