Ely, NV
Population 3,941 · Nevada
About Ely, NV
Ely is a small town located in Nevada with a population of 3,941 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,389 per year, which is 15% above the national median of $75,149. The median age of 41.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Ely features a median home value of $201,500, which is 18% below the national median of $244,900. This positions Ely in a moderately priced market relative to the rest of the country. Median monthly rent is $900, 23% below the national average of $1,163/month. Of the 2,141 total housing units, 70% are owner-occupied (1,267 units) and 30% are renter-occupied (531 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ely shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 10.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ely have an average one-way commute time of 14.9 minutes, one of the shorter commutes in the region.
Education & Demographics
18.4% of Ely 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 5.9% White, 8.6% Hispanic or Latino, 4.1% Black or African American, and 6.1% Asian residents, with 0.8% of the population being foreign-born.
How Ely Ranks in Nevada
Cost of Living in Ely, NV
Compared to national averages, Ely has a median household income of $86,389 (15% above the national median of $75,149). Home values average $201,500, which is 18% below the national median. Monthly rent at $900 is 23% below the US average of $1,163. Within Nevada, Ely's income is 6% above the state average of $81,841, and home values are 54% below the state median of $433,389.
Why Live in Ely, NV?
Ely offers a strong local economy with a median household income of $86,389, well above the national average, and affordable housing with a median home value of $201,500, below the US average of $244,900, and rent that’s lower than the national average at $900/month. Additionally, the city features a low poverty rate of 10.0%, better than the national average, and short commute times averaging just 14.9 minutes.
Ely has a population of 3,941 with a median age of 41.8 years. Compare Ely with other cities to see how it stacks up, or explore all cities in Nevada.
Similar Cities Near Ely
Cities in Nevada with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Battle Mountain | 3,957 | $78,149 | $205,500 | Compare |
| Lemmon Valley | 4,385 | $91,132 | $356,700 | Compare |
| Washoe Valley | 3,404 | $111,371 | $566,600 | Compare |
| West Wendover | 4,507 | $47,394 | $0 | Compare |
| Minden | 3,309 | $86,806 | $524,500 | Compare |
| Yerington | 3,139 | $44,974 | $254,600 | Compare |
| Nellis AFB | 4,755 | $67,036 | $0 | Compare |
| Hawthorne | 2,876 | $54,604 | $187,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nevada
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Ely With Other Cities
Frequently Asked Questions about Ely
What is the population of Ely, NV?
The population of Ely, NV is 3,941 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Nevada.
What is the median household income in Ely?
The median household income in Ely, NV is $86,389 per year, which is 15% above the national median of $75,149.
What is the median home value in Ely?
The median home value in Ely, NV is $201,500, which is 18% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ely?
The median monthly rent in Ely, NV is $900, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Ely?
The unemployment rate in Ely, NV is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Ely, NV a good place to live?
Ely offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 3,941 and a median age of 41.8, the city appeals to a broad range of residents.
How educated is Ely, NV?
18.4% of residents in Ely 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 Ely?
Key cost-of-living indicators for Ely, NV: median home value is $201,500 (18% below national), median rent is $900/month, and median household income is $86,389. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Ely?
The poverty rate in Ely, NV is 10.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ely, NV?
Ely's population is 5.9% White, 8.6% Hispanic or Latino, 4.1% Black or African American, 6.1% Asian, and 1.4% two or more races. 0.8% of residents are foreign-born.