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Ely (zip 55731), Minnesota 0 Reviews | Leave a Comment



Pros

-Nearby outdoor recreation
-Historic preservation
-Attractive setting

Cons

-Winter climate
-Isolation
-Low job growth


What Bert Has To Say About Duluth Metro Area


Duluth is the world’s third largest inland port located about as far as possible from an ocean on the North American continent. Superior, Wisconsin, sits to the south on the other side of the harbor. Shipping, mainly grain and, to a lesser extent, iron ore, is an important part of the economy. Some of the former heavy industry is gone today but the town still retains a decidedly commercial and industrial character.

The city has taken effective steps to turn potential decay into an attractive preservation of its heritage, and downtown today is clean and interesting and in an attractive waterfront setting. Many classic industrial buildings and features have been renovated and some house entertainment and nightlife venues in a waterfront area known as Canal Park. Outdoor recreational opportunities abound in the lake and forest country to the north, and Duluth serves as a gateway to these areas. Winters are extreme and the area is far from major air transport and other services.

Duluth in total is about 20 miles long and lies at the base of a range of hills and bluffs that rise abruptly 600 feet to 800 feet above lake level. The climate is continental with significant effects from Lake Superior. Summer days are warm, sometimes with clouds from the lake, and evenings are cool. Winters are cold and bitter when the lake doesn’t moderate temperatures. The area averages 51 below-zero days a year, making it the fourth coldest in the nation. Low-pressure systems passing to the south cause easterly winds across the lake bringing significant snowfall. Easterly winds, the major weather modifier, occur almost 50% of the time in summer and up to 25% in winter. Snow is dry and persistent and ice may form in the harbor from November through April. First freeze is late September, last is mid-May.


Highlights


  • Profile: Small-port-city complex
  • Time zone: Central Standard Time
  • Elevation: 1417
  • Real Estate: For Sale  For Rent
  • City: Ely
  • Zip Codes: Ely (zip 55731)

Quick Facts About Ely


    ECONOMY
    The unemployment rate in Ely (zip 55731) is 5.70 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Ely (zip 55731) jobs have Increased by 0.39 percent.
    COST OF LIVING
    Compared to the rest of the country, Ely (zip 55731)'s cost of living is 0.50% Higher than the U.S. average.
    POPULATION
    As of 2014, Ely (zip 55731)'s population is 5,987 people. Since 2000, it has had a population growth of -4.82 percent.
    TRANSPORTATION
    Average Commute time is 15 minutes. The National Average is 25 minutes.
    REAL ESTATE
    The median home cost in Ely (zip 55731) is $160,100. Home appreciation the last year has been 2.30 percent.
    SCHOOLS
    Ely (zip 55731) public schools spend $19,373 per student. The average school expenditure in the U.S. is $12,435. There are about 17 students per teacher in Ely (zip 55731).

Best Places to Live in Ely, Minnesota



Ely Housing Market


It's a good time to buy in Ely. Home Appreciataion is up 2.3% in the last 12 months. Browse Ely Real Estate.
The median home price in Ely is $160,100. Browse Homes in this Range.
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