Economy & Jobs — Elk River, Minnesota
Income & Employment
| Median Household Income (Census) | $108,741 |
|---|
| Estimated 2026 | ~$113,300 |
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| Per Capita Income | $47,759 |
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| Poverty Rate | 3.4% |
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| Unemployment Rate | 1.6% |
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| In Labor Force | 14,499 |
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Top Industries
| Industry | Share |
|---|
| Education Healthcare | 20.1% |
| Manufacturing | 17.9% |
| Retail | 14.0% |
Local Businesses (County)
| Type | Count |
|---|
| Real Estate Offices | 57 |
| Fast Food | 46 |
| Full Service Restaurants | 38 |
| Insurance Agencies | 37 |
| Beauty Salons | 29 |
| Auto Repair | 27 |
| Gas Stations | 26 |
| Child Day Care | 22 |
| Used Car Dealers | 18 |
| Dental Offices | 18 |
| Chiropractors | 18 |
| Fitness Centers | 15 |
| Liquor Stores | 13 |
| Commercial Banks | 13 |
| Physician Offices | 13 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
