56531 Zip Code Detailed Profile

Profiles Elbow Lake, MN (56531) houses, apartments, residents, cars, jobs...

City: Elbow Lake, MN
Grant County, MN
Zip code population (2000): 2,222
Estimated population in 2005: 2,253

Age and Sex of Residents in zip code 56531

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Houses and condos: 1,122
Renter-occupied apartments: 193

% of renters here:	21%
State:	25%

2008 cost of living index in zip code 56531: 76.6 (low, U.S. average is 100)

Land area: 154.4 sq. mi.
Water area: 9.0 sq. mi.

Population density: 15 people per square mile

(very low).

Real estate property taxes paid for housing units in 2000:

This zip code:	1.4% ($820)
Minnesota:	1.1% ($1,297)

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Males: 1,063	(47.8%)
Females: 1,159	(52.2%)

White population: 2,179
Black population: 0
American Indian population: 4
Asian population: 6
Native Hawaiian and Other Pacific Islander population: 0
Some other race population: 15
Two or more races population: 18

Recent posts about zip code 56531 area on our local forum with over 400,000 registered users:

Herman MN.??? (5 replies)

100% rural population.

Estimated median house/condo value in 2005: $104,366

56531	$104,366
Minnesota:	$198,800

According to our research of public records there were no registered sex offenders living in this zip code in early 2007.

Median resident age:	39.9 years
Minnesota median age:	35.4 years

Average household size:

This zip code:	2.4 people
Minnesota:	2.5 people

Averages for the 2004 tax year for zip code 56531, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $39,177 (Individual Income Tax Returns)

Here: $39,177
State: $53,560

Salary/wage: $30,529 (reported on 80.5% of returns)

Here: $30,529
State: $46,177

(% of AGI for various income ranges: 87.7% for AGIs below $10k, 63.2% for AGIs $10k-25k, 72.3% for AGIs $25k-50k, 68.7% for AGIs $50k-75k, 63.7% for AGIs $75k-100k, 47.0% for AGIs over 100k)

Taxable interest for individuals: $1,854 (reported on 48.2% of returns)

This zip code: $1,854
Minnesota: $1,796

(% of AGI for various income ranges: 5.3% for AGIs below $10k, 4.5% for AGIs $10k-25k, 1.9% for AGIs $25k-50k, 2.1% for AGIs $50k-75k, 0.6% for AGIs $75k-100k, 2.5% for AGIs over 100k)

Taxable dividends: $1,531 (reported on 30.9% of returns)

Here: $1,531
State: $3,096

(% of AGI for various income ranges: 1.5% for AGIs below $10k, 2.7% for AGIs $10k-25k, 0.7% for AGIs $25k-50k, 0.5% for AGIs $50k-75k, 1.1% for AGIs $75k-100k, 1.6% for AGIs over 100k)

Net capital gain/loss: +$6,275 (reported on 23.8% of returns)

Here: +$6,275
State: +$10,864

(% of AGI for various income ranges: -2.2% for AGIs below $10k, 2.0% for AGIs $10k-25k, 0.4% for AGIs $25k-50k, 0.5% for AGIs $50k-75k, 2.0% for AGIs $75k-100k, 11.3% for AGIs over 100k)

Profit/loss from business: +$9,734 (reported on 21.6% of returns)

Here: +$9,734
State: +$10,442

(% of AGI for various income ranges: 6.3% for AGIs below $10k, 5.2% for AGIs $10k-25k, 4.7% for AGIs $25k-50k, 4.0% for AGIs $50k-75k, 0.9% for AGIs $75k-100k, 9.1% for AGIs over 100k)

Profit/loss from farming: +$13,830 (reported on 9.5% of returns)

Here: +$13,830
State: $-,962

(% of AGI for various income ranges: 7.7% for AGIs below $10k, -0.4% for AGIs $10k-25k, 3.4% for AGIs $25k-50k, 6.2% for AGIs $50k-75k, 4.0% for AGIs over 100k)

IRA payment deduction: $2,917 (reported on 2.4% of returns)

56531: $2,917
Minnesota: $2,955

Self-employed pension: $13,250 (reported on 1.2% of returns)

Here: $13,250
Minnesota: $12,099

Total itemized deductions: $17,808 (1% of AGI, reported on 22.1% of returns)

Here: $17,808
State: $20,035

(% of AGI for various income ranges: 12.8% for AGIs $10k-25k, 7.1% for AGIs $25k-50k, 8.2% for AGIs $50k-75k, 13.1% for AGIs $75k-100k, 12.2% for AGIs over 100k)

Charity contributions deductions: $3,146 (3.8% of AGI, reported on 19.9% of returns)

Here: $3,146
Minnesota: $3,333

Here: 3.8% of AGI
State: 3.4% of AGI

(% of AGI for various income ranges: 1.1% for AGIs $10k-25k, 1.1% for AGIs $25k-50k, 1.6% for AGIs $50k-75k, 2.6% for AGIs $75k-100k, 1.9% for AGIs over 100k)

Total tax: $5,659 (reported on 74.6% of returns)

56531: $5,659
State: $8,485

(% of AGI for various income ranges: 3.9% for AGIs below $10k, 3.8% for AGIs $10k-25k, 6.5% for AGIs $25k-50k, 9.5% for AGIs $50k-75k, 10.5% for AGIs $75k-100k, 18.9% for AGIs over 100k)

Earned income credit: $1,325 (reported on 15.8% of returns)

Here: $1,325
State: $1,523

(% of AGI for various income ranges: 4.5% for AGIs below $10k, 3.1% for AGIs $10k-25k, 0.3% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2004 taxes: 69.8%

Here: 70%
State: 59%

(% for various income ranges: 55.5% for AGIs below $10k, 69.1% for AGIs $10k-25k, 73.5% for AGIs $25k-50k, 76.6% for AGIs $50k-75k, 76.9% for AGIs $75k-100k, 91.7% for AGIs over 100k)