Census Tract 153, Ely, Minnesota

Census Tract 153 is a Low-Income CommunityOpportunity Zone located in Ely, Minnesota.

This 2.8 square milecensus tract has a population of approximately 3,400and is one of 9 Opportunity Zones in St. Louis County.

The adjacent map shows the location of this Opportunity Zone in Minnesota.

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Census Tract 153 Demographics

The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:

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Median Household Income

$41K

This Opportunity Zone has a median household incomeof approximately $41,000, which is 45% lowerthan the median household income for the state of Minnesota of $75,000.

Poverty Rate

11%

The percentage of households below the poverty line in this Opportunity Zone is 11%, which is 2% higherthan the rate for the state of Minnesota of 9%.

Median Home Value

$102K

This Opportunity Zone has a median home valueof approximately $100,000, which is 60% lowerthan the median home value for the state of Minnesota of $250,000.

Education

95%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 95%, which is 1% higherthan the rate for the state of Minnesota of 94%.

Median Age

48

This Opportunity Zone has a median ageof approximately 48, which is 26% higherthan the median age for the state of Minnesota of 38.

Minnesota OZ Funds

There are 6QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Minnesotaas a target market. Additional OZ funds may also invest in Minnesota; see a complete list of Opportunity Zone Funds here.

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