Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Located in the state of Minnesota, Eveleth is a smaller city with a population of 3,682 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (94% White). Given that fact, Eveleth could be considered less diverse than other cities. Eveleth is not known to have a high population (over 15 years old) of married people. At only 38% married, this city falls well below the national average. If you're not a fan of traffic congestion and long commute times to work, Eveleth is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 18 minutes, significantly lower than the national average of 26 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Eveleth, Minnesota could be a fulfilling experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like amenities, crime, cost of living, education, housing and other key data points, finding the best places to live in Eveleth and in the areas around Eveleth is a much easier task.
With a livability score of 61/100, Eveleth is ranked #16,376 in the United States and #648 in Minnesota. For each of the livability categories, we can establish that Eveleth ranks very well for cost of living (A+) and housing (A+). Regrettably for Eveleth, there are some categories for which it does not rank well, this includes: amenities (F) and crime (D-).
The unemployment rate in Eveleth has consistently declined over the years and currently stands well below the national average at 1.5%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Eveleth excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Eveleth. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Eveleth are affordable. Median real estate prices in Eveleth come in at $132,977, which is 60.8% lower than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Eveleth, the home price to income ratio is 2, which is 45.9% lower than the Minnesota average.
| Statistic | Eveleth | Minnesota | National |
| Average one way commute | 18min | 23min | 26min |
| Workers who drive to work | 78.3% | 78.0% | 76.4% |
| Workers who carpool | 9.2% | 8.7% | 9.3% |
| Workers who take public transit | 0.0% | 3.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 11.3% | 2.8% | 2.8% |
| Working from home | 0.7% | 5.3% | 4.6% |
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