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.
Crime
This area exhibits elevated crime rates per 100,000 residents, which may suggest it's a potentially unsafe place to reside. These rates encompass both property and violent crimes.
Eveleth, Minnesota is a small city with a population of 3,592 people. At 94%, the majority of the Eveleth population is White; this is followed by 2% American Indian and Alaskan and 0% Black. Single men and women might be happy to hear that in Eveleth, only 38% of the population is married. Not a fan of sitting in traffic during your commute to work? Eveleth offers shorter work commutes, with an average one-way commute time taking only 18 minutes, far lower than the national average of 26 minutes.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Eveleth could be a positive experience compared to other cities in Minnesota if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. Finding the best places to live in Eveleth and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes cost of living, health & safety, education and other important metrics.
With a livability score of 61/100, Eveleth is ranked #15,523 in the United States and #604 in Minnesota. If we examine each of the categories individually, we see that Eveleth ranks well for cost of living (A+) and housing (B+). Eveleth does not rank well for the following: amenities (F). It might be a smart idea to take a closer look at each category to find out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Eveleth, the unemployment rate stands at 1.46%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Eveleth has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Eveleth meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Eveleth. Everything else becomes a lot less important if it turns out that home prices in Eveleth are simply unattainable. Median real estate prices in Eveleth come in at $74,000, which is 61.4% 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 1.7, which is 43.3% 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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