The median income of Elbow Lake residents was $30,040 per year, adjusted for inflation. It had 612 households with a population of 1,278.
The city with the highest median resident income in the state was Woodland with $75,000 per year after adjusting for inflation – $44,960 more than Elbow Lake. It had 159 households with a population of 407.
The city with the lowest median resident income in the state was Kinbrae with $2,499 per year after adjusting for inflation – $27,541 less than Elbow Lake. It had 3 households with a population of 8.
Top 100 cities by earnings per resident (2018)
| Rank | City | Earnings per resident |
|---|---|---|
| 1 | Woodland | $75,000 |
| 2 | Minnetonka Beach | $68,667 |
| 3 | Deephaven | $64,774 |
| 4 | Minnetrista | $63,761 |
| 5 | Dellwood | $62,750 |
| 6 | Medina | $62,375 |
| 7 | Greenwood | $61,250 |
| 8 | North Oaks | $59,536 |
| 9 | Orono | $58,956 |
| 10 | Elko New Market | $56,526 |
| 11 | Johnson | $56,250 |
| 12 | Victoria | $55,682 |
| 13 | Tonka Bay | $54,167 |
| 14 | Shorewood | $53,089 |
| 15 | Mendota Heights | $53,001 |
| 16 | Woodbury | $52,703 |
| 17 | Oronoco | $52,057 |
| 18 | Chanhassen | $51,527 |
| 19 | Eden Prairie | $51,403 |
| 20 | Rogers | $51,223 |
| 21 | Edina | $50,974 |
| 22 | Maple Grove | $50,900 |
| 23 | Carver | $50,323 |
| 24 | Lilydale | $49,848 |
| 25 | Hanover | $49,792 |
| 26 | Greenfield | $49,676 |
| 27 | Centerville | $49,458 |
| 28 | Corcoran | $49,252 |
| 29 | Sunfish Lake | $48,958 |
| 30 | Plymouth | $48,479 |
| 31 | Lakeville | $48,285 |
| 32 | Mahtomedi | $47,912 |
| 33 | Grant | $47,555 |
| 34 | Roy Lake | $47,500 |
| 35 | Minnetonka | $47,167 |
| 36 | Afton | $47,009 |
| 37 | St. Bonifacius | $46,899 |
| 38 | Medicine Lake | $46,591 |
| 39 | Byron | $46,510 |
| 40 | St. Vincent | $46,250 |
| 41 | Otsego | $46,166 |
| 42 | Prior Lake | $45,952 |
| 43 | Wayzata | $45,893 |
| 43 | Marine on St. Croix | $45,893 |
| 45 | Golden Valley | $45,867 |
| 46 | Shoreview | $45,861 |
| 47 | Eagan | $45,661 |
| 48 | Gem Lake | $45,625 |
| 49 | Rosemount | $45,516 |
| 50 | Savage | $45,415 |
| 51 | Dundas | $45,370 |
| 52 | St. Louis Park | $45,342 |
| 53 | Cologne | $45,305 |
| 54 | Andover | $45,258 |
| 55 | Waconia | $44,990 |
| 56 | Lino Lakes | $44,723 |
| 57 | Oak Grove | $44,488 |
| 58 | Independence | $44,357 |
| 59 | Circle Pines | $44,090 |
| 60 | Loretto | $43,798 |
| 61 | Nowthen | $43,750 |
| 61 | Cedar Mills | $43,750 |
| 63 | Albertville | $43,732 |
| 64 | Lake Elmo | $43,562 |
| 65 | Hugo | $43,561 |
| 66 | Farmington | $43,538 |
| 67 | Birchwood Village | $43,482 |
| 68 | Champlin | $43,336 |
| 69 | Watertown | $43,281 |
| 70 | Long Lake | $43,250 |
| 71 | Mound | $43,220 |
| 72 | Lakeland | $43,201 |
| 73 | Cottage Grove | $42,761 |
| 74 | St. Michael | $42,746 |
| 75 | Ramsey | $42,566 |
| 76 | Comstock | $42,500 |
| 76 | Arco | $42,500 |
| 78 | Chaska | $42,440 |
| 79 | Vadnais Heights | $42,380 |
| 80 | Ham Lake | $42,300 |
| 81 | Clear Lake | $42,267 |
| 82 | Dayton | $41,993 |
| 83 | Bethel | $41,923 |
| 84 | Fish Lake | $41,875 |
| 84 | Manchester | $41,875 |
| 86 | Scandia | $41,438 |
| 87 | East Bethel | $41,416 |
| 88 | Lengby | $41,250 |
| 88 | Baker | $41,250 |
| 90 | Dover | $41,212 |
| 91 | Hallock | $41,132 |
| 92 | Lonsdale | $40,958 |
| 93 | Hampton | $40,882 |
| 94 | St. Marys Point | $40,875 |
| 95 | Apple Valley | $40,862 |
| 96 | St. Rosa | $40,833 |
| 97 | Blaine | $40,729 |
| 98 | Coates | $40,724 |
| 99 | Avoca | $40,625 |
| 100 | Lindstrom | $40,604 |
* All values are inflation-adjusted
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