Personal loans in Ely, MN

The Census counts 3,223 people in Ely, the 206th-largest figure among Minnesota's 853 places. Every figure below is Minnesota's own, applied to Ely's 3,223 residents, with the publisher and retrieval date attached. Ely shed about 1.3% of its population between the 2020 base and the 2023 estimate. Borrowers who want a bigger city can look to Virginia, MN about 41 miles away.

What the Census records for Ely

Only a few things actually differ by place — population, area, location, and the Minnesota rules a lender must follow — and they are below.

• Population: about 3,223 people live here, which puts Ely 206th of 853 Census places in Minnesota (Vintage 2023).
• Population trend: The 2020-to-2023 change is negative, near 1.3%.
• Absolute change: 43 residents lost between 2020 and 2023.
• Size percentile: roughly 76% of Minnesota's places have fewer residents than Ely's 3,223.
• Population density: about 1,102 people per square mile across 2.9 square miles of land (Census Gazetteer area, Vintage 2023 population).
• Land area rank: Ely's 2.9 square miles rank 257th of 853 places in Minnesota.
• Share of state population: Ely's 3,223 residents are about 0.1% of Minnesota.
• Nationally: Ely is the 6,052nd-largest of 19,457 Census places in the dataset.
• Growth in Minnesota: Ely stands 521st by percentage change from 2020 to 2023, among 853 places.
• Against the state trend: Ely's 1.3% change compares with a Minnesota average of +0.1% across its 853 places.
• Density rank: Ely is the 236th most densely settled place in Minnesota.
• Against the state median: Ely runs about 1,102 residents per square mile, where the Minnesota median is 607.
• Location: 47.9056, -91.8507 (Census Gazetteer coordinates).
• Nearest larger cities: Virginia (41 mi); Eveleth (44 mi); Chisholm (56 mi); Two Harbors (61 mi); Hibbing (62 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Smaller towns nearby: Winton (3 mi); Babbitt (18 mi); Tower (21 mi).
• Smaller neighbours: 14 places smaller than Ely sit within 50 miles.
• At 100 miles: 12 larger Census places fall inside that radius.

What Minnesota law requires in Ely

Every row below records a Minnesota rule, its publisher and its retrieval date — the same rules a Ely lender must follow.

How Ely compares across Minnesota

Set beside Minnesota's 853 places, Ely ranks 206th by population and holds about 0.1% of the state total. Its 2020-to-2023 change ranks 521st of 853 Minnesota places, putting it near the 39th percentile for growth. At about 1,102 people per square mile, Ely is the 236th most densely settled place in Minnesota. By land area, its 2.9 square miles rank 257th of 853 places in Minnesota.

Borrowing reach in Ely

With about 1,102 residents per square mile, Ely is moderately settled, and 2 larger Census places sit within 50 miles. What is available to Ely's 3,223 borrowers is set by Minnesota licensing and your own credit, not by how many branches are nearby. For a larger market, the closest option is Virginia, MN about 41 miles away.

Ely: area, density and distance

Ely's land area is roughly 2.9 square miles, and the Gazetteer records no significant water area within it. Spread across it are roughly 1,102 residents per square mile. The state's population centre of gravity, Minneapolis, is roughly 214 miles away. Ely has 2 larger places within a 50-mile radius. By land area it ranks 257th of 853 Minnesota places.

Inside a Ely personal loan

A Ely personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 3,223 residents. Federal Truth in Lending rules require a Ely lender to disclose the APR and finance charge before you sign. A longer term lowers the monthly payment on a Ely loan but raises total interest, so the smallest payment is not the cheapest loan.