College Cost Planning in Ely, MN 2026
Estimate tuition, housing, financial aid, and payback using local planning benchmarks for Ely, Minnesota. Use the calculator to stress-test your net cost before borrowing.
Local Planning Model, Not a School Directory
DegreeCalc treats Ely as an education-cost market for tuition, rent, aid, and payback planning. We do not publish synthetic or unverified institution names on this page. Before applying, verify specific schools with NCES College Navigator, College Scorecard, official catalogs, and each school's net price calculator.
Avg Public Tuition
$14,200
per year
Avg Private Tuition
$38,000
per year
Avg Rent Near Campus
$615
per month
Local Cost Market
2
benchmark points
Ely Overview
Population
28,349
Student Population
2,573 (9.1%)
Cost of Living Index
97.2 (avg: 100)
Walk Score
40/100
Transit Score
16/100
Unemployment Rate
2.8%
College Cost Calculator for Ely
Cost Inputs
Total Cost (4 Years, Public In-State)
$111,736
Total After Financial Aid
$111,736
Annual Cost
$27,934
Annual After Aid
$27,934
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $111,736 |
| Monthly Payment | $1,269 |
| Total Interest | $40,513 |
| Total Loan Cost | $152,249 |
Education Cost Benchmarks in Ely
These are city-level planning estimates for tuition, housing, aid, and student costs. Use them for budgeting, then verify specific schools with NCES College Navigator, College Scorecard, and the institution's own net price calculator.
Institution count
2
Public tuition
$14,200
Private tuition
$38,000
Community college
$5,560
Cost of Living in Ely vs. National Average
| Category | Ely | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $14,200 | $10,940 | +$3,260 |
| Monthly Rent Near Campus | $615 | $1,050 | -$435 |
| Cost of Living Index | 97.2 | 100 | -2.799999999999997 |
Ely's cost of living is near the national average. Students can expect typical expenses comparable to most other U.S. cities.
Student Life in Ely
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
2,573 students
Ely has a total population of 28,349, with approximately 2,573 college students (9.1% of the population). Ely has a significant student presence that contributes to a diverse cultural scene with restaurants, entertainment, and networking opportunities.
Post-Graduation Outlook in Ely
$35,938
Starting Salary
2.8%
Unemployment Rate
70%
Graduation Rate
~119.1 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Ely earn a median starting salary of $35,938, which is $938 more per year the average high school graduate salary of $35,000. At the modeled net cost, the salary premium would take about 119.1 years to cover the investment. With average financial aid of $11,379 per student per year, the net cost can change materially by school and program.
Other Cities in Minnesota
Minneapolis
15 colleges · Avg tuition $15,142
St. Paul
20 colleges · Avg tuition $10,448
Rochester
8 colleges · Avg tuition $8,930
Duluth
5 colleges · Avg tuition $13,872
St. Cloud
7 colleges · Avg tuition $8,546
Moorhead
3 colleges · Avg tuition $8,982
Mankato
4 colleges · Avg tuition $9,040
Winona
2 colleges · Avg tuition $8,666
Saint Paul
11 colleges · Avg tuition $14,200
Bloomington
4 colleges · Avg tuition $14,200
Brooklyn Park
4 colleges · Avg tuition $14,200
Plymouth
4 colleges · Avg tuition $14,200
Methodology & Education Data Sources for Ely
How we compile Ely college data: Our institution profiles, tuition figures, and outcome data combine multiple federal datasets — primarily IPEDS (Integrated Postsecondary Education Data System), which all Title IV-eligible US colleges report to annually, and College Scorecard from the US Department of Education. Cost-of-attendance figures include published tuition, fees, room/board, books, and transportation per institutional reporting.
- Tuition data reflects published in-state and out-of-state rates per IPEDS for Ely institutions, updated annually.
- Acceptance rates sourced from College Scorecard (most recent reporting cycle), reflecting first-year first-time freshman admissions.
- Earnings outcomes tracked 6-10 years post-enrollment per College Scorecard, comparing earnings to high school graduates ($30,200 baseline).
- Default rates: Cohort Default Rate (CDR) from US Dept of Education tracks 3-year repayment outcomes after entering repayment.
- Local context: Ely's walk score, transit options, and cost of living affect total college expenses beyond tuition.
Authoritative US education data sources:
- IPEDS — Integrated Postsecondary Education Data — federal college data
- College Scorecard (US Dept of Education) — earnings, debt, completion
- NCES Digest of Education Statistics — education indicators
- Federal Student Aid (FAFSA) — official US student loan info
- NCES College Navigator — official institution search
- BLS Occupational Outlook Handbook — career outcomes by major
Education Disclaimer: College data reflects most recent IPEDS/Scorecard reporting (typically 1-2 year lag). Tuition can change annually. Always verify current figures with the institution's financial aid office. Use the FAFSA Estimator for personalized aid eligibility.
Reviewed by Brazora Monk · Last updated 2026 · IPEDS data current as of latest annual release
Frequently Asked Questions
How much does college cost in Ely, MN?
Average annual in-state public university tuition in Ely is $14,200. Private university tuition averages $38,000, and community college tuition averages $5,560. When room and board ($13,734/year) is included, the total annual cost at a public university is approximately $27,934.
How many local cost benchmarks are used for Ely, MN?
Ely uses approximately 2 local education-market benchmark points for tuition, housing, and student-cost planning. The city has an estimated student population of approximately 2,573, which represents 9.1% of the total population.
What is the average rent near campus in Ely?
The average rent near college campuses in Ely is approximately $615 per month. The city has a cost of living index of 97.2 (national average is 100), a walk score of 40, and a public transit score of 16. Students can save on housing by sharing apartments or living further from campus.
What is the average starting salary after college in Ely?
College graduates in Ely earn a median starting salary of $35,938. The local unemployment rate is 2.8%. With an average financial aid package of $11,379 per student and a 70% graduation rate, students should carefully plan their college journey to maximize their return on investment.
Is it worth going to college in Ely, MN?
With a median starting salary of $35,938 and an average 4-year public university cost of $111,736 (including room and board), the modeled salary premium can recoup the net investment in about 119.1 years. The 70% graduation rate underscores the importance of choosing the right program and staying on track academically.
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