exalted vs elevated

exalted is not a noun while elevated is a noun.

Word	Noun	Adjective	Verb	Adverb
exalted	No	Yes	No	No
elevated	Yes	Yes	No	No

As adjectives, exalted and elevated are synonyms defined as:

exalted and elevated: of high moral or intellectual value; elevated in nature or style

Other synonyms of exalted include grand, high-flown, high-minded, idealistic, lofty, noble-minded, rarefied, rarified, sublime.

exalted (noun)	elevated (noun)
	a railway that is powered by electricity and that runs on a track that is raised above the street level

exalted (adjective)	elevated (adjective)
of high moral or intellectual value; elevated in nature or style	increased in amount or degree
	of high moral or intellectual value; elevated in nature or style
	raised above the ground