Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.3 yrs |
|---|---|
| Avg HH Size | 3.00 |
| Below Poverty | 2.0% ▼ 80% below avg |
| College Grads | 60.3% ▲ 56% above avg |
| Unemployment | 1.2% ▼ 75% below avg |
| No HS Diploma | 26 (0.6%) |
| HS Graduate | 947 (20.8%) |
| Some College | 214 (4.7%) |
| Associates | 622 (13.6%) |
| Bachelors | 952 (20.9%) |
| Graduate Degree | 1,799 (39.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $136,300 ▲ 79% above avg |
|---|---|
| Median Home Value | $432,926 ▲ 55% above avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $2,311/mo |
| Total Housing Units | 2,440 |
| Vacant Units | 122 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Elko New Market is a city in Minnesota, located in Scott County. The city spans 2 ZIP codes and is home to approximately 6,973 residents. It is a relatively young city, with a median age of 36.32 years.
Economically, Elko New Market is a upper-middle-income community. The median household income of $136,299 is significantly above the national average. Approximately 2.0% of residents live below the poverty line. The unemployment rate is 1.2%, well below the national average.
The real estate market in Elko New Market is a premium housing market. Median home values stand at $432,926, which is significantly above the national average. Renters typically pay around $2,311 per month. Homeownership is high at 95.8%, typical of suburban and family-oriented communities.
The population of Elko New Market is highly educated. 60.3% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (85.55%).
Elko New Market, MN offers residents above-average earning potential within Minnesota. Spread across 2 ZIP codes, the city's neighborhoods vary in character, density, and demographics — explore each ZIP code below for a detailed breakdown.