Elko New Market city, Minnesota
CityPopulation: 4,915 (2023 estimate)
Census Bureau data for Elko New Market city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Elko New Market city
- What is the median household income in Elko New Market city?
- The median household income in Elko New Market city is $147,381 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Elko New Market city?
- The poverty rate in Elko New Market city is 0.0% (U.S. Census Bureau ACS 2023).
- What is the median home value in Elko New Market city?
- $407,400 (U.S. Census Bureau ACS 2023).
- What is the average rent in Elko New Market city?
- The median gross rent in Elko New Market city is $2,311 per month (U.S. Census Bureau ACS 2023).
- What percentage of Elko New Market city residents have a college degree?
- 40.4% of adults in Elko New Market city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
4,915
Median Income
$147,381
Median Home Value
$407,400
Poverty Rate
0.0%
Unemployment (ACS 2023)
0.6%
Median Age
33.0 yrs
Since 2019
Median Income:
+$24,087 (+19.5%)
Home Value:
+$108,900 (+36.5%)
Bachelor's+:
-7.6 pp (-15.8%)
Unemployment:
-0.8 pp (-57.1%)
Demographics
Total Population
4,915
Median Age
33.0
Female
52.3%
Race & Ethnicity
Hispanic or Latino 4.9%
White (non-Hisp.) 80.7%
Black 6.7%
Asian 1.4%
Two or More 6.7%
Other 1.3%
Hispanic Subgroups (% of total pop.)
Mexican
2.1%
Cuban
1.1%
Puerto Rican
0.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$147,381
±$19,014
+$59,825 vs. state
Per Capita Income
$152,096
Median Family Income
$156,607
Poverty Rate
0.0%
-5.5 pp vs. state
Child Poverty Rate
0.0%
Working-Age Poverty Rate
—
SNAP Recipients
1.7%
Social Security Income
—
Retirement Income
17.5%
Household Income Distribution
$15–25k
1.4%
$25–35k
1.9%
$35–50k
4.7%
$50–75k
5.2%
$75–100k
14.1%
$100–150k
24.8%
$150–200k
21.5%
$200k+
26.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
1,682
Owner-Occupied
94.2%
Renter-Occupied
5.8%
Vacancy Rate
6.2%
Median Home Value
$407,400
+$101,900 vs. state
Median Gross Rent
$2,311
Owner Cost Burden (30%+)
12.4%
Renter Cost Burden (30%+)
33.0%
Home Value Distribution
$200–300k
13.0%
$300–500k
68.4%
$500k–$1M
17.6%
Gross Rent Distribution
$1–1.5k
22.0%
$2–2.5k
45.1%
$2.5–3.5k
33.0%
Vehicle Availability
1 vehicle
3.3%
2 vehicles
61.2%
3+
35.6%
Housing Type
Single-fam. det.
88.9%
Single-fam. att.
8.9%
5–19 units
1.0%
20+ units
1.2%
Housing Age
Pre-1940
3.7%
1940–1969
1.1%
1970–1999
8.1%
2000–2009
60.6%
2010+
14.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
95.7%
Bachelor's or Higher
40.4%
+1.6 pp vs. state
Graduate Degree
15.7%
Some College / Associate
20.4%
Less Than High School
1.1%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
78.1%
Unemployment Rate
0.6%
-3.3 pp vs. state
Work from Home
20.3%
Self-Employed
4.7%
Government Workers
15.8%
Private For-Profit
78.9%
Industry
Edu/Health
24.3%
Manufacturing
15.7%
Prof. Services
10.0%
Retail
9.6%
Public Admin
8.4%
Transportation
7.8%
Finance
6.7%
Arts/Entmt.
5.1%
Construction
3.6%
Information
2.0%
Wholesale
1.7%
Occupation
Management
47.6%
Sales
23.2%
Food Prep
16.4%
Production
9.0%
Construction
3.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
27.6 min
Drove Alone
76.0%
Carpool
2.8%
Public Transit
0.0%
Work from Home
20.3%
Walked
0.5%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
1,578
Avg. Household Size
3.00
Avg. Family Size
—
Married-Couple Households
83.9%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
48.0%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
6.5%
5–9
9.2%
10–14
7.8%
15–19
6.8%
20–24
3.4%
25–34
18.5%
35–44
14.2%
45–54
15.8%
55–64
4.4%
65–74
7.2%
75–84
5.8%
85+
0.4%
Under 18: 29.1%
Working age (18–64): 70.9%
65 and over: 6.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
5.1%
Naturalized Citizen
68.0%
Speaks English Less Than Very Well
1.5%
Foreign-Born Origin
Africa
32.8%
Asia
27.7%
Europe
20.9%
Latin America
18.6%
Veterans & Disability
Veteran
2.5%
With a Disability
6.0%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
98.1%
Uninsured
1.9%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
97.2%
Has a Computer
100.0%
Same House 1 Year Ago
92.4%
Moved from Abroad
0.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023