Elko New Market
Elko New Market is significantly wealthier than the US average, with a median household income of $152,150. Population has held roughly steady since 2023. Median home value is $433,100. At a median age of 33.7, residents skew younger than the country as a whole. Poverty is rare here, at 1.1% of residents. It ranks in the top 5% of US cities for household income.
Population & growth
PEP 2025 EST:5,300 residents (Census Bureau Vintage 2025, released March 2026)
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People & community
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How many people live in Elko New Market, Minnesota?
Elko New Market, Minnesota has about 5,002 residents according to the 2024 American Community Survey.
What is the median household income in Elko New Market, Minnesota?
The typical household in Elko New Market, Minnesota earns about $152,150 a year. Half of households make more than that, and half make less.
Is Elko New Market, Minnesota expensive?
In Elko New Market, Minnesota, the median home is worth about $433,100, and the typical rent is about $2,200 a month.
How educated are people in Elko New Market, Minnesota?
About 42.1% of adults age 25 and over in Elko New Market, Minnesota hold a bachelor's degree or higher.
What is the poverty rate in Elko New Market, Minnesota?
About 1.1% of people in Elko New Market, Minnesota live below the federal poverty line.
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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024