United States › Minnesota › Elko New Market CITY
Elko New Market Minnesota · 5,300 residents (2025 est.) · 3.77 sq mi
Time machine
COMPARE TO 2009 ACS 2010 ACS 2011 ACS 2012 ACS 2013 ACS 2014 ACS 2015 ACS 2016 ACS 2017 ACS 2018 ACS 2019 ACS 2020 ACS 2021 ACS 2022 ACS 2023 ACS
The short version
Elko New Market is home to 5,002 people in Minnesota. Owners hold 96% of the housing stock. That is roughly 71% ahead of the Minnesota median. Households take in $152,150 a year at the median, 85% more than the country as a whole. That puts it in the top 2% of US cities for household income. This skews young, with a median age of 33.7.
At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 33.7
US median: 38.9
More educated
42% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth from 4,915 in 2023
5,300 in 2025 (Census Bureau estimate)
1,326 / sq mi
+2%since 2023
from 1,303 / sq mi in 2023
US average: 281
from 33.9 in 2023
US average: 38.9
Population, 2009 – 2024
3K 3K 4K 5K 5K 2009 2010 2020 2024 Elko New Market Age distribution, 2024
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02
Income & economy $152,150
Unchangedinflation adjusted, since 2023
from $147,381 in 2023
US average: $82,259
$52,477
Unchangedsince 2023
from $52,646 in 2023
US average: $44,673
Households earning $100K+
from 86.8% in 2023
US average: 53.3%
from 0.0% in 2023
US average: 12.5%
from 0.309 in 2023
US average: 0.476
Workforce by industry, 2024
Public administration 5.7%
Professional, scientific, technical 3.7%
Transportation & warehousing 2.2%
Education & health services 1.4%
Arts, entertainment, food 0.8%
Agriculture, forestry, fishing 0.5%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
$433,100
+3%inflation adjusted, since 2023
from $407,400 in 2023
US average: $376,019
$2,200
−8%inflation adjusted, since 2023
from $2,311 in 2023
US average: $1,442
from 94.2% in 2023
4.5% rent
from 6.2% in 2023
US average: 10.0%
from 3.11 people in 2023
US average: 2.54
from 14.5% in 2023
US average: 22.9%
from 33.0% in 2023
US average: 47.4%
from 2.8 in 2023
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Our index, 0 to 100. Higher means faster recent growth in incomes, home values, and college degrees.
Section 04
Race & ethnicity 2023
White, non-Hispanic 80.7%(3,967)
Hispanic / Latino 4.9%(240)
2024
White, non-Hispanic 78.2%(3,912)
Hispanic / Latino 5.8%(288)
from 42 in 2023
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
Section 04 · Origins
Detailed origins & ancestry Ancestry
+ 10 more ancestry groups with data from 40.4% in 2023
US average: 35.6%
High school or higher
from 95.7% in 2023
US average: 89.6%
from 15.7% in 2023
US average: 14.0%
Section 06
Commute & transportation 27.7 min
Unchangedsince 2023
from 27.6 min in 2023
US average: 26.5
from 76.0% in 2023
US average: 68.9%
from 2.8% in 2023
US average: 8.5%
from 0.0% in 2023
US average: 3.2%
from 20.3% in 2023
US average: 15.0%
from 0.5% in 2023
US average: 2.4%
from 0.0% in 2023
US average: 0.4%
from 0.0% in 2023
US average: 8.3%
Section 07
Work & employment from 0.6% in 2023
US average: 5.2%
from 78.1% in 2023
US average: 63.5%
Women 20-64 in the labor force
US average: 74.6%
from 12.3% in 2023
US average: 13.1%
from 47.6% in 2023
US average: 42.5%
Section 08
People & community from 5.1% in 2023
US average: 14.1%
from 2.5% in 2023
US average: 6.2%
from 6.0% in 2023
US average: 13.3%
from 1.9% in 2023
US average: 8.4%
from 97.2% in 2023
US average: 91.0%
Computer in household
US average: 95.5%
from 94.8% in 2023
US average: 77.7%
from 2.4% in 2023
US average: 13.6%
Marital status
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
Section 09
Health coverage from 1.9% in 2023
US average: 8.4%
Direct-purchase
US average: 13.8%
VA health care
US average: 2.2%
Any private
US average: 67.1%
Any public
US average: 36.7%
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans Veterans by period of service, 2024
Gulf War (2001 or later) 0%(0)
Gulf War (1990s) 75.4%(49)
Share of the 65 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
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Drill deeper
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Frequently asked
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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