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CITY · 2010 ACS

Elko New Market

Minnesota · 4,110 residents · 3.771 sq mi
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The short version

Elko New Market is significantly wealthier than the US average, with a median household income of $90,071. Population has grown 41% since 2009. Median home value is $287,000. At a median age of 30.4, residents skew younger than the country as a whole. Poverty is rare here, at 1.2% of residents. Households here earn about 57% more than the Minnesota median.

At a glance
Wealthier
above the US median
US median: $52,703
Younger
median age 30.4
US median: 37.2
More educated
37% hold a bachelor's degree
US average: 28%
More affordable
home values down 7%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
4,110
+41%since 2009
from 2,909 in 2009
2009 – 2025
Population density
1,090 / sq mi
+41%since 2009
from 771 / sq mi in 2009
US average: 261
Median age
30.4
−1%since 2009
from 30.7 in 2009
US average: 37.2
Population, 2009 – 2024
3K3K4K5K5K200920202024Elko New Market
20245K
200920202024
Section 02

Income & economy

Median household income
$90,071
−1%inflation adjusted, since 2009
from $89,191 in 2009
US average: $52,703
2009 – 2024
Per capita income
$31,073
−3%since 2009
from $32,194 in 2009
US average: $27,286
Households earning $100K+
63.2%
−3.6 ptssince 2009
from 66.8% in 2009
US average: 33.3%
Poverty rate
1.2%
−2.1 ptssince 2009
from 3.3% in 2009
US average: 13.8%
Income inequality (Gini)
0.283
US average: 0.461
Workforce by industry, 2010
Information12.2%
US avg: 11.5%
Other services11.3%
US avg: 7%
Retail trade10.6%
US avg: 10.9%
Public administration10%
US avg: 4.9%
Wholesale trade7.9%
US avg: 7.2%
Finance & insurance7.5%
US avg: 5.1%
Professional, scientific, technical7.2%
US avg: 4.2%
Transportation & warehousing2.2%
US avg: 3.1%
Arts, entertainment, food1.1%
US avg: 2.4%
Education & health services0.3%
US avg: 0.9%
Agriculture, forestry, fishing0%
US avg: 1.9%
Construction0%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$287,000
−7%inflation adjusted, since 2009
from $302,600 in 2009
US average: $225,659
2009 – 2024
Median gross rent
$1,094
−2%inflation adjusted, since 2009
from $1,094 in 2009
US average: $853
Owner-occupied
88.9%
−8.6 ptssince 2009
from 97.5% in 2009
6.9% rent
Vacancy rate
10.3%
+8.4 ptssince 2009
from 1.9% in 2009
US average: 12.1%
Owner cost-burdened
43.1%
+1.3 ptssince 2009
from 41.8% in 2009
US average: 30.9%
Renter cost-burdened
0.0%
−20.0 ptssince 2009
from 20.0% in 2009
US average: 46.8%
Afford Score
3.2
−6%since 2009
from 3.4 in 2009
2009 – 2024
RELATED:See current rent listings in Elko New Market on RentDataNow
Section 04

Race & ethnicity

2009
White, non-Hispanic90.8%(2,642)
Black0.7%(20)
Hispanic / Latino1.5%(43)
Asian5.3%(155)
Other1.7%(49)
Diversity Score21.5%(625)
2010
White, non-Hispanic90.8%(3,731)
Black1.6%(66)
Hispanic / Latino2.3%(96)
Asian3.1%(129)
Other2.2%(92)
Diversity Score21.9%(900)
Diversity Score
22
+2%since 2009
from 21 in 2009
2009 – 2024
Section 05

Education

Bachelor's degree or higher
36.5%
+3.5 ptssince 2009
from 33.1% in 2009
US average: 27.9%
High school or higher
97.0%
+3.5 ptssince 2009
from 93.5% in 2009
US average: 84.9%
Graduate degree
7.1%
+2.3 ptssince 2009
from 4.8% in 2009
US average: 10.2%
Section 06

Commute & transportation

Average commute
31.2 min
US average: 25.2
Drive alone to work
82.1%
+0.5 ptssince 2009
from 81.6% in 2009
US average: 76.2%
Carpooled to work
9.8%
−1.9 ptssince 2009
from 11.6% in 2009
US average: 10.4%
Public transit
0.4%
Unchangedsince 2009
from 0.4% in 2009
US average: 4.7%
Worked from home
5.4%
+1.4 ptssince 2009
from 4.0% in 2009
US average: 4.1%
Walked to work
1.5%
−0.1 ptssince 2009
from 1.6% in 2009
US average: 2.8%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.5%
No vehicle available
1.8%
+0.3 ptssince 2009
from 1.5% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
8.0%
+1.8 ptssince 2009
from 6.2% in 2009
US average: 12.9%
Management & professional
43.0%
−23.8 ptssince 2009
from 66.7% in 2009
US average: 35.2%
Section 08

People & community

Male
51.5%
Unchangedsince 2009
from 51.6% in 2009
Female
48.5%
Unchangedsince 2009
from 48.4% in 2009
Foreign born
2.6%
−2.5 ptssince 2009
from 5.1% in 2009
US average: 12.8%
Veterans
3.0%
−49.2 ptssince 2009
from 52.2% in 2009
US average: 9.9%
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Compare Elko New Market to nearby cities

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ELKO NEW MARKET VS
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ELKO NEW MARKET VS
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ELKO NEW MARKET VS
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Frequently asked

How many people live in Elko New Market, Minnesota?

Elko New Market, Minnesota has about 4,110 residents according to the 2010 American Community Survey.

What is the median household income in Elko New Market, Minnesota?

The typical household in Elko New Market, Minnesota earns about $90,071 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 $287,000, and the typical rent is about $1,094 a month.

How educated are people in Elko New Market, Minnesota?

About 36.5% 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 1.2% 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

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