Elko New Market, MN Profile: Facts, Map & Data

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Elko New Market, Minnesota - Basic Facts

The City of Elko New Market had a population of 4,766 as of July 1, 2017. Elko New Market ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Elko New Market is located at latitude 44.5672 and longitude -93.3383 in Scott County. The formal boundaries for the City of Elko New Market (see map below) encompass a land area of 3.36 sq. miles and a water area of 0 sq. miles. Scott County is in the Central time zone (GMT -6). The elevation is 1,142 feet.

The City of Elko New Market (GNIS ID: 2394658) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Beneath the boundary map are tables with Elko New Market population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.

Alternate Unofficial Names for Elko New Market: City of Elko New Market.


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City of Elko New Market, MN Boundary Map



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Elko New Market, MN Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 4,766
Daytime Population: Workers 550
Daytime Population: Residents 2,260
Total Daytime Population (TDP) 2,810
Ratio TDP/Total Population1 0.59
Population in Households 4,756
Population in Familes 4,326
Population in Group Qrtrs 10
Population Density2 1,421
Diversity Index3 20
 

INCOME

Median Household Income $95,559
Average Household Income $111,382
Per Capita Income $34,931

HOUSING

Total Housing Units 1,532 (100%)
Owner Occupied HU 1,340 (87.5%)
Renter Occupied HU 114 ( 7.4%)
Vacant Housing Units 78 ( 5.1%)
Median Home Value $303,659
Average Home Value $336,801
 

HOUSEHOLDS

Total Households 1,454
Average Household Size 3.27
Family Households 1,220
Average Family Size 4
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population 2.06% 1.93%
Households 2.01% 1.92%
Families 1.91% 1.89%
Median Household Income   1.38%
Per Capita Income   2.61%

Elko New Market, MN - Peer Comparisons by Rank and Percentile

The table below compares Elko New Market to the other 905 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 152 83rd
Population Density # 158 83rd
Diversity Index # 277 70th
Median Household Income # 41 96th
Per Capita Income # 158 83rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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