Elko New Market, MN 55054 ZIP Code Profile

Related Place Profiles:
Elko New Market, MN | New Market, MN

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ZIP Code 55054: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Elko New Market, MN 55054

Acceptable Alternative
Elko New Mrkt, MN 55054
New Market, MN 55054

  • ZIP Code Type: STANDARD
  • Businesses Addresses: 11
  • Single Family Addresses: 704
  • Multi-Family Addresses: 49
  • County: Scott County
  • Centroid: Latitude 44.571, Longitude -93.354
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes

Neighborhood Data

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55054 ZIP Code Map

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Elko New Market, MN 55054 Data & Demographics (As of July 1, 2016)


Total Population 1,938
Population in Households 1,934
Population in Familes 1,760
Population in Group Qrtrs 4
Population Density1 2,202
Diversity Index2 19


Total Households 614
Average Household Size 3.15
Family Households 515
Average Family Size 3


Total Housing Units 654 (100%)
Owner Occupied HU 567 (86.7%)
Renter Occupied HU 47 ( 7.2%)
Vacant Housing Units 40 ( 6.1%)
Median Home Value $308,562
Average Home Value $344,974


Median Household Income $92,515
Average Household Income $110,281
Per Capita Income $34,983
  (Compound Annual Growth Rates)


2010-2015 2015-2020
Population 1.61% 2.0%
Households 1.72% 2.0%
Families 1.65% 2.01%
Median Household Income   3.33%
Per Capita Income   2.62%
1) Population Density = Total Population per square mile.
2) The Diversity Index is a scale of 0 to 100 that represents the likelyhood 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.
Based on Census 2010 counts, the Diversity Index for the United States was 60.6 and it is expected to increase to 64.8 by July 1, 2018.

Elko New Market, MN 55054 - Peer Comparisons by Rank and Percentile

The table below compares 55054 to the other 880 ZIP Codes in Minnesota by rank and percentile using July 1, 2016 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 # 430 51st
Population Density1 # 78 91st
Diversity Index2 # 294 67th
Median Household Income # 34 96th
Per Capita Income # 140 84th

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

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