Elko New Market, MN Profile: Facts & Data

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Elko New Market, Minnesota - Basic Facts

The City of Elko New Market had a population of 4,850 as of July 1, 2018. 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.

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

Jump to... (On This Page!)
  1. Elko New Market 2018 Demographic Data
  2. Growth Rates for Elko New Market (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2018 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2018, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Elko New Market, MN Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 4,850
Population in Households 4,839
Population in Familes 4,389
Population in Group Qrtrs 11
Population Density2 1,446
Diversity Index3 21
 

INCOME

Median Household Income $103,737
Average Household Income $122,192
Per Capita Income $38,249

HOUSING

Total Housing Units 1,486 (100%)
Owner Occupied HU 1,362 (91.7%)
Renter Occupied HU 114 ( 7.7%)
Vacant Housing Units 10 ( 0.7%)
Median Home Value $315,239
Average Home Value $347,340
 

HOUSEHOLDS

Total Households 1,476
Average Household Size 3.28
Family Households 1,236
Average Family Size 4
NOTES
  1. Demographics are point estimates for July 1st of the current year and each for the forecast years. See References for more information.
  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

2010-2018 2018-2023
Population 2.03% 1.92%
Households 1.95% 1.89%
Families 1.83% 1.84%
Median Household Income   1.03%
Per Capita Income   2.52%

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, 2018 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 # 151 83rd
Population Density # 153 83rd
Diversity Index # 273 70th
Median Household Income # 34 96th
Per Capita Income # 116 87th

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

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