Elko New Market, MN 55020 ZIP Code Profile

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Elko, MN | Elko New Market, MN

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ZIP Code 55020: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Elko New Market, MN 55020

Acceptable Alternative
Elko, MN 55020
Elko New Mrkt, MN 55020

  • ZIP Code Type: STANDARD
  • County: Scott County
  • Centroid: Latitude 44.567, Longitude -93.328
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes
  • Businesses Addresses: 97
  • PO Box Addresses: 77
  • Residential Addresses: 1,292
    • Multi-Family Addresses: 0
    • Single Family Addresses: 1,292

The ZIP Code maps and database are updated 4 times per year.
Database updated: February 1, 2018, Maps updated: February 1, 2018.

EXTREMELY LOCAL Demographic Data

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55020 ZIP Code Map

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Elko New Market, MN 55020 Data & Demographics (As of July 1, 2017)


Total Population 4,518
Daytime Population: Workers 539
Daytime Population: Residents 2,152
Total Daytime Population (TDP) 2,691
Ratio TDP/Total Population1 0.60
Population in Households 4,511
Population in Familes 4,110
Population in Group Qrtrs 7
Population Density2 164
Diversity Index3 17


Median Household Income $95,848
Average Household Income $119,908
Per Capita Income $37,719


Total Housing Units 1,475 (100%)
Owner Occupied HU 1,322 (89.6%)
Renter Occupied HU 98 ( 6.6%)
Vacant Housing Units 55 ( 3.7%)
Median Home Value $337,237
Average Home Value $377,799


Total Households 1,420
Average Household Size 3.18
Family Households 1,193
Average Family Size 3
  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.


2010-2017 2017-2022
Population 1.81% 1.84%
Households 1.75% 1.83%
Families 1.7% 1.8%
Median Household Income   1.35%
Per Capita Income   2.38%

Elko New Market, MN 55020 - Peer Comparisons by Rank and Percentile

The table below compares 55020 to the other 883 ZIP Codes 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 # 268 70th
Population Density # 209 76th
Diversity Index # 350 60th
Median Household Income # 35 96th
Per Capita Income # 106 88th

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

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