Elko New Market, Minnesota

US Census Bureau ACS 5-Year Estimates ยท 2022

MN

Elko New Market Demographics Overview

Total Population
4,850
ACS 2022 estimate
Median Household Income
$149,881
Annual household income
โ–ฒ 101% vs US avg
Median Home Value
$381,600
Owner-occupied homes
โ–ฒ 35% vs US avg
Median Gross Rent
$1,441
Monthly rent (incl. utilities)
โ–ฒ 24% vs US avg
Median Age
33.3 years
Median age of residents
โ–ผ 14% vs US avg

Income & Economy

Median Household Income
$149,881
US avg: $74,580
vs. National Median+101.0%

Housing

Median Home Value
$381,600
US avg: $281,900
Median Gross Rent
$1,441/mo
US avg: $1,163/mo
Rent vs. National Avg+23.9%

Population

Total Population4,850
Median Age
33.3 years
US avg: 38.9 yrs

Data Source

Data for Elko New Market comes from the US Census Bureau American Community Survey (ACS) 5-Year Estimates, covering the period 2018โ€“2022.

The ACS 5-Year estimates provide the most reliable demographic statistics available, especially for smaller communities, by pooling 5 years of survey data.

Learn more about the ACS โ†’

Elko New Market, MN โ€” Frequently Asked Questions

Common questions about Elko New Market demographics

What is the population of Elko New Market, Minnesota?

According to the US Census Bureau ACS 5-Year Estimates (2022), the population of Elko New Market, Minnesota is 4,850.

What is the median household income in Elko New Market?

The median household income in Elko New Market, Minnesota is $149,881 per year, according to the 2022 ACS 5-Year Estimates. The US national median household income is approximately $74,580.

What is the cost of living in Elko New Market?

Key cost indicators for Elko New Market, Minnesota:. Median home value: $381,600. Median gross rent: $1,441/month. Median household income: $149,881/year

What is the median home value in Elko New Market?

The median home value in Elko New Market, Minnesota is $381,600, compared to the national median of approximately $281,900.

What is the average age in Elko New Market?

The median age in Elko New Market, Minnesota is 33.3 years, compared to the US national median age of approximately 38.9 years.

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Elko New Market, MN Demographics - Population, Income & Housing (2022)