City profile · Minnesota · Census ACS 2023

Elko New Market, MN

Population, income, housing, safety, climate and schools for Elko New Market - drawn straight from Census ACS, FBI UCR, NOAA, NCES, HUD and FEMA, refreshed on the 2024–2025 release cycle.

4,915
Residents
$147,381
Median income
$407,400
Median home
$1,709
Median rent (state)

Elko New Market - the verdict

Measured against every US city with at least 1,000 residents, Elko New Market lands in the 94th percentile for household income and the 99th percentile for safety. Source: Census ACS + FBI UCR.

94th
percentile, household income
78th
percentile, home value
68th
percentile, median rent
99th
percentile, safety
📝 How we sourced this

Population, income, and housing-cost figures come from the U.S. Census Bureau American Community Survey 5-year estimates (B-series tables). Crime data uses FBI UCR; climate uses NOAA Climate Normals; school counts come from NCES Common Core of Data; permits use the Census Building Permits Survey (BPS). See our methodology page for the full ETL pipeline and OMB / FIPS join keys.

Data Snapshot: Elko New Market, MN

4,915 people live in Elko New Market, Minnesota - a small town by U.S. Census Bureau ACS 2023 estimates. Median household income here is $147,381 per year, placing it in the top quartile of U.S. cities for household income, with a poverty rate of 0.0%. Home values in Elko New Market run a median of $407,400, and the median resident age is 33.9 years. About 40.4% of adults hold a bachelor's degree or higher, while 77.6% of working-age residents are in the labor force.

The Census Building Permit Survey recorded 38 residential units authorized here in 2024 (Building Boom), up 280% from five years earlier. Elko New Market reports a comparatively low crime rate: FBI UCR figures show 0.0 crimes per 100,000 residents, below the national average (reporting is voluntary across agencies, so treat this as reporting activity rather than a definitive danger score).

Minnesota tracks close to the national cost-of-living baseline: BEA Regional Price Parities 2024 puts Minnesota at 98.6 on a 100-equals-national-average scale (Near Average). A typical two-bedroom carries a HUD Fair Market Rent of $1,709 per month statewide. Statewide, average monthly utility bills in Minnesota run around $225, per EIA 2023 residential energy data. Natural-hazard exposure scores 76.6 out of 100 on FEMA's National Risk Index (High).

Population

4,915 residents

Census ACS 2023 - Minnesota

Median Household Income

$147,381 /yr

Poverty 0.0%

Cost of Living Index (state)

98.6 (US=100)

Near Average - BEA RPP 2024, Minnesota average

How does Elko New Market compare to other US cities?

Here's how Elko New Market stacks up against the full field of US cities (population 1,000+), computed live from Census and FBI data.

Household income 94% higher than other cities
Home value 78% pricier than other cities
Median rent 68% pricier than other cities
Safety 99% safer than other cities

"Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.

National percentiles can mask local variation. Looking only at Minnesota, Elko New Market ranks #6 of 229 Minnesota cities by lowest crime rate - a narrower, more locally useful cut than the national comparison above.

How we calculate these percentiles & ranks

Each percentile compares Elko New Market against every qualifying US city; each in-state rank narrows that to Minnesota only. Full formula and direction notes: methodology.

Minnesota-relative analysis

Poverty Rate places Elko New Market near the bottom of Minnesota's cities

Among the 785 Minnesota cities PlainCities tracks with reported poverty rate data, Elko New Market ranks #693 - the 0th percentile within the state. This is a different, narrower cut than the nationwide percentiles above: it compares Elko New Market only against its own state's cities, not the full US field.

Median Household Income
#22 of 775
97th percentile in Minnesota
Median Gross Rent
#1 of 785
77th percentile in Minnesota
Median Home Value
#58 of 774
93rd percentile in Minnesota
Poverty Rate
#693 of 785
0th percentile in Minnesota
Bachelor's Degree or Higher
#105 of 784
86th percentile in Minnesota

Ranked by raw value (highest first); a higher rank is not automatically "better" for every measure, see each metric's own context above. This is a comparison within Minnesota only, not a livability score. See the methodology for the source and calculation.

94thIncome percentile
99thSafety percentile

94th percentile nationally for median household income · 99th percentile for safety (lower crime rate). Source: Census ACS 2023 / FBI UCR 2023.

Elko New Market's profile vs. every US city

Income, affordability, and safety percentile

Elko New Market's percentile rank on 3 favorable-direction measures (income, affordability, safety) vs. every tracked US city -- higher on every axis is more favorable. Not a composite quality score, just the arithmetic mean of the axes shown. 3-axis radar comparing 1 series across Income, Affordability, Safety. IncomeAffordabilitySafety 73 Avg. percentile National median
Elko New Market's percentile rank on 3 favorable-direction measures (income, affordability, safety) vs. every tracked US city -- higher on every axis is more favorable. Not a composite quality score, just the arithmetic mean of the axes shown.

How Elko New Market's home value compares nationally

Median home value vs. every US city (population 1,000+)

$407,400 22nd percentile more affordable than 22% of 15,600 US cities

$0–$25,000: 5 US cities (0%). Below this entry. $25,000–$50,000: 54 US cities (0%). Below this entry. $50,000–$75,000: 352 US cities (2%). Below this entry. $75,000–$100,000: 1,086 US cities (7%). Below this entry. $100,000–$125,000: 1,516 US cities (10%). Below this entry. $125,000–$150,000: 1,170 US cities (8%). Below this entry. $150,000–$175,000: 1,278 US cities (8%). Below this entry. $175,000–$200,000: 1,229 US cities (8%). Below this entry. $200,000–$225,000: 1,035 US cities (7%). Below this entry. $225,000–$250,000: 976 US cities (6%). Below this entry. $250,000–$275,000: 754 US cities (5%). Below this entry. $275,000–$300,000: 712 US cities (5%). Below this entry. $300,000–$325,000: 521 US cities (3%). Below this entry. $325,000–$350,000: 526 US cities (3%). Below this entry. $350,000–$375,000: 465 US cities (3%). Below this entry. $375,000–$400,000: 393 US cities (3%). Below this entry. $400,000–$425,000: 317 US cities (2%). This entry sits in this band. $425,000–$450,000: 300 US cities (2%). Above this entry. $450,000–$475,000: 307 US cities (2%). Above this entry. $475,000–$500,000: 250 US cities (2%). Above this entry. $500,000–$525,000: 160 US cities (1%). Above this entry. $525,000–$550,000: 156 US cities (1%). Above this entry. $550,000–$575,000: 172 US cities (1%). Above this entry. $575,000–$600,000: 172 US cities (1%). Above this entry. $600,000–$625,000: 163 US cities (1%). Above this entry. $625,000–$650,000: 167 US cities (1%). Above this entry. $650,000–$675,000: 135 US cities (1%). Above this entry. $675,000–$700,000: 101 US cities (1%). Above this entry. $700,000–$725,000: 95 US cities (1%). Above this entry. $725,000–$750,000: 71 US cities (0%). Above this entry. $750,000–$775,000: 65 US cities (0%). Above this entry. $775,000–$800,000: 70 US cities (0%). Above this entry. $800,000–$825,000: 57 US cities (0%). Above this entry. $825,000–$850,000: 67 US cities (0%). Above this entry. $850,000–$875,000: 60 US cities (0%). Above this entry. $875,000–$900,000: 58 US cities (0%). Above this entry. $900,000–$925,000: 47 US cities (0%). Above this entry. $925,000–$950,000: 37 US cities (0%). Above this entry. $950,000–$975,000: 31 US cities (0%). Above this entry. $975,000–$1,000,000: 470 US cities (3%). Above this entry. $1,000,000–$1,025,000: 0 US cities (0%). Above this entry. Elko New Market $0 $1,025,000 every US city, bucketed by value

Each bar is a $25K-wide band; taller bars hold more US cities. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau ACS 5-Year Estimates · 2023

Income distribution context

Household income distribution - Elko New Market, MN Elko New Market, MN's reported median household income shown against the U.S. national quintile-share pattern (not Elko New Market, MN-specific quintile data). The Lorenz curve traces the national cumulative income share against cumulative population share, perfect equality is the diagonal; observed inequality bows below. $ Household Income Distribution Elko New Market, MN median $147,381/yr, vs. U.S. national quintile pattern QUINTILE SHARE OF AGGREGATE INCOME Lowest 20% 3.4% Second 20% 9.2% Middle 20% 15.1% Fourth 20% 23.2% Top 20% 49.1% LORENZ CURVE cumulative income vs. population 100% 0% 100% pop. 0%
Elko New Market, MN's median household income (Census ACS 5-year estimate) plotted against the U.S. national income-quintile distribution pattern for context; the quintile shares and Lorenz curve are national figures, not computed specifically for Elko New Market, MN. Diagonal = perfect equality.

Key socioeconomic indicators

Bachelor's degree or higher (adults 25+) 40.4%

Census ACS S1501, educational attainment

Poverty rate (households below FPL) 0.0%

Census ACS S1701, poverty status

Labor force participation (adults 16+) 77.6%

Census ACS S2301, share of working-age residents in the labor force

Population
4,915
Median Income
$147,381
Median Home Value
$407,400
Median Age
33.9
Poverty Rate
0.0%
Labor force participation
77.6%
Bachelor's Degree+
40.4%

Safety & Crime

Total Crime Rate
0.0
per 100,000 residents
Violent Crime
0.0
per 100,000 residents
Property Crime
0.0
per 100,000 residents

Reflects incidents reported to the FBI's Uniform Crime Reporting program — agency participation is voluntary and reporting completeness varies by jurisdiction and year, so this reflects reporting activity, not a definitive danger score. Not adjusted for tourism, commuter, or daytime population.

Schools

Total Schools
1
Public schools in this city

Population Change

Annual U.S. Census Bureau Population Estimates Program (PEP) estimates, 2020–2025

See the fastest-growing cities →
4,600 residents4,800 residents5,000 residents5,200 residents5,400 residents 202020212022202320242025 4,822 residents 5,300 residents ▲ +9.9%
Elko New Market's Census PEP population estimates, 2020–2025.

Housing Supply

Census Bureau Building Permits Survey (BPS) - annual residential permits authorized

📈 Building Boom
Total Permits (2024)
38
housing units authorized
Single-Family
38
detached homes
Multifamily
0
apartments & condos
Supply Intensity
7.7
permits per 1,000 residents

5-Year Permit Trend (2019–2024)

Year Total
2019 10
2020 20
2021 57
2022 30
2023 59
2024 38

Permit volume increased 280% from 2019 to 2024.

Commute Patterns

How workers travel to work, Census ACS 2023

Drive Alone
76.0%
Carpool
2.8%
Public Transit
0.0%
Walk
0.5%
Work from Home
20.3%

Based on 2,868 workers 16 and over.

Monthly Utility Costs

State-average estimates for Minnesota - EIA 2023 residential energy data

Electricity
$95
avg/month
Natural Gas
$85
avg/month
Water & Sewer
$45
avg/month
Total Utilities
$225
estimated/month

Estimates reflect Minnesota state averages. Actual costs vary by home size, usage, and local rates. Source: U.S. Energy Information Administration (EIA) 2023.

Living Costs & Risk

Cost of living is a Minnesota state average from BEA; rent and hazard risk are county-level figures from HUD and FEMA for the county Elko New Market sits in

Cost of Living Index
98.6
Near Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$1,709/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
76.6 / 100
High
FEMA NRI composite score (county)

Similar Cities in Minnesota

Luverne
4,907 people
Lindstrom
4,933 people
Becker
4,958 people
Circle Pines
4,980 people
Princeton
4,988 people
Lake City
5,021 people

Cities of a Similar Size Nationwide

Population-matched peers from other states, closest to Elko New Market's 4,915 residents (Census ACS 5-Year 2023).

Sparta, TN
4,915 people
Demarest, NJ
4,916 people
Shenandoah, IA
4,913 people
Edwardsville, PA
4,917 people
Tara Hills, CA
4,912 people
Nashville, GA
4,918 people

Cities with a Similar Household Income Nationwide

Median-household-income-matched peers from other states, closest to Elko New Market's $147,381 (Census ACS 5-Year 2023, table B19013).

Mequon, WI
$147,391 median income
Sleepy Hollow, IL
$147,407 median income
Lazy Acres, CO
$147,344 median income
Timberwood Park, TX
$147,471 median income
Springs, NY
$147,277 median income
Watson, LA
$147,500 median income

Race & Ethnicity Composition

Race and ethnicity - Elko New Market, MN Race categories sum to one hundred percent per Census methodology. Hispanic or Latino is shown separately as an ethnicity overlay; it cuts across all race categories per OMB Directive 15. Race & Ethnicity Composition Elko New Market, MN - Census ACS, OMB race + ethnicity categories RACE, sums to 100% 83.8% 6.7% 6.7% ETHNICITY, Hispanic or Latino (any race) 4.9% White 83.8% Black or African American 6.7% Asian 1.4% American Indian 0.0% Native Hawaiian 0.0% Some other race 1.3% Two or more races 6.7% Per OMB Directive 15: Hispanic/Latino ethnicity is reported separately from the race categories.
Race categories sum to 100%. Hispanic or Latino ethnicity is reported separately and cuts across race per Census/OMB methodology.

City-level race and ethnicity, Census ACS 5-year 2023 (tables B02001, B03001), OMB Directive 15 categories.

How Elko New Market compares to nearby Minnesota cities

Population + median household income, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).

City Population Median Household Income
Elko New Market (this city) 4,915 $147,381
Luverne 4,907 $66,145
Lindstrom 4,933 $99,844
Becker 4,958 $90,188
Census ACS 5-year FIPS MN FBI UCR NCES CCD Census BPS 2024 OMB Bulletin 23-01

What do people ask about Elko New Market, MN?

What is the population of Elko New Market, MN? +

4,915 people live in Elko New Market, MN according to U.S. Census Bureau ACS 2023 estimates.

What is the median household income in Elko New Market, MN? +

The median household income in Elko New Market is $147,381 per year, based on Census ACS 2023 data.

What is the cost of living in Elko New Market? +

BEA does not publish a city-level cost-of-living figure for Elko New Market; the closest available measure is the Minnesota state average, a cost of living index of 98.6 (U.S. average = 100), rated "Near Average" based on BEA Regional Price Parities 2024 data. Costs within Minnesota vary by metro area.

Is Elko New Market, MN safe? +

Elko New Market has a total crime rate of 0.0 per 100,000 residents, which is below the national average. This reflects incidents reported to the FBI UCR program, not a definitive safety score -- agency reporting is voluntary and completeness varies by jurisdiction.

What is the median home value in Elko New Market, MN? +

The median home value in Elko New Market is $407,400, according to Census ACS 2023 estimates.

Source: U.S. Census Bureau ACS 5-Year 2023, FBI UCR, NCES CCD, Census BPS 2024, Census ACS B08301/B08136, U.S. Energy Information Administration (EIA) 2023, BEA Regional Price Parities 2024, HUD Fair Market Rents 2026, FEMA National Risk Index.

Read our methodology - how this data is sourced, computed, and verified.

Primary sources: Census ACS, FBI UCR, NOAA Climate Normals, NCES.

Citation & verification links Data sourced from the U.S. Census Bureau. See our methodology for details. Retrieved and formatted by PlainCities

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Every figure on PlainCities is rendered directly from Census ACS source data, no number is typed in by an editor. This page draws directly on Census ACS source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.