Elko New Market, MN

Census Place

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2024 Population
5,002
US Senator
Amy Klobuchar
Democratic(DFL) Party
US Senator
Tina Smith
Democratic(DFL) Party
2024 Median Age
33.7
0.59% 1-year decrease
2024 Poverty Rate
1.06%
2.5k% 1-year increase
2024 Median Household Income
$152,150
3.24% 1-year growth
2024 Median Property Value
$433,100
6.31% 1-year growth
2024 Employed Population
2,873
0.312% 1-year decline

About

None of the households in Elko New Market, MN reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

98.8% of the residents in Elko New Market, MN are U.S. citizens.

In 2024, the median property value in Elko New Market, MN was $433,100, and the homeownership rate was 95.5%.

Most people in Elko New Market, MN drove alone to work, and the average commute time was 27.7 minutes. The average car ownership in Elko New Market, MN was 2 cars per household.

United StatesMinnesotaScott County, MNMinneapolis-St. Paul-Bloomington, MN-WIScott County PUMA, MN

Population & Diversity

Elko New Market, MN is home to a population of 5k people, from which 98.8% are citizens. As of 2024, 5.34% of Elko New Market, MN residents were born outside of the country (267 people).

In 2024, there were 8.07 times more White (Non-Hispanic) residents (3.91k people) in Elko New Market, MN than any other race or ethnicity. There were 485 Black or African American (Non-Hispanic) and 164 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

98.8%
2024 Citizenship
98.4%
2023 Citizenship

As of 2024, 98.8% of Elko New Market, MN residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Elko New Market, MN was 98.4%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Elko New Market, MN compared to that of it's neighboring and parent geographies.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Elko New Market, MN
  1. White (Non-Hispanic)
    3.91k ± 412
  2. Black or African American (Non-Hispanic)
    485 ± 305
  3. Two Races Excluding Other, & Three or More Races (Non-Hispanic)
    164 ± 166
5.76%
Hispanic Population
288 people

In 2024, there were 8.07 times more White (Non-Hispanic) residents (3.91k people) in Elko New Market, MN than any other race or ethnicity. There were 485 Black or African American (Non-Hispanic) and 164 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

5.76% of the people in Elko New Market, MN are hispanic (288 people).

The following chart shows the 8 races represented in Elko New Market, MN as a share of the total population.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Minnesota.
Most Common Origin
  1. Mexico
    58,764 ± 5,921 people
  2. Somalia
    36,253 ± 4,660 people
  3. India
    31,836 ± 4,368 people

In 2023, the most common birthplace for the foreign-born residents of Minnesota was Mexico, the natal country of 58,764 Minnesota residents, followed by Somalia with 36,253 and India with 31,836.

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Foreign-Born Population

5.34%
2024 Foreign-Born Population
267 people
5.15%
2023 Foreign-Born Population
253 people

As of 2024, 5.34% of Elko New Market, MN residents (267 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Elko New Market, MN was 5.15%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Elko New Market, MN compared to that of it's neighboring and parent geographies.

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Military

Veterans

Most Common Service Period
  1. Gulf War (1990s)
    49 ± 64
  2. Vietnam
    16 ± 35

Elko New Market, MN has a large population of military personnel who served in Gulf War (1990s), 3.06 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Elko New Market, MN.

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Economy

The economy of Elko New Market, MN employs 2.87k people. In 2024, the largest industries in Elko New Market, MN were Manufacturing (545 people), Health Care & Social Assistance (478 people), and Public Administration (235 people), and the highest paying industries were Finance & Insurance ($152,563), Transportation & Warehousing ($120,089), and Finance & Insurance, & Real Estate & Rental & Leasing ($99,704).

Employment

Occupations

2.87k
2024 Value
± 440
−0.312%
1 Year decline
± 21.1%

From 2023 to 2024, employment in Elko New Market, MN declined at a rate of −0.312%, from 2.88k employees to 2.87k employees.

The most common job groups, by number of people living in Elko New Market, MN, are Office & Administrative Support Occupations (344 people), Management Occupations (276 people), and Business & Financial Operations Occupations (250 people). This chart illustrates the share breakdown of the primary jobs held by residents of Elko New Market, MN.

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Unemployment Insurance Claims

Data is only available at the state level. Showing data for Minnesota.

This chart shows weekly unemployment insurance claims in Minnesota (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

2.87k
2024 Value
± 440
−0.312%
1 Year decline
± 21.1%

From 2023 to 2024, employment in Elko New Market, MN declined at a rate of −0.312%, from 2.88k employees to 2.87k employees.

The most common employment sectors for those who live in Elko New Market, MN, are Manufacturing (545 people), Health Care & Social Assistance (478 people), and Public Administration (235 people). This chart shows the share breakdown of the primary industries for residents of Elko New Market, MN, though some of these residents may live in Elko New Market, MN and work somewhere else. Census data is tagged to a residential address, not a work address.

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Median Earnings by Industry

$84,282
Median earning men ± $12,712
$66,406
Median earning women ± $6,225

The industries with the best median earnings for men in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($177,404), Educational Services, & Health Care & Social Assistance ($118,382), and Public Administration ($92,393).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($97,961), Manufacturing ($76,875), and Educational Services, & Health Care & Social Assistance ($67,332).

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Employment by Industry Sector

Data is only available at the state level. Showing data for Minnesota.
Y-Axis
2.26%
Year-over-year growth
Employment change between February 2022 and February 2023

As of February 2023, there are 2.93M people employed in Minnesota. This represents a 2.26% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 13.4%.

The following chart shows monthly employment numbers for each industry sector in Minnesota.

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Civics

In the 2024 presidential election, the popular vote in Minnesota went to Kamala Harris with 50.9% of the vote. The runner-up was Donald J. Trump (46.7%), followed by Robert Kennedy (0.738%).

Amy Klobuchar and Tina Smith are the senators currently representing the state of Minnesota. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

Minnesota is currently represented by 8 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

Presidential Elections

Voting results are not available for Elko New Market, MN. Showing the available data for Minnesota.
2024 Election Results
  1. Kamala Harris (50.9%)
    Democratic Party
  2. Donald J. Trump (46.7%)
    Republican Party
  3. Robert Kennedy (0.738%)
    Independent Party

In the 2024 presidential election, the popular vote in Minnesota went to Kamala Harris with 50.9% of the vote. The runner-up was Donald J. Trump (46.7%), followed by Robert Kennedy (0.738%).

The following chart shows the popular vote results in Minnesota for each registered party from 1976 to 2024.

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Senator Elections

US Senators from Minnesota

Senatorial voting results are only available at the state level. Showing data for Minnesota.
Amy Klobuchar
Senator from Minnesota1
Assumed office on January 3, 2007
The Minnesota Democratic–Farmer–Labor Party (DFL) is the Minnesota affiliate of the U.S. Democratic Party and its members are counted as Democrats.
Tina Smith
Senator from Minnesota2
Assumed office on January 3, 2018
Appointed to the seat following the resignation of Al Franken.

Amy Klobuchar and Tina Smith are the senators currently representing Minnesota.

In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

The following chart shows elected senators in Minnesota over time, excluding special elections, colored by their political party.

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Housing & Living

The median property value in Elko New Market, MN was $433,100 in 2024, which is 1.3 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $407,400 to $433,100, a 6.31% increase. The homeownership rate in Elko New Market, MN is 95.5%, which is higher than the national average of 65.2%.

People in Elko New Market, MN have an average commute time of 27.7 minutes, and they drove alone to work. Car ownership in Elko New Market, MN is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$433,100
Median Property Value 2024
±$15,816
$1,487
Median Property Taxes
±$203

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Elko New Market, MN the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Elko New Market, MN compared to it's parent and neighbor geographies.

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Rent vs Own

95.5%
Homeownership
2024
68%
Homeowners with Mortgage
2024

In 2024, 95.5% of the housing units in Elko New Market, MN were occupied by their owner. This percentage grew from the previous year's rate of 94.2%.

This chart shows the percentage of owner in Elko New Market, MN compared it's parent and neighboring geographies.

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$152,150
Median Household Income
± $13,226
1.56k
Number of Households
± 297

In 2024, the median household income of the 1.56k households in Elko New Market, MN grew to $152,150 from the previous year's value of $147,381.

The following chart displays the households in Elko New Market, MN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

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Wage Distribution

The closest comparable wage GINI for Elko New Market, MN is from Minnesota.
0.454
2023 Wage GINI in Minnesota
0.458
2022 Wage GINI in Minnesota

In 2023, the income inequality in Minnesota was 0.454 according to the GINI calculation of the wage distribution. Income inequality had a 0.78% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for Minnesota was lower than than the national average of 0.476. In other words, wages are distributed more evenly in Minnesota in comparison to the national average.

This chart shows the number of workers in Minnesota across various wage buckets compared to the national average.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (74.4%)
  2. Worked At Home (18.6%)
  3. Carpooled (5.72%)

In 2024, 74.4% of workers in Elko New Market, MN drove alone to work, followed by those who worked at home (18.6%) and those who carpooled to work (5.72%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Commute Time

27.7 minutes
Average Travel Time

Using averages, employees in Elko New Market, MN have a longer commute time (27.7 minutes) than the normal US worker (26.4 minutes). Additionally, 0.776% of the workforce in Elko New Market, MN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Elko New Market, MN compares to that of it's neighboring and parent geographies.

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Car Ownership

2 cars
Average Number

The following chart displays the households in Elko New Market, MN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Elko New Market, MN have 2 cars.

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Poverty

Poverty & Diversity

1.06% of the population for whom poverty status is determined in Elko New Market, MN (53 out of 4.99k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 6 - 11, followed by Males 5 and then Females 35 - 44.

The most common racial or ethnic group living below the poverty line in Elko New Market, MN is White, followed by Native American and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Health

98.5% of the population of Elko New Market, MN has health coverage, with 79.8% on employee plans, 5.4% on Medicaid, 3.86% on Medicare, 9.42% on non-group plans, and 0% on military or VA plans.

Primary care physicians in Minnesota see 1,134 patients per year on average, which represents a 0% change from the previous year (1,134 patients). Compare this to dentists who see 1287 patients per year, and mental health providers who see 278 patients per year.

By gender, of the total number of insured persons, 51% were men and 49% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 34.4% under 18 years, 19.4% between 18 and 34 years, 41.6% between 35 and 64 years, and 4.54% over 64 years.

By gender, of the total number of insured persons, 51% were men and 49% were women.

The following chart shows the number of people with health coverage by gender.

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Uninsured People

1.54%
Uninsured
79.8%
Employer Coverage
5.4%
Medicaid
3.86%
Medicare
9.42%
Non-Group
0%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Elko New Market, MN declined by 17.8% from 1.87% to 1.54%.

The following chart shows how the percent of uninsured individuals in Elko New Market, MN changed over time compared with the percent of individuals enrolled in various types of health insurance.

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