Median Income
$147,381
96% higher than US avg
Home Value
$407,400
45% higher than US avg
Violent Crime
21/100K
94% lower than US avg
Bachelor's+
40.4%
20% higher than US avg
Median Rent
$2,311
99% higher than US avg
Obesity Rate
31.3%
2% lower than US avg
Unemployment
0.5%
86% lower than US avg
Poverty Rate
0.0%
100% lower than US avg
How Elko New Market Compares to the U.S. Average (100% = U.S. avg)
People
Population4,915
Median Age33.9 yrs
Density1,304/mi²
Male / Female48% / 52%
Largest GroupWhite 84%
Veterans2.5%
Economy
A+
Median Income$147,381
Per Capita$52,646
Unemployment0.5%
Poverty0.0%
County GDP$10,952M
Commute28 min
Housing
A+
Home Value$407,400
Rent$2,311
Ownership94.2%
Zillow$463,847
Housing Units1,632
Rent Burden23.1%
Crime
F
Violent21/100K
Property439/100K
Murder0.0/100K
Assault21/100K
Burglary21/100K
Health
Obesity31.3%
Uninsured6.1%
Smoking11.7%
Depression23.9%
Heart Disease4.5%
Climate
Avg Temp46°F (8°C)
AQI36 (Good)
Rain32.3 in/yr
Sunny Days270/yr
Elevation1,129 ft (344 m)
Education
A
Bachelor's+40.4%
High School+95.7%
Graduate+16.8%
School Score6.86
Community
2024 VoteR 53% / D 45%
Commute28 min
Broadband97.2%
EV Stations9
Libraries8
Is Elko New Market a Good Place to Live?
Based on current data, Elko New Market receives an overall livability score of 3.8 out of 5.0, earning a grade of B+. Key strengths include above-average household incomes, low unemployment, low crime rates, a highly educated population. Areas to be aware of include high housing costs. Elko New Market offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Elko New Market is $147,381, which is significantly higher than the national average / 96% above $75,149. This places Elko New Market among higher-income communities. The job market is very strong with unemployment at just 0.5%. Only 0.0% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 28 minutes.
Cost of Living & Housing
The median home value in Elko New Market is $407,400, 45% above the national median. Renters pay a median of $2,311 per month, significantly above the national average of $1,163. At just 2.8x median income, home prices are very affordable relative to local earnings.
Safety & Crime
Elko New Market is a very safe community with a violent crime rate of 21 per 100,000 residents / well below the national average of 380. Property crime occurs at a rate of 439 per 100,000, 78% below the national average.
Education
Educational attainment is solid, with 40.4% holding a bachelor's degree or higher, near the national average. 95.7% have completed high school. Local schools score 6.9/10 in standardized testing, reflecting strong academic performance.
Climate & Weather
Elko New Market experiences four distinct seasons with an average temperature of 46°F. Winters average 15°F in January while summers reach 72°F in July. With 270 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 32.3 inches, including 41.0 inches of snow. Air quality is rated Good with a median AQI of 36.
Elko New Market has a population of 4,915 with a density of 1,304 people per square mile, spread across 1.3 square miles. The median age is 33.9 years, 13% younger than the national median of 38.9. The gender split is 52.3% female and 47.7% male. The city is predominantly White (83.8%), with 6.7% Black. English is the primary language spoken at home by 94% of residents, while 6% speak Spanish. 2.5% of the population are veterans, below the national rate of 6.0%. 4.3% of residents have a disability (below the 13.0% national average). 96.1% have health insurance coverage.
Population
33.9yrs
Median Age
13% below US avg
Race & Ethnicity
Elko New Market vs U.S. Average
Language Spoken at Home
English Only
94.0%
20% above US avg
Spanish
6.0%
55% below US avg
Social Characteristics
Elko New Market vs U.S. Average
The median household income in Elko New Market is $147,381, which is 96% above the national average of $75,149. Per capita income is $52,646 (above the $39,052 national figure). The average weekly wage is $1,195, 17% lower than the U.S. average. The unemployment rate is 0.5% (below the 3.6% US average). 0.0% of residents live below the poverty line, lower than the national rate of 12.4%. The area has 3,996 business establishments, including 254 restaurants. The cost of living index is 98.6, roughly in line with the national average. Workers commute an average of 28 minutes. 20.3% of workers work from home (above the 15.2% national rate).
Income: Elko New Market vs U.S.
Income
| Median HH Income | $147,381 |
| 96% above US avg |
| Per Capita Income | $52,646 |
| Avg Weekly Wage | $1,195 |
| IRS Avg AGI | $110,807 |
| Gini Index | 0.408 (0=equal, 1=unequal) |
Employment & Poverty
| Unemployment | 0.5% |
| 86% below US avg |
| Poverty Rate | 0.0% |
| 100% below US avg |
| Establishments (County) | 3,996 |
| County GDP | $10,952M |
Business (County)
| Restaurants | 254 |
| Healthcare | 327 |
| Retail | 322 |
| Manufacturing | 172 |
Tax & Cost of Living
| Property Tax (IRS) | $5,631 |
| 61% above US avg |
| Cost of Living | 98.60 (100=avg) |
| Effective Tax Rate | 1.38% |
Commute & Transportation
| Commute Time | 27.6 min |
| Drive Alone | 76.0% |
| Public Transit | 0.0% |
| Work from Home | 20.3% |
The median home value in Elko New Market is $407,400, 45% above the national median of $281,900. Zillow estimates the typical home value at $463,847, higher than the Census estimate. Homes sell for 96.3% of their list price, suggesting buyers have room to negotiate. Monthly rent averages $2,311 (99% above the national average of $1,163). Fair market rent ranges from $899 for a one-bedroom to $1,125 for a two-bedroom apartment. 94.2% of housing units are owner-occupied (above the 65.4% national rate). There are 1,632 total housing units in the city. The median year a home was built is 2004. The average annual property tax is $5,631 (higher than the $3,500 national average). 23.1% of renters spend 30% or more of their income on housing. The home price-to-income ratio is 2.8x, well within the affordable range.
Home Values
| Census Median | $407,400 |
| 45% above US avg |
| Zillow ZHVI | $463,847 |
| Median List Price | $490,000 |
Real Estate Market (Redfin)
| Median List Price | $490,000 |
| $/Sq Ft | $162 |
| Homes Sold | 8 |
| Sale-to-List Ratio | 96.3% |
| Price Drops | 40.0% |
| Inventory | 35 |
Rental Costs
| Census Median Rent | $2,311 |
| 99% above US avg |
| Rent Burden | 23.1% |
HUD Fair Market Rent
| Studio | $809 |
| 1 Bedroom | $899 |
| 2 Bedrooms | $1,125 |
| 3 Bedrooms | $1,483 |
| 4 Bedrooms | $1,698 |
Ownership & Property
| Homeownership | 94.2% |
| Owner-Occupied | 94.2% |
| Renter-Occupied | 5.8% |
| Housing Units | 1,632 |
| Median Year Built | 2004 |
Property Tax
| Avg Tax (IRS) | $5,631 |
| 61% above US avg |
| Effective Rate | 1.38% |
In Elko New Market, 31.3% of adults are obese, below the national rate of 32.1%. 8.0% have diabetes (below the 10.5% national rate). Heart disease affects 4.5% of residents, below the national average. 27.7% have high blood pressure. 11.7% are current smokers. 21.4% report binge drinking. 20.6% are physically inactive, below the national average. 23.9% report depression (above the 20.0% national average). 15.1% experience frequent mental distress. 6.1% of residents lack health insurance (below the 8.6% national rate). The primary care physician ratio is 1:2,044. The dentist ratio is 1:2,146. 95.3% of residents have access to exercise opportunities. The food environment index is 9.7 out of 10.
Health Metrics: Elko New Market vs U.S. Average (%)
Chronic Conditions
| Obesity | 31.3% |
| 2% below US avg |
| Diabetes | 8.0% |
| Heart Disease | 4.5% |
| High Blood Pressure | 27.7% |
| Asthma | 9.7% |
| COPD | 4.0% |
| Cancer | 7.4% |
| Stroke | 2.3% |
Behaviors & Mental Health
| Smoking | 11.7% |
| 16% below US avg |
| Binge Drinking | 21.4% |
| Physical Inactivity | 20.6% |
| Depression | 23.9% |
| Mental Distress | 15.1% |
| Physical Distress | 9.9% |
| Short Sleep | 28.2% |
Healthcare Access
| Insurance Rate | 96.1% |
| Uninsured | 6.1% |
| 29% below US avg |
| Primary Care | 1:2,044 |
| Dentists | 1:2,146 |
| Mental Health | 1:693 |
| Checkup Rate | 72.7% |
| Dental Visits | 71.1% |
| Premature Death | 4,774/100K |
Food & Exercise
| Food Environment | 9.7/10 |
| Exercise Access | 95.3% |
| Healthcare Facilities | 327 |
Elko New Market has a violent crime rate of 21 per 100,000 residents, 94% below the national average of 380. This breaks down to aggravated assault at 20.9 per 100,000, robbery at 0.0, rape at 0.0. The murder rate is 0.0 per 100,000 (below the national rate of 6.3). Property crime stands at 439 per 100,000, 78% below the U.S. average. This includes larceny/theft at 376, burglary at 21, vehicle theft at 42 per 100,000 residents. The county recorded 12 fatal traffic crashes. Overall, Elko New Market receives a safety grade of F.
Crime Rates: Elko New Market vs U.S. Average (per 100,000)
Violent Crime
| Total Violent | 20.9/100K |
| 94% below US avg |
| Murder | 0.0/100K |
| 100% below US avg |
| Rape | 0.0/100K |
| Robbery | 0.0/100K |
| Assault | 20.9/100K |
Property Crime
| Total Property | 439.1/100K |
| 78% below US avg |
| Burglary | 20.9/100K |
| Theft | 376.3/100K |
| Vehicle Theft | 41.8/100K |
| Arson | 0.0/100K |
Traffic Safety
| Fatal Crashes (County/yr) | 12 |
| Traffic Accidents | 418 |
| Avg Accident Severity | 2.3 / 4.0 |
Safety Score
| Safety Grade | F |
| Safety Score | 1.0 / 5.0 |
Elko New Market experiences four distinct seasons with an average annual temperature of 46°F (8°C). Winters average 15°F in January while summers reach 72°F in July. The area gets 270 sunny days per year, well above the U.S. average of 205 / making it one of the sunnier locations in the country. Annual precipitation totals 32.3 inches. The area receives 41.0 inches of snow annually, making winter weather a significant factor for residents. Air quality is rated Good with a median AQI of 36. The city sits at an elevation of 1,129 feet.
Temperature
15°F Jan (-9°C)
72°F Jul (22°C)
| Annual Average | 45.7°F |
| 15% below US avg |
| January Average | 15°F (-9°C) |
| July Average | 72°F (22°C) |
| Sunny Days | 270 days/yr |
Geography
| Elevation | 1,129 ft (344 m) |
| Area | 1.3 sq mi (3.4 km²) |
| Population Density | 1,304/sq mi |
| Coordinates | 44.5671°N, 93.3343°W |
| Timezone | America/Chicago |
| County | Scott County County |
| Nearest Airport | Minneapolis-St Paul International/Wold-Chamberlain (MSP) 22 miles away |
Precipitation & Snow
Annual Rainfall
32.3"
15% below US avg
Wettest Month (Jul)
4.21"
Air Quality
| AQI Median | 36.0 |
| Rating | Good |
Air Pollutants (EPA 2023)
| Ozone (O₃) | 0.0475 ppm |
| PM2.5 (Fine Particles) | 9.9 μg/m³ |
Natural Hazard Risk
| Overall Risk | Relatively Low |
| Risk Score | 76.6 / 100 |
| Social Vulnerability | 10.6 / 100 |
| Community Resilience | 98.0 / 100 |
Hazard Breakdown
| Tornado |
Relatively Moderate |
| Earthquake |
Very Low |
| Wildfire |
Very Low |
| Flood |
Relatively Moderate |
| Hail |
Relatively Moderate |
| Strong Wind |
Very High |
| Heat Wave |
Relatively Moderate |
| Winter Weather |
Relatively Moderate |
| Lightning |
Relatively Low |
| Ice Storm |
Relatively Low |
| Drought |
Relatively Low |
| Cold Wave |
Relatively Moderate |
| Landslide |
Relatively Low |
Source: FEMA National Risk Index v1.20 (Dec 2025)
Earthquake History
2 earthquakes (M2.5+) within 150 km since 1990.
Strongest: M3.1. Most recent: M2.8 on Apr 25, 2017.
| Feb 9, 1994 |
6 km NNE of Blomkest, Minnesota |
M3.1 |
140 km |
| Apr 25, 2017 |
Near Mankato, Minnesota |
M2.8 |
68 km |
Source: USGS (M2.5+, 1990–2025)
Tornado History
565 tornadoes (EF0+) within 100 km since 1950.
Strongest: EF5. Total: 65 fatalities, 1,272 injuries.
| Date |
Rating |
Distance |
Fatalities |
| Jun 4, 1958 |
EF5 |
88 km |
21 |
| Jul 3, 1983 |
EF4 |
73 km |
0 |
| Apr 30, 1967 |
EF4 |
87 km |
6 |
| May 6, 1965 |
EF4 |
52 km |
3 |
| May 6, 1965 |
EF4 |
41 km |
3 |
| May 6, 1965 |
EF4 |
46 km |
6 |
| May 6, 1965 |
EF4 |
35 km |
0 |
| Sep 16, 1962 |
EF4 |
97 km |
0 |
| Jun 19, 1951 |
EF4 |
89 km |
1 |
| Jun 17, 2010 |
EF3 |
96 km |
0 |
| Jun 17, 2010 |
EF3 |
90 km |
0 |
| Jun 17, 2010 |
EF3 |
81 km |
0 |
| May 25, 2008 |
EF3 |
72 km |
1 |
| Aug 24, 2006 |
EF3 |
81 km |
1 |
| Mar 29, 1998 |
EF3 |
56 km |
0 |
| Mar 29, 1998 |
EF3 |
74 km |
1 |
| Jul 1, 1997 |
EF3 |
82 km |
0 |
| Jun 16, 1992 |
EF3 |
87 km |
0 |
| Jul 27, 1987 |
EF3 |
49 km |
0 |
| Jul 23, 1987 |
EF3 |
66 km |
0 |
Source: NOAA SPC (EF0+, 1950–2024)
Wildfire History
7 wildfires (100+ acres) within 100 km.
Largest: UNNAMED (2,904 ac, 2009).
| Year |
Name |
Acres |
Distance |
| 2009 |
UNNAMED |
2,904 |
79 km |
| 2024 |
SNAKE TRAIL |
1,496 |
51 km |
| 2004 |
EAGAN |
925 |
32 km |
| 1990 |
UNNAMED |
598 |
14 km |
| 2024 |
LINCOLN WPA RX |
575 |
96 km |
| 1995 |
LV 68 CARVER |
532 |
28 km |
| 1990 |
UNNAMED |
513 |
26 km |
Source: NIFC/IRWIN (100+ acres)
Monthly Weather
| Month |
Avg Temperature |
Precipitation |
Summary |
| January |
15°F (-9°C) |
0.9 in |
Coldest |
| February |
18°F (-8°C) |
0.8 in |
Driest |
| March |
31°F (-1°C) |
1.9 in |
|
| April |
45°F (7°C) |
2.6 in |
|
| May |
58°F (14°C) |
3.6 in |
|
| June |
67°F (20°C) |
4.1 in |
|
| July |
72°F (22°C) |
4.2 in |
Warmest, Wettest |
| August |
69°F (20°C) |
4.1 in |
|
| September |
60°F (16°C) |
3.2 in |
|
| October |
48°F (9°C) |
2.2 in |
|
| November |
32°F (-0°C) |
1.8 in |
|
| December |
17°F (-8°C) |
1.0 in |
|
Elko New Market has a seasonal temperature swing of 57°F / from 15°F in January to 72°F in July. Total annual precipitation is 30.4 inches, with July being the wettest month (4.2") and February the driest (0.8").
Average costs for common services in Elko New Market. Prices are estimated based on regional cost of living data and may vary by provider.
Healthcare
| Doctor Visit (Primary Care) |
$247 ($148–$394) |
| Specialist Visit |
$345 ($197–$542) |
| Urgent Care Visit |
$197 ($99–$345) |
| Emergency Room Visit |
$2,169 ($789–$4,930) |
| Dental Cleaning |
$128 ($74–$197) |
| Dental Filling |
$247 ($148–$394) |
View all 40 services
Auto Repair
| Oil Change (Conventional) |
$44 ($25–$74) |
| Oil Change (Synthetic) |
$74 ($49–$118) |
| Brake Pad Replacement |
$296 ($148–$493) |
| Tire Rotation |
$39 ($20–$74) |
| New Tires (Set of 4) |
$592 ($394–$986) |
| Battery Replacement |
$197 ($99–$345) |
View all 18 services
Home Services
| Plumber (Per Hour) |
$99 ($59–$148) |
| Electrician (Per Hour) |
$89 ($49–$138) |
| HVAC Repair |
$394 ($148–$789) |
| HVAC System Install |
$6,902 ($3,944–$11,832) |
| Roof Repair |
$986 ($394–$1,972) |
| Roof Replacement |
$8,874 ($5,423–$14,790) |
View all 25 services
Legal
| Divorce (Uncontested) |
$1,479 ($493–$3,451) |
| Divorce (Contested) |
$14,790 ($4,930–$29,580) |
| DUI Defense |
$4,930 ($1,972–$9,860) |
| Bankruptcy (Chapter 7) |
$1,479 ($789–$2,958) |
| Will Preparation |
$493 ($197–$986) |
| Trust Preparation |
$2,465 ($986–$4,930) |
View all 12 services
Personal Care
| Men's Haircut |
$25 ($15–$44) |
| Women's Haircut |
$54 ($30–$99) |
| Hair Coloring (Full) |
$148 ($74–$247) |
| Manicure |
$25 ($15–$44) |
| Pedicure |
$39 ($25–$64) |
| Massage (1 Hour) |
$79 ($49–$128) |
View all 12 services
Food & Grocery
| Gallon of Milk (per gallon) |
$4.04 ($2.96–$5.42) |
| Dozen Eggs (per dozen) |
$3.45 ($2.47–$4.93) |
| Loaf of Bread |
$3.75 ($2.47–$5.42) |
| Chicken Breast (per lb) |
$4.44 ($2.96–$6.41) |
| Ground Beef (per lb) |
$5.42 ($3.94–$7.40) |
| Rice (per lb) |
$0.99 ($0.59–$1.77) |
View all 20 services
Utilities
| Electricity (Monthly) |
$138 ($79–$247) |
| Natural Gas (Monthly) |
$69 ($30–$148) |
| Water/Sewer (Monthly) |
$69 ($39–$118) |
| Internet (Monthly) |
$69 ($39–$99) |
| Cell Phone Plan (Monthly) |
$64 ($30–$99) |
| Cable TV (Monthly) |
$84 ($49–$148) |
View all 8 services
Transportation
| Monthly Parking (Downtown) |
$197 ($74–$493) |
| Car Insurance (Annual) |
$1,972 ($1,183–$3,451) |
| Bus Pass (Monthly) |
$69 ($30–$128) |
| Taxi/Uber (5-Mile Ride) |
$15 ($7.89–$25) |
| Car Registration (Annual) |
$99 ($30–$247) |
| Driver's License Renewal |
$30 ($15–$74) |
View all 8 services
Education & Childcare
| Daycare (Infant, Monthly) |
$1,183 ($592–$2,465) |
| Daycare (Toddler, Monthly) |
$986 ($493–$1,972) |
| After-School Care (Monthly) |
$394 ($197–$690) |
| Tutoring (Per Hour) |
$49 ($25–$99) |
| SAT/ACT Prep Course |
$986 ($394–$2,465) |
| Private School (K-12, Annual) |
$12,325 ($4,930–$29,580) |
View all 8 services
Pets
| Vet Visit (Routine Checkup) |
$59 ($30–$99) |
| Dog Vaccination (Annual) |
$99 ($49–$197) |
| Dog Grooming |
$59 ($30–$99) |
| Pet Boarding (Per Night) |
$39 ($20–$74) |
| Dog Spay/Neuter |
$296 ($148–$493) |
| Cat Spay/Neuter |
$197 ($99–$394) |
View all 9 services
Childcare
| Center-Based (monthly) |
| Infant | $1,689 |
| Toddler | $1,505 |
| Preschool | $1,338 |
| Family Childcare (monthly) |
| Infant | $888 |
| Toddler | $787 |
| Preschool | $801 |
Source: DOL Women's Bureau (2022)
Frequently Asked Questions About Elko New Market
What is the population of Elko New Market?
Elko New Market has a population of 4,915 residents and is located in Minnesota. The population density is 1,304 people per square mile, spread across 1.3 square miles. The median age of residents is 33.9 years, which is younger than the national median of 38.9 years. The population is 52.3% female and 47.7% male.
Is Elko New Market expensive to live in?
Elko New Market has a cost of living roughly in line with the national average, with an index of 98.6 (baseline: 100). The median household income is $147,381, 96% above the national average of $75,149. The median home value is $407,400 (45% above the U.S. median). Renters pay a median of $2,311 per month, above the national average of $1,163. The home price-to-income ratio is 2.8x, indicating housing is reasonably affordable relative to local income levels.
Is Elko New Market safe?
Elko New Market is considered a very safe city with a violent crime rate of 21 per 100,000 residents, well below the national average of 380. Property crime occurs at a rate of 439 per 100,000 (below the national average). Overall, Elko New Market receives a safety grade of F based on combined crime data.
What is the weather like in Elko New Market?
Elko New Market has a four-season climate with an average annual temperature of 46°F (8°C). Winter temperatures average 15°F in January, while summers reach an average of 72°F in July. The area receives 270 sunny days per year, well above the national average of 205. Annual rainfall totals 32.3 inches, with 41.0 inches of snow. Air quality is rated Good with a median Air Quality Index (AQI) of 36.
How is the job market in Elko New Market?
The job market in Elko New Market is very strong, with unemployment at just 0.5% / well below the national rate of 3.6%. The average weekly wage is $1,195. There are 3,996 business establishments in the area, including 254 restaurants and food service locations. The average commute time is 28 minutes, and 20.3% of workers work from home.
How much does housing cost in Elko New Market?
The median home value in Elko New Market is $407,400. Zillow estimates the typical home value at $463,847. For renters, the median monthly rent is $2,311. Fair market rent is $899 for a 1-bedroom and $1,125 for a 2-bedroom apartment. The homeownership rate is 94.2%. The average annual property tax is $5,631.
How are the schools in Elko New Market?
Schools in Elko New Market score 6.9 out of 10 on standardized testing, near the national average. 40.4% of adults in Elko New Market hold a bachelor's degree or higher, above the national average of 33.7%. 95.7% have completed high school. 16.8% hold a graduate or professional degree.
How healthy is Elko New Market?
The obesity rate in Elko New Market is 31.3% (below the national rate of 32.1%). 11.7% of adults are smokers. 20.6% are physically inactive. 23.9% of residents report depression. 6.1% lack health insurance (below the national rate). 95.3% of residents have access to exercise opportunities. The primary care physician ratio is 1:2,044.
What is transportation like in Elko New Market?
The average commute in Elko New Market is 28 minutes. 76% of workers drive alone to work, and 20.3% work from home.
What are the demographics of Elko New Market?
The racial and ethnic makeup of Elko New Market is 83.8% White, 6.7% Black or African American. 94% of residents speak only English at home, while 6% speak Spanish. 2.5% of the population are military veterans. 4.3% of residents have a disability. 96.1% have health insurance coverage.