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Elko New Market, MN
Full City Profile · Minnesota · Scott County County
Elko New Market, MN
At a Glance
How Elko New Market Compares to the U.S. Average
Each bar shows Elko New Market's value as a percentage of the national average (100% = U.S. avg)
Is Elko New Market a Good Place to Live?
Economy & Jobs
Elko New Market residents earn a median household income of $147,381 , which is 96% above the national average of $75,149. Per capita income is $52,646. The unemployment rate stands at 0.5% (86% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 3,996 business establishments, including 254 restaurants.
Housing & Cost of Living
The median home value in Elko New Market is $407,400 , 45% above the national median of $281,900. Zillow estimates the typical home at $463,847. Median rent is $2,311/month, with 23.1% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 2004.
Safety & Crime
Elko New Market reports 21 violent crimes per 100,000 residents , which is 94% below the national average of 380/100K. Property crime is 439/100K. The murder rate is 0.0/100K.
Education
40.4% of adults in Elko New Market hold a bachelor's degree or higher (20% above the national average). 95.7% have completed high school. Local schools score 6.9/10 in standardized testing.
Climate & Weather
Elko New Market has 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. Annual precipitation totals 32.3 inches. Air quality is rated Good with a median AQI of 36.