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Elko New Market, MN
Full City Profile · Minnesota · Scott County County
3.8
/5.0
B+
Good
4,915
Population
1,304/sq mi density
$147,381
Median Income
$52,646 per capita
$407,400
Home Value
$463,847 Zillow
$2,311
Median Rent
23.1% income on rent
46°F
Avg Temperature
270 sunny days/yr
21
Violent Crime/100K
439 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$147,381 median income, 0.5% unemployment
A+
Affordability
5.0 / 5.0
$407,400 home value, $2,311/mo rent
F
Safety
1.0 / 5.0
21 violent crimes/100K
A
Education
4.2 / 5.0
40.4% bachelor's degree or higher
Income Overview
Median Household Income
$147,381
96% above
US avg: $75,149
Per Capita Income
$52,646
35% above
US avg: $39,052
Unemployment Rate
0.5%
86% below
US avg: 3.6%
Poverty Rate
0.0%
100% below
US avg: 12.4%
Income Comparison: Elko New Market vs. U.S. Average
Each bar shows Elko New Market’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$147,381
196%
Per Capita
US: $39,052
$52,646
135%
IRS Avg AGI
US: $72,000
$110,807
154%
Avg Weekly Wage
US: $1,432
$1,195
83%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,195
17% below US avg ($1,432)
Mean Commute Time
28 min
0% below US avg (28 min)
Work From Home
20.3%
34% above US avg (15.2%)
Drive Alone
76.0%
4% above US avg (73.2%)
Public Transit
0.0%
99% below US avg (5.0%)
County GDP
$10,952M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
76%
Public Transit
0%
Work From Home
20.3%
Other
3.7%
Average commute time
28 minutes
US avg: 28 min
Business Landscape
Total Establishments
3,996
Restaurants
254
Healthcare
327
Retail
322
Manufacturing
172
Tax & Financial
IRS Avg Adjusted Gross Income
$110,807
54% above US avg ($72,000)
Avg Property Tax
$5,631
61% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $147,381 |
| Per Capita Income | $52,646 |
| IRS Avg Adjusted Gross Income | $110,807 |
| Avg Weekly Wage | $1,195 |
| County GDP | $10,952M |
Hardship Indicators
| Unemployment Rate | 0.5% |
| Poverty Rate | 0.0% |
| Gini Coefficient | 0.408 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 28 minutes |
| Drive Alone | 76.0% |
| Public Transit | 0.0% |
| Work From Home | 20.3% |
Businesses
| Total Establishments | 3,996 |
| Restaurants | 254 |
| Healthcare | 327 |
| Retail | 322 |
| Manufacturing | 172 |
Tax
| IRS Avg AGI | $110,807 |
| Avg Property Tax | $5,631 |