Elko New Market, MN Demographics

The total population of Elko New Market is estimated to be 4,850 with 2,297 males (47.36%) and 2,553 females (52.64%). There are 256 more females than males in Elko New Market.
The median household income in Elko New Market was $149,818 in 2021, which marked an a decrease of 1,267(0.84%) from $151,085 in 2020. This income is 200.81% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Elko New Market sees its highest median household income among householders in the age group of 45 to 64 years old, at $204,888. Overall, the median household income for the city of Elko New Market stands at $149,818.
In Elko New Market, the median income for all workers aged 15 years and older, regardless of work hours, was $85,536 for males and $50,485 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $90,376 for males and $67,943 for females.
In Elko New Market, population is primarily represented by White households, reporting a median income of $142,979.
In 2022, the population of Elko New Market was 5,024, a 2.38% increase year-by-year from 2021. Previously, in 2021, Elko New Market's population was 4,907, an increase of 1.76% compared to a population of 4,822 in 2020.
The median age in Elko New Market, MN is 32.4, as per 2021 ACS 5-Year Estimates. Of the total population, 28.70% were under the age of 15, 15.01% aged 15 to 29, 53.15% aged 30 to 64, 3.14% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Elko New Market population: 89.60% are White, 3.22% are Black or African American, 2.09% are Asian, 0.82% are some other race and 4.27% are multiracial.