Elko New Market, Minnesota Population 2020

4,900

Elko New Market is a city located in Minnesota. With a 2020 population of 4,900, it is the 152nd largest city in Minnesota and the 4807th largest city in the United States. Elko New Market is currently growing at a rate of 2.06% annually and its population has increased by 19.22% since the most recent census, which recorded a population of 4,110 in 2010. Spanning over 3 miles, Elko New Market has a population density of 1,443 people per square mile.

The average household income in Elko New Market is $131,528 with a poverty rate of 0.68%. The median rental costs in recent years comes to - per month, and the median house value is $301,600. The median age in Elko New Market is 31.4 years, 31.2 years for males, and 31.5 years for females. For every 100 females there are 98.4 males.

Elko New Market Demographics

According to the most recent ACS, the racial composition of Elko New Market was:

  • White: 93.64%
  • Black or African American: 3.13%
  • Asian: 2.26%
  • Two or more races: 0.98%
  • Native American: 0.00%
  • Native Hawaiian or Pacific Islander: 0.00%
  • Other race: 0.00%
The current population of Elko New Market, Minnesota is 4,900, based on our projections of the latest US Census estimates. The US Census estimates the 2018 population at 4,702.The last official US Census in 2010 recorded the population at 4,110.

Elko New Market, Minnesota Population 2020

Population by Race

Race Population Percentage
White4,31193.64%
Black or African American1443.13%
Asian1042.26%
Two or More Races450.98%

Elko New Market Population Pyramid 2020

Elko New Market Median Age

31.4


Total

31.2


Male

31.5


Female

Elko New Market Adults

There are 2,896 adults, (178 of whom are seniors) in Elko New Market.

Elko New Market Age Dependency

69.4

Age Dependency Ratio

6.5

Old Age Dependency Ratio

62.8

Child Dependency Ratio

Elko New Market Sex Ratio

Female

2,320

50.39%

Male

2,284

49.61%

Elko New Market Households and Families

Elko New Market Renter vs Owner Occupied by Household Type

Elko New Market Household Types

Type Owner Renter
Female100%0%
Male100%0%
Married96.5%3.5%
All94.1%5.9%
Non Family77.5%22.5%

94.1%

Rate of Home Ownership

Type Count Average Size Owned
All1,3653.3794.1
Married1,1423.7296.5
Non Family1781.1977.5
Female311.97100
Male146100

3.63

Average Family Size

3.37

Average Household Size

2%

Unmarried (Opposite Sex)

0%

Unmarried (Same Sex)

Elko New Market Education

Education Attained Count Percentage
Less Than 9th Grade0.00%
9th to 12th Grade361.35%
High School Graduate54320.37%
Some College38614.48%
Associates Degree33112.42%
Bachelors Degree94035.26%
Graduate Degree43016.13%

Elko New Market Educational Attainment by Race

Name Total High School Bachelors
White2,5292,4931,301
Asian646439
Black606017
Multiple Races131313

The highest rate of high school graduation is among black people with a rate of 100.00%.

The highest rate of bachelors degrees is among multiple races people with a rate of 100.00%.

Name Average Male Female
Overall$63,924$75,385$50,359
Less Than High School$$$
High School Grad$52,192$67,426$42,961
Some College$51,983$70,078$32,857
Bachelors Degree$76,094$98,750$54,732
Graduate Degree$69,750$111,786$64,189

$63,924

Average Earnings

$75,385

Average Male

$50,359

Average Female

Elko New Market Language

Elko New Market Language by Age

Elko New Market Language

95.38% of Elko New Market residents speak only English, while 4.62% speak other languages. The non-English language spoken by the largest group is Other Indo-European, which is spoken by 3.24% of the population.

Elko New Market Poverty

Elko New Market Poverty by Race

0.68%

Overall Poverty Rate

0.83%

Male Poverty Rate

0.52%

Female Poverty Rate

Poverty in Elko New Market

The race most likely to be in poverty in Elko New Market is White, with 0.72% below the poverty level.

The race least likely to be in poverty in Elko New Market is White, with 0.72% below the poverty level.

The poverty rate among those that worked full-time for the past 12 months was 0.00%. Among those working part-time, it was 2.90%, and for those that did not work, the poverty rate was 3.69%.

Name Poverty
Some College2.65%
High School2.21%
Bachelors or Greater0.00%
Less Than High School0.00%
Name Poverty
Female Unemployed0.00%
Female Employed0.00%
Male Unemployed0.00%
Male Employed1.46%

Elko New Market Income

Elko New Market Income by Household Type

Name Median Mean
Households$123,750$131,528
Families$129,770$140,202
Married Families$133,000-
Non Families$55,300$66,921

Elko New Market Marital Status

Elko New Market Marital Status

Marriage Rates

75.5%

Overall Marriage Rate

77.2%

Male Marriage Rate

73.8%

Female Marriage Rate

Elko New Market Married by Age and Sex

Elko New Market Marriage

The age group where males are most likely to be married is 35-44, while the female age group most likely to be married is 35-44.

Elko New Market Marital Status by Race

Elko New Market Veterans

200

Number of Veterans

187

Male Veterans

13

Female Veterans

War Veterans
Vietnam55
First Gulf War39
Second Gulf War35
World War II
Korea

$Elko New Market Veterans by Education

0.00%

Veteran Poverty Rate

0.00%

Veteran Disability Rate

Elko New Market Employment Status

85.8%

Labor Force Participation

85%

Employment Rate

0.9%

Unemployment Rate

Elko New Market Place of Birth

Origin of Non-Citizens

Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.

Origin of Naturalized Citizens

75.76%

Born in Minnesota

95.46%

Native Born

4.54%

Foreign Born

2.04%

Non Citizen

Place of Birth

95.46% of Elko New Market residents were born in the United States, with 75.76% having been born in Minnesota. 2.04% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Africa.

Year Population Growth Annual Growth Rate
20204,900992.06%
20194,801992.11%
20184,70220.04%
20174,700992.15%
20164,601691.52%
20154,532481.07%
20144,4841323.03%
20134,3521012.38%
20124,251621.48%
20114,189832.02%
20104,1060.00%