Elko New Market is a city located in Scott County, Minnesota. Elko New Market has a 2026 population of 5,378. Elko New Market is currently growing at a rate of 1.76% annually and its population has increased by 11.53% since the most recent census, which recorded a population of 4,822 in 2020.
The median household income in Elko New Market is $152,150 with a poverty rate of 1.06%. The median age in Elko New Market is 33.7 years: 33.8 years for males, and 33.2 years for females. For every 100 females there are 104.2 males.
Data after 2023 is projected based on recent change
Overall: 33.7 years
Female: 33.2 years
Male: 33.8 years
There are 3,372 adults, (227 of whom are seniors) in Elko New Market.
Female: 2,450 (49%)
Male: 2,552 (51%)
The racial composition of Elko New Market includes 79.81% White, 9.7% Black or African American, and smaller percentages for other race, Asian, Native American and multiracial populations.
| Race | Population ↓ | Percentage (of total) |
|---|---|---|
| White | 3,992 | 79.81% |
| Black or African American | 485 | 9.7% |
| Two or more races | 377 | 7.54% |
| Other race | 76 | 1.52% |
| Asian | 70 | 1.4% |
| Native American | 2 | 0.04% |
Elko New Market 's average per capita income is $74,120. Household income levels show a median of $152,150. The poverty rate stands at 1.06%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $162,361 | - |
| Families | $158,214 | $173,754 |
| Households | $152,150 | $167,599 |
| Non Families | $100,881 | $90,707 |
Average Income
Median Household Income
Poverty Rate