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Elko New Market, MN 55020 has a population of approximately 3,829 and experiences a population change rate of 64.62%. The population density is 153.3 / sq mi .
The median household income for Elko New Market, MN 55020 is $135,375, with 1,373 households and an average household size of 3.15.
The median value of a home in Elko New Market, MN 55020 is $445,200 with an appreciation rate of 12.20%. 95.30% of housing in the state is owned while 0.91% is rented.
The cost of living in Elko New Market, MN 55020 is 126.1 %.
The unemployment rate in Elko New Market, MN 55020 is 2.50%, and recent job growth is at 0.53%. Future job growth is projected at 31.99%.
The sales tax rate in Elko New Market, MN 55020 is 7.38%, while the income tax rate is 6.80% .
School expenditures in Elko New Market, MN 55020 are $16,898, and the school ratio is 18.2:1.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 5 degrees. The average rainfall is approximately 33.2 inches per year, with 41.7 inches of snow per year.