Elko New Market is a somewhat small city located in the state of Minnesota. With a population of 5,048 people and just one neighborhood, Elko New Market is the 160th largest community in Minnesota. Elko New Market has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Elko New Market, where the median household income is $147,381.00.
Elko New Market real estate is some of the most expensive in Minnesota, although Elko New Market house values don't compare to the most expensive real estate in the U.S.
Elko New Market is a decidedly white-collar city, with fully 87.27% of the workforce employed in white-collar jobs, well above the national average. Overall, Elko New Market is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Elko New Market who work in office and administrative support (12.18%), sales jobs (11.03%), and healthcare (9.09%).
Also of interest is that Elko New Market has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 20.33% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Elko New Market is a great place for families with children to consider. First of all, many other families with children live here, making Elko New Market a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Elko New Market has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Elko New Market’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
In Elko New Market, however, the average commute to work is quite long. On average, people spend 30.25 minutes each day getting to work, which is significantly higher than the national average.
As is often the case in a small city, Elko New Market doesn't have a public transportation system that people use for their commute.
The citizens of Elko New Market are among the most well-educated in the nation: 40.36% of adults in Elko New Market have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in Elko New Market in 2022 was $52,646, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $210,584 for a family of four.
Elko New Market is a somewhat ethnically-diverse city. The people who call Elko New Market home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Elko New Market residents report their race to be White, followed by Black or African-American. Important ancestries of people in Elko New Market include German, Irish, Norwegian, Swedish, and English.
The most common language spoken in Elko New Market is English. Other important languages spoken here include Polish and Spanish.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Elko New Market, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
According to NeighborhoodScout's exclusive analysis, is among the best neighborhoods for families in Minnesota. In fact, this neighborhood is more family-friendly than 98.5% of neighborhoods in the entire state of Minnesota. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.
In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the neighborhood may actually hold the key. 71.9% of its residents are married, which is a higher percentage than is found in 97.6% of the neighborhoods in America.
One way that the neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 97.0% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
In addition, real estate in the neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 95.9% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
Did you know that the neighborhood has more Norwegian and Swedish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 14.3% of this neighborhood's residents have Norwegian ancestry and 6.6% have Swedish ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the neighborhood in Elko New Market are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 89.8% of the neighborhoods in America. In addition, 3.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 71.2% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the neighborhood, 49.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.9%), and 13.9% in manufacturing and laborer occupations.
The most common language spoken in the neighborhood is English, spoken by 94.9% of households.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the neighborhood in Elko New Market, MN, residents most commonly identify their ethnicity or ancestry as German (38.3%). There are also a number of people of Norwegian ancestry (14.3%), and residents who report Irish roots (12.5%), and some of the residents are also of English ancestry (6.7%), along with some Swedish ancestry residents (6.6%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (41.7% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (76.3%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.