Elko New Market is a very small city located in the state of Minnesota. With a population of 4,665 people and just one neighborhood, Elko New Market is the 164th largest community in Minnesota. There's nothing like the smell of a brand new house, and in Elko New Market, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Elko New Market, and putting down their money on brand new construction. Elko New Market’s real estate is, on average, some of the newest in the nation. Elko New Market does seem to be experiencing an influx of affluent people, because the median household income is $97,131.
Real Estate Prices
Elko New Market home prices are not only among the most expensive in Minnesota, but Elko New Market real estate also consistently ranks among the most expensive in America.
Occupations and Workforce
Unlike some cities, Elko New Market isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Elko New Market are a mix of both white- and blue-collar jobs. 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 (17.28%), management occupations (14.71%) and teaching (8.80%).
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.
Setting & Lifestyle
Elko New Market is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the 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.
One downside of living in Elko New Market, however, is that residents on average have to contend with a long commute, spending on average 32.02 minutes every day commuting to work.