Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Schools
The schools category boasts a high score thanks to factors like excellent test scores, impressive graduation rates and the convenient placement of elementary and high schools in this area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Located in the state of Minnesota, Elko New Market is a small-sized city with a population of 4,901 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (96% White). Given that fact, Elko New Market could be considered less diverse than other cities. Elko New Market tends to attract a younger crowd, as the median age of 32 is far below the national average. Elko New Market is known to be family friendly as more than 81% of the population has already tied the knot. It might also be worth noting that 70% of residents also have children under the age of 18. Long, unnecessary commutes can be both frustrating and inconvenient when heading to work. Nationwide, the average one-way commute time takes 26 minutes, but regrettably, residing in Elko New Market entails a longer-than-average one-way commute time, averaging 31 minutes.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Elko New Market, Minnesota could be a good experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. To help you find the best places to live in and around Elko New Market, AreaVibes has created a livability score using key metrics like amenities, cost of living, health & safety, employment, housing and more.
Elko New Market has a livability score of 69 out of 100 and is ranked #333 in Minnesota and #7,938 in the USA. Based on the rankings for each individual category, Elko New Market has been rewarded with high marks for crime (A+) and education (A). On a more negative note, Elko New Market does not have favorable scores for the following: amenities (F) and cost of living (F). If we take a look at the data, we can find out why.
Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 0 crimes per 100,000 residents, Elko New Market has a violent crime rate that is far below the national average.
The Elko New Market unemployment rate of 0.7% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Test scores serve as a vital gauge of a school's academic prowess and the proficiency of its students. They play a pivotal role in assessing whether local schools can deliver a robust educational foundation for children. In Elko New Market, the schools boast an impressive average test score of 67%, significantly higher than the national average. This outstanding academic achievement not only reflects the excellence of the local educational system, but also indicates the potential for students to thrive academically, making it an attractive destination for families seeking a high-quality education for their children.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Elko New Market excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Elko New Market. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Elko New Market are affordable. Median real estate prices in Elko New Market come in at $589,194, which is 73.8% higher than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Elko New Market, the home price to income ratio is 2.9, which is 21.6% lower than the Minnesota average.
| Statistic | Elko New Market | Minnesota | National |
| Average one way commute | 31min | 23min | 26min |
| Workers who drive to work | 85.4% | 78.0% | 76.4% |
| Workers who carpool | 7.9% | 8.7% | 9.3% |
| Workers who take public transit | 1.6% | 3.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 0.0% | 2.8% | 2.8% |
| Working from home | 5.1% | 5.3% | 4.6% |
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