Elko New Market, MN Demographics

A map of Elko New Market's Population by Race

Race	2024 Pop	2020 Pop	2024 %	2020 %
White	3,912	4,244	78.2%	87.6%
Black	485	73	9.7%	1.5%
Hispanic	288	196	5.8%	4.0%
Multiracial	245	196	4.9%	4.0%
Asian	70	113	1.4%	2.3%
Native American/Other	2	24	0.0%	0.5%

Elko New Market, Minnesota has an estimated population of 5,002, an increase from the 4,846 recorded in the 2020 Census. The population is 78.2% White, 9.7% Black, 5.8% Hispanic, 4.9% Multiracial, 1.4% Asian, and 0.0% Native American/Other. This demographic dot map shows the population of Elko New Market, with one dot drawn for each person counted by the Census, color-coded by race.

Elko New Market has become considerably more racially diverse since the 2020 Census. It is less diverse than Minnesota overall. Demographers use a diversity index to measure the probability that two randomly selected individuals belong to different racial or ethnic groups. In Elko New Market, that probability was 22.9% in 2020 and 37.3% in the most recent ACS estimates.

Elko New Market is ranked the 152nd most populous place in Minnesota, out of 915 places. This ranking is based on the Census definition of a place, which includes incorporated places like cities, towns, and villages, as well as unincorporated census-designated places (CDPs). Elko New Market was ranked the 154th most populous place in the 2020 Census.

Elko New Market's White Population

3,912 residents of Elko New Market, or 78.2% of the population, identify as White. The share of White residents in Elko New Market is slightly higher than in Minnesota overall, where 75.9% of the population is White. Elko New Market ranks 595th statewide in terms of White residents as a share of the population, out of 915 places.

Since the 2020 Census, Elko New Market's White population has declined by an estimated 7.8%. White residents' share of Elko New Market's population has decreased from 87.6% to 78.2%.

Elko New Market is more White than neighboring Lakeville (76.2% White), and Savage (72.2% White). Elko New Market is less White than neighboring Lonsdale (93% White), Prior Lake (79.2% White), and Farmington (81.2% White).

Elko New Market's Black Population

485 residents of Elko New Market, or 9.7% of the population, identify as Black. The share of Black residents in Elko New Market is slightly higher than in Minnesota overall, where 6.9% of the population is Black. Elko New Market ranks 175th statewide in terms of Black residents as a share of the population, out of 915 places.

Since the 2020 Census, Elko New Market's Black population has grown by an estimated 564.4%. Black residents' share of Elko New Market's population has increased from 1.5% to 9.7%.

Elko New Market is more Black than neighboring Lonsdale (0% Black), Lakeville (6.6% Black), Prior Lake (2.2% Black), and Farmington (4.2% Black). Elko New Market is less Black than neighboring Savage (9.9% Black).

Elko New Market's Asian Population

70 residents of Elko New Market, or 1.4% of the population, identify as Asian. The share of Asian residents in Elko New Market is slightly lower than in Minnesota overall, where 5.1% of the population is Asian. Elko New Market ranks 129th statewide in terms of Asian residents as a share of the population, out of 915 places.

Since the 2020 Census, Elko New Market's Asian population has declined by an estimated 38.1%. Asian residents' share of Elko New Market's population has decreased from 2.3% to 1.4%.

Elko New Market is more Asian than neighboring Lonsdale (1.1% Asian). Elko New Market is less Asian than neighboring Lakeville (6.2% Asian), Prior Lake (5.5% Asian), Savage (6.6% Asian), and Farmington (3.7% Asian).

Elko New Market's Hispanic Population

288 residents of Elko New Market, or 5.8% of the population, identify as Hispanic. The share of Hispanic residents in Elko New Market is comparable to the share in Minnesota overall, where 6.4% of the population is Hispanic. Elko New Market ranks 307th statewide in terms of Hispanic residents as a share of the population, out of 915 places.

Since the 2020 Census, Elko New Market's Hispanic population has grown by an estimated 46.9%. Hispanic residents' share of Elko New Market's population has increased from 4.0% to 5.8%.

Elko New Market is more Hispanic than neighboring Lonsdale (3.7% Hispanic), and Savage (5% Hispanic). Elko New Market is less Hispanic than neighboring Lakeville (6.1% Hispanic), and Farmington (6.2% Hispanic).

Elko New Market's Native American/Other Population

2 residents of Elko New Market, or 0.0% of the population, identify as American Indian/Alaska Native/Native Hawaiian/Pacific Islander/Other. The share of Native American/Other residents in Elko New Market is comparable to the share in Minnesota overall, where 1.2% of the population is Native American/Other. Elko New Market ranks 551st statewide in terms of Native American/Other residents as a share of the population, out of 915 places.

Since the 2020 Census, Elko New Market's Native American/Other population has declined by an estimated 91.7%. Native American/Other residents' share of Elko New Market's population has decreased from 0.5% to 0.0%.

Elko New Market is less Native American/Other than neighboring Lakeville (1.1% Native American/Other), Prior Lake (2% Native American/Other), Savage (0.2% Native American/Other), and Farmington (0.2% Native American/Other).

Elko New Market's Multiracial Population

245 residents of Elko New Market, or 4.9% of the population, identify as Multiracial. The share of Multiracial residents in Elko New Market is comparable to the share in Minnesota overall, where 4.5% of the population is Multiracial. Elko New Market ranks 337th statewide in terms of Multiracial residents as a share of the population, out of 915 places.

Since the 2020 Census, Elko New Market's Multiracial population has grown by an estimated 25.0%. Multiracial residents' share of Elko New Market's population has increased from 4.0% to 4.9%.

Elko New Market is more Multiracial than neighboring Lonsdale (2.2% Multiracial), Lakeville (3.8% Multiracial), and Farmington (4.5% Multiracial). Elko New Market is less Multiracial than neighboring Prior Lake (5.2% Multiracial), and Savage (6.2% Multiracial).

Sources: Most recent population estimates are from the 2020-2024 American Community Survey 5-Year Estimates. 2020 population counts and map data are from 2020 Census State Redistricting Data. Geographic data are from Census TIGER/Line Shapefiles.