Elko New Market vs Lake City
Side-by-side comparison
How does Elko New Market, MN compare to Lake City, MN? Elko New Market has a population of 4,915 with a median household income of $147,381, while Lake City has 5,021 residents and a median income of $76,125. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Elko New Market, MN | Lake City, MN | Difference |
|---|---|---|---|
| Population | 4,915 | 5,021 | -2.1% |
| Median Age | 33.9 | 48.4 | -30.0% |
| Foreign Born % | 5.1% | 2.7% | +88.9% |
| Metric | Elko New Market | Lake City | Difference |
|---|---|---|---|
| Median Income | $147,381 | $76,125 | +93.6% |
| Unemployment | 0.6% | 0.4% | +20.0% |
| Poverty Rate | 0% | 6.5% | -100.0% |
| Bachelor's+ | 40.4% | 32% | +26.2% |
| Metric | Elko New Market | Lake City | Difference |
|---|---|---|---|
| Home Value | $407,400 | $234,100 | +74.0% |
| Median Rent | $2311/mo | $1022/mo | +126.1% |
| Housing Units | 1,682 | 2,682 | -37.3% |