Lake City vs Elko New Market
Side-by-side comparison
How does Lake City, MN compare to Elko New Market, MN? Lake City has a population of 5,021 with a median household income of $76,125, while Elko New Market has 4,915 residents and a median income of $147,381. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Lake City, MN | Elko New Market, MN | Difference |
|---|---|---|---|
| Population | 5,021 | 4,915 | +2.2% |
| Median Age | 48.4 | 33.9 | +42.8% |
| Foreign Born % | 2.7% | 5.1% | -47.1% |
| Metric | Lake City | Elko New Market | Difference |
|---|---|---|---|
| Median Income | $76,125 | $147,381 | -48.3% |
| Unemployment | 0.4% | 0.6% | -20.0% |
| Poverty Rate | 6.5% | 0% | +650.0% |
| Bachelor's+ | 32% | 40.4% | -20.8% |
| Metric | Lake City | Elko New Market | Difference |
|---|---|---|---|
| Home Value | $234,100 | $407,400 | -42.5% |
| Median Rent | $1022/mo | $2311/mo | -55.8% |
| Housing Units | 2,682 | 1,682 | +59.5% |