Income & Economy in Elko New Market city, MN (55020)
Median Income
$127,159
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+312
Wealth inflow
Population
4,391
Unemployment
1.3%
2.4pp below US avg
IRS migration statistics show a net inflow of about 312 for ZIP 55020 (Elko New Market city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 55020 (2020–Present)
Since 2020, population declined 3.0%, median income fell 19.9% (inflation-adjusted), home values increased 1.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $127,159 |
| Unemployment | 1.3% |
| Establishments | 92 |
| Employees | 239 |