Last updated: 2024 BLS data · Page refreshed:
Elko New Market has a population of 5,002 with a median age of 33.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 5,002 |
| Median Age | 33.7 |
| White | 79.8% |
| Black or African American | 9.7% |
| Asian | 1.4% |
| Hispanic or Latino | 5.8% |
| Other / Two or More Races | 3.3% |
The median household income in Elko New Market is $152,150, which is 88.7% above the national median of $80,610. The per capita income is $52,477. The poverty rate is 1.1%.
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In Elko New Market, 95.4% of residents age 25+ have a high school diploma or higher, and 42.1% hold a bachelor's degree or higher (16.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.4% |
| Bachelor's Degree or Higher | 42.1% |
| Graduate or Professional Degree | 16.7% |
The median home value in Elko New Market is $433,100, above the national median of $303,400. The median monthly rent is $2,200. The homeownership rate is 95.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $433,100 |
| Median Monthly Rent | $2,200 |
| Homeownership Rate | 95.5% |
| Vacancy Rate | 7.8% |
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