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Cost of Living in Elko New Market, MN

2025 Affordability Data & Housing Costs

110.6

Cost of Living Index (100 = US Average)

Expensive

Median Home Value

$407,400

Owner-occupied homes (2023 ACS)

Median Household Income

$147,381

Annual (2023 ACS)

Housing Costs

The median home value in Elko New Market is $407,400, which is higher than the national average. The home price-to-income ratio is 2.8, indicating strong affordability.

Income & Purchasing Power

The median household income in Elko New Market is $147,381 annually.

Compare with Other Cities

View all cities in Minnesota

Frequently Asked Questions

What is the cost of living index in Elko New Market, MN?

The COL index is 110.6, which is higher than the US average of 100.

What is the median home value in Elko New Market?

The median home value is $407,400.

What is the median rent in Elko New Market?

Data not available.

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