55054 ZIP Code – Elko New Market, Minnesota
55054 is a small ZIP code in Elko New Market, Minnesota, part of Scott County with a population of approximately 2,635 residents. At $152,500, the median household income here runs well above the Minnesota average and well above the U.S. average. At $399,100, median home values run well above the national average, with 92.1% owner-occupied housing (increasing). ; median rent of $1,441 is similarly above the national average. Housing consists of 98% single-family (increasing).
The area reports an unemployment rate of 1.1%, well below the national average. 40.9% of adults hold a bachelor's degree or higher, well above the U.S. average. The population has a median age of 40.1, near the national median. ZIP codes in the surrounding area include 55020, 55088, 55044.
ZIP Code 55054 Data
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ZIP 55054 vs. Minnesota vs. U.S.
| Metric | ZIP 55054 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 2,635 | 6,531 | 10k |
| Median Household Income | $152k | $77k | $73k |
| Median Home Value | $399k | $223k | $258k |
| Median Rent | $1,441 | $954 | $1,088 |
| Median Age | 40.1 | 43.2 | 43.2 |
| Unemployment Rate | 1.1% | 4.0% | 5.0% |
| Poverty Rate | 0.0% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 40.9% | 26.4% | 26.9% |
Demographics Charts
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Gender
Education Level (adults 25+)
Nearby ZIP Codes
- 55020 – Elko New Market
- 55088 – Webster
- 55044 – Lakeville
- 55372 – Prior Lake
- 55046 – Lonsdale
- 55057 – Northfield
- 55024 – Farmington
- 55306 – Burnsville
- 56071 – New Prague
- 55019 – Dundas
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55020 | ELKO NEW MARKET | 4,319 | $140,417 |
| 55088 | WEBSTER | 1,668 | $132,917 |
| 55044 | LAKEVILLE | 61,134 | $133,085 |
| 55372 | PRIOR LAKE | 34,184 | $137,301 |
| 55046 | LONSDALE | 5,999 | $95,027 |