Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Schools
The schools category boasts a high score thanks to factors like excellent test scores, impressive graduation rates and the convenient placement of elementary and high schools in this area.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Cost Of Living
The cost of living in this area is notably high, making it a more expensive place to live. You'll find higher expenses for everyday goods and services, housing and groceries.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Elko New Market, Minnesota is a small-sized city with a population of 4,715 people. If we look at the most recent Census, Elko New Market is known to have a predominantly White population. The next two most common races are Black and Asian. The median age of all Elko New Market residents is 32, which is well below the national average. This is a good indication that this city could be ideal for a younger demographic. Elko New Market has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 81% of the population is classified as married and 70% have kids. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Elko New Market offers up a higher than average one way commute time of 31 minutes.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a good experience if you are willing to get to know the town before actually living in Elko New Market, Minnesota. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Finding the best places to live in Elko New Market and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes commute, health & safety, education, employment and other important metrics.
The livability score in Elko New Market is 68 out of 100 and the city is ranked in the 72nd percentile of all cities across America. Based on the grades for each individual category, Elko New Market has received high marks for crime (A+), education (A-) and housing (A+). There is at least one category that does not have great scores in Elko New Market. The following was graded with a disappointing score: amenities (F) and cost of living (F).
Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 20 crimes per 100,000 residents, Elko New Market has a violent crime rate that is far below the national average.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Elko New Market has an unemployment rate of 0.69% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
Standardized school test scores offer a valuable benchmark for assessing the quality of educational programs, instructional methods, and curriculum effectiveness. Recognizing that Elko New Market schools excel in test scores is a crucial consideration when determining the suitability of this area for residence. The local schools boast an impressive average test score of 67%, significantly higher than the national average. This stellar academic performance not only attests to the excellence of the educational system but also underscores the area's commitment to providing a high-quality education, making Elko New Market an appealing choice for those prioritizing their children's educational prospects.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Elko New Market apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Elko New Market is actually affordable. Median real estate prices in Elko New Market come in at $333,800, which is 74.3% higher than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Elko New Market, the home price to income ratio is 2.5, which is 16.7% lower than the Minnesota average.
| Statistic | Elko New Market | Minnesota | National |
| Average one way commute | 31min | 23min | 26min |
| Workers who drive to work | 85.4% | 78.0% | 76.4% |
| Workers who carpool | 7.9% | 8.7% | 9.3% |
| Workers who take public transit | 1.6% | 3.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 0.0% | 2.8% | 2.8% |
| Working from home | 5.1% | 5.3% | 4.6% |
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