Zip code 55020: Elko New Market, Minnesota

Q: What city is zip code 55020?

55020 is assigned to Elko New Market, Minnesota. The city name is the one the Postal Service prefers for mail addressed to this zip code.

Q: What county is 55020 in?

55020 is in Scott County, Minnesota.

Q: What is the population of 55020?

About 4,115 people live in 55020, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 55020?

The median household income in 55020 is $131,071.

Q: What zip codes are near 55020?

The closest zip codes to 55020 are 55054, 55088, 55044, 55372, 55046.

Residential delivery areaScott CountyCentral Time

Population

4,115

Median household income

$131K

U.S. $81K

Median home value

$456K

U.S. $333K

Median rent

—

U.S. $1,413

Median age

36.6

U.S. 38.9

Land area

24 sq mi

173 people/sq mi

Boundary is the Census Bureau's ZIP Code Tabulation Area, which closely tracks the postal delivery area.

About 55020

55020 is a small-town zip code in Elko New Market, Minnesota (Scott County), covering 24 sq mi of land. About 4,115 people live here, or 173 per square mile. The median resident is 36.6 years old, compared with 38.9 nationally.

The median household earns $131,071 a year, 62% above the national median of $80,734. 0.7% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $455,500, or 3.5 years of median household income (U.S.: 4.1 years), which makes homes about as affordable as the national average for local earners. 99% of occupied homes are lived in by their owners.

37% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 29.1 minutes each way, and 17% of workers work from home. The most common jobs among working residents are in office and administrative support; business and finance; and food service.

How 55020 compares

Sorted from highest to lowest national percentile

Homeownership rate99%
99th
StrengthU.S. 65.2% · MN 72.2%12th of 851 in MN
Rent-burdened renters100%
99th
WeaknessU.S. 51.1% · MN 48.1%17th of 828 in MN
Residents under 1829.8%
95th
U.S. 22% · MN 22.9%80th of 854 in MN
Median household income$131,071
90th
StrengthU.S. $80,734 · MN $89,06236th of 846 in MN
Median earnings per worker$70,388
87th
StrengthU.S. $49,666 · MN $54,38944th of 851 in MN
Per capita income$53,372
77th
U.S. $44,673 · MN $48,237104th of 853 in MN
Median home value$455,500
70th
U.S. $332,700 · MN $329,30047th of 842 in MN
Average commute29.1 min
69th
U.S. 26.4 min · MN 22.7 min180th of 849 in MN
Work from home16.8%
68th
U.S. 15.1% · MN 17.6%207th of 852 in MN
Tech workers3.9%
67th
U.S. 3.8% · MN 4%147th of 852 in MN
Government workers16.2%
67th
U.S. 14.5% · MN 12.9%221st of 852 in MN
Bachelor's degree or higher36.8%
60th
U.S. 35.7% · MN 39.4%151st of 854 in MN
Broadband access92.1%
50th
U.S. 91% · MN 91.6%225th of 851 in MN
Median age36.6
31st
U.S. 38.9 · MN 38.8716th of 854 in MN
Healthcare workers8.2%
31st
U.S. 9.7% · MN 10.9%619th of 852 in MN
Housing vacancy4.1%
23rd
U.S. 10.1% · MN 9.3%706th of 851 in MN
Foreign-born residents3.4%
21st
U.S. 14.1% · MN 8.7%280th of 854 in MN
Self-employed workers7.1%
21st
U.S. 10% · MN 9.3%735th of 852 in MN
Population density173/sq mi
19th
U.S. 95/sq mi · MN 72/sq mi201st of 854 in MN
Diversity index20
13th
U.S. 61.4 · MN 41.1414th of 854 in MN
Residents 65 and older11%
13th
U.S. 17.2% · MN 17.3%804th of 854 in MN
Veterans2.4%
10th
U.S. 6.2% · MN 5.9%829th of 854 in MN
Population4,115
7th
U.S. 334,922,499 · MN 5,739,445285th of 854 in MN
Unemployment rate1.6%
3rd
StrengthU.S. 5.2% · MN 4.1%694th of 853 in MN
Income inequality (Gini)0.354
3rd
StrengthU.S. 0.483 · MN 0.453745th of 848 in MN
Poverty rate0.7%
1st
StrengthU.S. 12.5% · MN 9.3%848th of 852 in MN
Uninsured rate0.6%
1st
StrengthU.S. 8.4% · MN 4.7%839th of 853 in MN

Measure	55020	Scott	MN	U.S.	National percentile	Rank in MN
Homeownership rateStrength	99%	83.8%	72.2%	65.2%	99th	12th of 851
Rent-burdened rentersWeakness	100%	51.9%	48.1%	51.1%	99th	17th of 828
Residents under 18	29.8%	25.8%	22.9%	22%	95th	80th of 854
Median household incomeStrength	$131,071	$119,314	$89,062	$80,734	90th	36th of 846
Median earnings per workerStrength	$70,388	$62,423	$54,389	$49,666	87th	44th of 851
Per capita income	$53,372	$54,014	$48,237	$44,673	77th	104th of 853
Median home value	$455,500	$419,400	$329,300	$332,700	70th	47th of 842
Average commute	29.1 min	24.8 min	22.7 min	26.4 min	69th	180th of 849
Work from home	16.8%	19.7%	17.6%	15.1%	68th	207th of 852
Tech workers	3.9%	4.6%	4%	3.8%	67th	147th of 852
Government workers	16.2%	11.2%	12.9%	14.5%	67th	221st of 852
Bachelor's degree or higher	36.8%	44.1%	39.4%	35.7%	60th	151st of 854
Broadband access	92.1%	95%	91.6%	91%	50th	225th of 851
Median age	36.6	37.8	38.8	38.9	31st	716th of 854
Healthcare workers	8.2%	8.9%	10.9%	9.7%	31st	619th of 852
Housing vacancy	4.1%	3%	9.3%	10.1%	23rd	706th of 851
Foreign-born residents	3.4%	10.2%	8.7%	14.1%	21st	280th of 854
Self-employed workers	7.1%	8.1%	9.3%	10%	21st	735th of 852
Population density	173/sq mi	434/sq mi	72/sq mi	95/sq mi	19th	201st of 854
Diversity index	20	41.4	41.1	61.4	13th	414th of 854
Residents 65 and older	11%	12.7%	17.3%	17.2%	13th	804th of 854
Veterans	2.4%	5.2%	5.9%	6.2%	10th	829th of 854
Population	4,115	154,557	5,739,445	334,922,499	7th	285th of 854
Unemployment rateStrength	1.6%	3.5%	4.1%	5.2%	3rd	694th of 853
Income inequality (Gini)Strength	0.354	0.412	0.453	0.483	3rd	745th of 848
Poverty rateStrength	0.7%	4.6%	9.3%	12.5%	1st	848th of 852
Uninsured rateStrength	0.6%	3.7%	4.7%	8.4%	1st	839th of 853

The percentile is the share of Americans who live in a zip code with a lower value, so the 50th percentile is typical. Rank 1 is the highest value in the state. Both include zip codes with at least 100 residents. Strengths and weaknesses mark measures in the best or worst fifth nationally, where higher or lower is clearly better (income, poverty, education, commute, broadband, insurance and similar). Measures like age or density are left unmarked.

People

Age

Under 5

22%

5–17

18–24

14%

25–34

13%

35–44

12%

45–54

17%

55–64

65–74

75+

Median age

36.6

Under 18

29.8%

65 and over

11%

Race and ethnicity

White89%
Black5%
Hispanic5%
Asian0%
Native American0.0%
Pacific Islander0%
Other0%
Multiracial0.3%

Diversity index

U.S. 61.4

Foreign-born

3.4%

U.S. 14.1%

Born in state

70.9%

Language spoken at home (households)

English only

89%

Spanish

Other Indo-European

Asian / Pacific

Other

Households

Households: 1,368
Average household size: 3
Family households: 94.7%
Married couples: 72%
Living alone: 2.6%
Veterans (of adults): 2.4%
Male / female: 49% / 51%

Income and poverty

Household income distribution

<$25k

$25–50k

$50–75k

12%

$75–100k

13%

$100–150k

18%

$150–200k

26%

$200k+

20%

Median household income

55020

$131,071

Scott Co.

$119,314

Minnesota

$89,062

United States

$80,734

Per capita income

$53,372

U.S. $44,673

Poverty rate

0.7%

U.S. 12.5%

Households earning $150K+

46.8%

U.S. 23%

Income inequality (Gini)

0.354

U.S. 0.483

Housing

Median home value

55020

$455,500

Scott Co.

$419,400

Minnesota

$329,300

United States

$332,700

Median gross rent

55020

—

Scott Co.

$1,568

Minnesota

$1,280

United States

$1,413

Types of housing

Single-family

99%

2–4 units

5–19 units

20+ units

Mobile home

Boat, RV, van

Housing units: 1,426
Owner-occupied: 99%
Vacant: 4.1%
Median year built: 2001
Median rooms: 8.5
Renters paying 30%+ of income: 100%
Renters paying 50%+ of income: 100%
Home value to income: 3.5× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

78%

Carpooled

Transit

0.0%

Walked

0.2%

Bicycle

Worked from home

17%

Other

0.4%

Commute time (one way)

<10 min

10–19

16%

20–29

31%

30–44

30%

45–59

15%

60+

Average commute

29.1 min

U.S. 26.4 min

Unemployment

1.6%

U.S. 5.2%

In labor force

77.3%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Office and admin

12%

Business and finance

11%

Food service

Management

Sales

Healthcare

Construction and repair

Engineering and science

Legal and social services

Police and fire

Computer and math

Education

Transportation and moving

Production

Cleaning and personal care

Arts, media and sports

0.3%

Farming, fishing and forestry

Industries

Health care and social assistance

13%

Manufacturing

11%

Finance, insurance and real estate

11%

Construction

Restaurants and hotels

Retail

Professional and technical services

Public administration

Admin, support and management

Education

Transportation, warehousing and utilities

Other services

Wholesale

Arts and recreation

Information

Agriculture and mining

Median earnings per worker

$70,388

U.S. $49,666

Self-employed

7.1%

U.S. 10%

Government workers

16.2%

U.S. 14.5%

Nonprofit workers

6.9%

U.S. 8.8%

Median earnings by type of work

Type of work	55020	U.S.
Management, business, science and arts	$107,846	$74,888
Service	$20,588	$26,804
Sales and office	$48,168	$40,476
Construction and maintenance	$40,474	$49,199
Production and transportation	$69,583	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

High school

22%

Some college

19%

Associate's

19%

Bachelor's

25%

Graduate

12%

High school graduate or higher: 97.7%
Bachelor's degree or higher: 36.8%
Graduate or professional degree: 12.1%
Households with broadband: 92.1%
Cable, fiber or DSL: 78.1%
No internet access: 6.5%
Without health insurance: 0.6%
Limited-English households: 1%

Geography

City (USPS): Elko New Market
State: Minnesota
County: Scott County
Center point: 44.5783° N, 93.3743° W
Land area: 24 sq mi
Water area: 0.2 sq mi
Time zone: Central Time (UTC-6, UTC-5 in summer)
Zip type: Residential delivery area

Cities and towns within this zip

Elko New Market10% of zip

Census places overlapping the zip's area. Mail may use a different city name than the municipality.

Zip codes near 55020

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
55054	Elko New Market, MN	1.3 mi	2,831	$157,096	$433,100
55088	Webster, MN	3.8 mi	1,812	$132,917	$510,300
55044	Lakeville, MN	6.5 mi	64,762	$141,551	$488,600
55372	Prior Lake, MN	7.4 mi	34,772	$145,499	$467,400
55046	Lonsdale, MN	9.5 mi	6,145	$95,912	$359,000
56071	New Prague, MN	11 mi	13,157	$115,690	$397,800
55010	Castle Rock, MN · PO box	11 mi	—	—	—
55306	Burnsville, MN	11 mi	16,830	$100,515	$374,700
55352	Jordan, MN	12 mi	10,515	$112,070	$414,300
55057	Northfield, MN	12 mi	25,650	$92,622	$363,600
55024	Farmington, MN	12 mi	37,287	$127,280	$378,700
55378	Savage, MN	13 mi	32,162	$124,871	$430,900

Zip codes like 55020 elsewhere

Matched on income, home values, age, density, education, housing and commuting

Questions about 55020

What city is zip code 55020?

55020 is assigned to Elko New Market, Minnesota. The city name is the one the Postal Service prefers for mail addressed to this zip code.

What county is 55020 in?

55020 is in Scott County, Minnesota.

What is the population of 55020?

About 4,115 people live in 55020, according to the Census Bureau's American Community Survey.

What time zone is 55020 in?

55020 is in Central Time.

What is the median household income in 55020?

The median household income in 55020 is $131,071.

What zip codes are near 55020?

The closest zip codes to 55020 are 55054, 55088, 55044, 55372, 55046.

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 55020, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.