Zip code 55054: Elko New Market, Minnesota

Q: What city is zip code 55054?

55054 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 55054 in?

55054 is in Scott County, Minnesota.

Q: What is the population of 55054?

About 2,831 people live in 55054, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 55054?

The median household income in 55054 is $157,096.

Q: What zip codes are near 55054?

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

Residential delivery areaScott CountyCentral Time

Population

2,831

Median household income

$157K

U.S. $81K

Median home value

$433K

U.S. $333K

Median rent

$2,200/mo

U.S. $1,413

Median age

33.7

U.S. 38.9

Land area

1 sq mi

2,820 people/sq mi

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

About 55054

55054 is an urban zip code in Elko New Market, Minnesota (Scott County), covering 1 sq mi of land. About 2,831 people live here, or 2,820 per square mile. The median resident is 33.7 years old, compared with 38.9 nationally.

The median household earns $157,096 a year, about 1.9× the national median of $80,734. 1.8% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $433,100, or 2.8 years of median household income (U.S.: 4.1 years), which makes homes relatively affordable for local earners. 92% of occupied homes are lived in by their owners, and renters pay a median of $2,200 a month.

46% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 29.1 minutes each way, and 18% of workers work from home. The most common jobs among working residents are in business and finance; healthcare; and management.

How 55054 compares

Sorted from highest to lowest national percentile

Broadband access98.5%
99th
StrengthU.S. 91% · MN 91.6%8th of 851 in MN
Homeownership rate92.1%
98th
StrengthU.S. 65.2% · MN 72.2%135th of 851 in MN
Median household income$157,096
96th
StrengthU.S. $80,734 · MN $89,0628th of 846 in MN
Residents under 1830%
95th
U.S. 22% · MN 22.9%76th of 854 in MN
Median gross rent$2,200
90th
U.S. $1,413 · MN $1,2803rd of 757 in MN
Median earnings per worker$72,510
89th
StrengthU.S. $49,666 · MN $54,38940th of 851 in MN
Per capita income$51,785
75th
U.S. $44,673 · MN $48,237117th of 853 in MN
Healthcare workers11.4%
75th
U.S. 9.7% · MN 10.9%314th of 852 in MN
Bachelor's degree or higher45.5%
73rd
U.S. 35.7% · MN 39.4%104th of 854 in MN
Work from home18.1%
72nd
U.S. 15.1% · MN 17.6%174th of 852 in MN
Average commute29.1 min
69th
U.S. 26.4 min · MN 22.7 min181st of 849 in MN
Housing vacancy9.4%
68th
U.S. 10.1% · MN 9.3%444th of 851 in MN
Median home value$433,100
67th
U.S. $332,700 · MN $329,30057th of 842 in MN
Population density2,820/sq mi
65th
U.S. 95/sq mi · MN 72/sq mi68th of 854 in MN
Tech workers2.6%
45th
U.S. 3.8% · MN 4%248th of 852 in MN
Diversity index40.8
37th
U.S. 61.4 · MN 41.1133rd of 854 in MN
Foreign-born residents4.5%
26th
U.S. 14.1% · MN 8.7%229th of 854 in MN
Government workers10.7%
24th
U.S. 14.5% · MN 12.9%619th of 852 in MN
Median age33.7
14th
U.S. 38.9 · MN 38.8797th of 854 in MN
Self-employed workers6.5%
14th
U.S. 10% · MN 9.3%767th of 852 in MN
Uninsured rate2.1%
6th
StrengthU.S. 8.4% · MN 4.7%733rd of 853 in MN
Population2,831
5th
U.S. 334,922,499 · MN 5,739,445347th of 854 in MN
Veterans1.5%
3rd
U.S. 6.2% · MN 5.9%838th of 854 in MN
Poverty rate1.8%
1st
StrengthU.S. 12.5% · MN 9.3%838th of 852 in MN
Unemployment rate0%
1st
StrengthU.S. 5.2% · MN 4.1%846th of 853 in MN
Rent-burdened renters15.7%
1st
StrengthU.S. 51.1% · MN 48.1%733rd of 828 in MN
Residents 65 and older3.5%
1st
U.S. 17.2% · MN 17.3%849th of 854 in MN
Income inequality (Gini)0.261
1st
StrengthU.S. 0.483 · MN 0.453846th of 848 in MN

Measure	55054	Scott	MN	U.S.	National percentile	Rank in MN
Broadband accessStrength	98.5%	95%	91.6%	91%	99th	8th of 851
Homeownership rateStrength	92.1%	83.8%	72.2%	65.2%	98th	135th of 851
Median household incomeStrength	$157,096	$119,314	$89,062	$80,734	96th	8th of 846
Residents under 18	30%	25.8%	22.9%	22%	95th	76th of 854
Median gross rent	$2,200	$1,568	$1,280	$1,413	90th	3rd of 757
Median earnings per workerStrength	$72,510	$62,423	$54,389	$49,666	89th	40th of 851
Per capita income	$51,785	$54,014	$48,237	$44,673	75th	117th of 853
Healthcare workers	11.4%	8.9%	10.9%	9.7%	75th	314th of 852
Bachelor's degree or higher	45.5%	44.1%	39.4%	35.7%	73rd	104th of 854
Work from home	18.1%	19.7%	17.6%	15.1%	72nd	174th of 852
Average commute	29.1 min	24.8 min	22.7 min	26.4 min	69th	181st of 849
Housing vacancy	9.4%	3%	9.3%	10.1%	68th	444th of 851
Median home value	$433,100	$419,400	$329,300	$332,700	67th	57th of 842
Population density	2,820/sq mi	434/sq mi	72/sq mi	95/sq mi	65th	68th of 854
Tech workers	2.6%	4.6%	4%	3.8%	45th	248th of 852
Diversity index	40.8	41.4	41.1	61.4	37th	133rd of 854
Foreign-born residents	4.5%	10.2%	8.7%	14.1%	26th	229th of 854
Government workers	10.7%	11.2%	12.9%	14.5%	24th	619th of 852
Median age	33.7	37.8	38.8	38.9	14th	797th of 854
Self-employed workers	6.5%	8.1%	9.3%	10%	14th	767th of 852
Uninsured rateStrength	2.1%	3.7%	4.7%	8.4%	6th	733rd of 853
Population	2,831	154,557	5,739,445	334,922,499	5th	347th of 854
Veterans	1.5%	5.2%	5.9%	6.2%	3rd	838th of 854
Poverty rateStrength	1.8%	4.6%	9.3%	12.5%	1st	838th of 852
Unemployment rateStrength	0%	3.5%	4.1%	5.2%	1st	846th of 853
Rent-burdened rentersStrength	15.7%	51.9%	48.1%	51.1%	1st	733rd of 828
Residents 65 and older	3.5%	12.7%	17.3%	17.2%	1st	849th of 854
Income inequality (Gini)Strength	0.261	0.412	0.453	0.483	1st	846th of 848

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

27%

5–17

10%

18–24

13%

25–34

16%

35–44

16%

45–54

11%

55–64

65–74

75+

Median age

33.7

Under 18

30%

65 and over

3.5%

Race and ethnicity

White76%
Black9%
Hispanic4%
Asian2%
Native American0%
Pacific Islander0%
Other0%
Multiracial9%

Diversity index

40.8

U.S. 61.4

Foreign-born

4.5%

U.S. 14.1%

Born in state

74.8%

Language spoken at home (households)

English only

91%

Spanish

Other Indo-European

Asian / Pacific

Other

Households

Households: 881
Average household size: 3.2
Family households: 89.3%
Married couples: 81.7%
Living alone: 5.7%
Veterans (of adults): 1.5%
Male / female: 51% / 49%

Income and poverty

Household income distribution

<$25k

$25–50k

$50–75k

$75–100k

$100–150k

29%

$150–200k

27%

$200k+

29%

Median household income

55054

$157,096

Scott Co.

$119,314

Minnesota

$89,062

United States

$80,734

Per capita income

$51,785

U.S. $44,673

Poverty rate

1.8%

U.S. 12.5%

Households earning $150K+

56.1%

U.S. 23%

Income inequality (Gini)

0.261

U.S. 0.483

Housing

Median home value

55054

$433,100

Scott Co.

$419,400

Minnesota

$329,300

United States

$332,700

Median gross rent

55054

$2,200

Scott Co.

$1,568

Minnesota

$1,280

United States

$1,413

Types of housing

Single-family

98%

2–4 units

5–19 units

20+ units

Mobile home

Boat, RV, van

Housing units: 972
Owner-occupied: 92.1%
Vacant: 9.4%
Median year built: 2005
Median rooms: 8.1
Renters paying 30%+ of income: 15.7%
Renters paying 50%+ of income: 15.7%
Home value to income: 2.8× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

71%

Carpooled

Transit

Walked

Bicycle

Worked from home

18%

Other

0.8%

Commute time (one way)

<10 min

10–19

17%

20–29

24%

30–44

35%

45–59

12%

60+

Average commute

29.1 min

U.S. 26.4 min

Unemployment

U.S. 5.2%

In labor force

81.1%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Business and finance

11%

Healthcare

11%

Management

10%

Office and admin

Engineering and science

Production

Sales

Education

Cleaning and personal care

Construction and repair

Legal and social services

Food service

Police and fire

Computer and math

Transportation and moving

Arts, media and sports

Farming, fishing and forestry

0.8%

Industries

Manufacturing

21%

Health care and social assistance

18%

Finance, insurance and real estate

Retail

Education

Admin, support and management

Public administration

Other services

Construction

Transportation, warehousing and utilities

Arts and recreation

Professional and technical services

Restaurants and hotels

Wholesale

Agriculture and mining

0.8%

Information

Median earnings per worker

$72,510

U.S. $49,666

Self-employed

6.5%

U.S. 10%

Government workers

10.7%

U.S. 14.5%

Nonprofit workers

12.7%

U.S. 8.8%

Median earnings by type of work

Type of work	55054	U.S.
Management, business, science and arts	$87,662	$74,888
Service	$30,781	$26,804
Sales and office	$70,238	$40,476
Construction and maintenance	$83,690	$49,199
Production and transportation	$61,179	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

High school

14%

Some college

17%

Associate's

18%

Bachelor's

28%

Graduate

18%

High school graduate or higher: 95%
Bachelor's degree or higher: 45.5%
Graduate or professional degree: 17.7%
Households with broadband: 98.5%
Cable, fiber or DSL: 82%
No internet access: 1.5%
Without health insurance: 2.1%
Limited-English households: 0%

Geography

City (USPS): Elko New Market
State: Minnesota
County: Scott County
Center point: 44.5715° N, 93.3507° W
Land area: 1 sq mi
Water area: under 0.1 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 Market100% of zip

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

Zip codes near 55054

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
55020	Elko New Market, MN	1.3 mi	4,115	$131,071	$455,500
55088	Webster, MN	3.7 mi	1,812	$132,917	$510,300
55044	Lakeville, MN	6.1 mi	64,762	$141,551	$488,600
55372	Prior Lake, MN	8.3 mi	34,772	$145,499	$467,400
55046	Lonsdale, MN	9.4 mi	6,145	$95,912	$359,000
55010	Castle Rock, MN · PO box	9.9 mi	—	—	—
55057	Northfield, MN	11 mi	25,650	$92,622	$363,600
55024	Farmington, MN	11 mi	37,287	$127,280	$378,700
55306	Burnsville, MN	11 mi	16,830	$100,515	$374,700
56071	New Prague, MN	12 mi	13,157	$115,690	$397,800
55019	Dundas, MN	12 mi	2,305	$117,381	$350,700
55378	Savage, MN	13 mi	32,162	$124,871	$430,900

Zip codes like 55054 elsewhere

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

Questions about 55054

What city is zip code 55054?

55054 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 55054 in?

55054 is in Scott County, Minnesota.

What is the population of 55054?

About 2,831 people live in 55054, according to the Census Bureau's American Community Survey.

What time zone is 55054 in?

55054 is in Central Time.

What is the median household income in 55054?

The median household income in 55054 is $157,096.

What zip codes are near 55054?

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

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 55054, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.