Credit River vs Elko New Market

A side-by-side comparison of Credit River and Elko New Market: population, income, housing, and more.

Credit River and Elko New Market are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Credit River has the higher population (5,531 vs 4,915 in Elko New Market). Credit River has the higher median household income ($149,524 vs $147,381 in Elko New Market). Credit River has the higher median home value ($577,600 vs $407,400 in Elko New Market).

Population, income & housing

	Credit River	Elko New Market
Population	5,531	4,915
Median age	43.0 yrs	33.9 yrs
Median household income	$149,524	$147,381
Median home value	$577,600	$407,400
Median gross rent	$890	$2,311
Housing units	1,998	1,682
Homeownership rate	97.7%	94.2%
Bachelor's degree or higher	46.5%	40.4%
Unemployment rate	2.4%	0.6%

Trends (ACS 5-year, 2019–2023)

	Credit River	Elko New Market
Population	5,508 → 5,531 (+0.4%)	4,657 → 4,915 (+5.5%)
Median household income	$154,145 → $149,524 (-3.0%)	$123,294 → $147,381 (+19.5%)
Median home value	$576,900 → $577,600 (+0.1%)	$298,500 → $407,400 (+36.5%)
Median gross rent	$793 → $890 (+12.2%)	$899 → $2,311 (+157.1%)

Credit River

Population

5,5085,531

Median household income

$154,145$149,524

Median home value

$576,900$577,600

Median gross rent

$793$890

Elko New Market

Population

4,6574,915

Median household income

$123,294$147,381

Median home value

$298,500$407,400

Median gross rent

$899$2,311

Age & race/ethnicity

Age distribution (share)

	Credit River	Elko New Market
Under 5	5.9%	6.5%
5 to 17	16.4%	22.6%
18 to 24	9.5%	4.6%
25 to 34	10.5%	18.5%
35 to 44	10.2%	14.2%
45 to 54	10.6%	15.8%
55 to 64	24.9%	11.6%
65 to 74	9.3%	5.8%
75 and over	2.8%	0.4%

Race & ethnicity (share)

	Credit River	Elko New Market
White (non-Hispanic)	92.4%	80.7%
Black or African American	0.0%	6.7%
American Indian & Alaska Native	0.0%	0.0%
Asian	2.5%	1.4%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	1.6%	0.0%
Two or more races	2.3%	6.3%
Hispanic or Latino	1.1%	4.9%

Educational attainment (age 25+)

Share of adults 25+

	Credit River	Elko New Market
No high school diploma	0.5%	4.3%
High school graduate	20.9%	13.7%
Some college or associate's	32.2%	41.7%
Bachelor's degree	33.7%	24.7%
Graduate or professional degree	12.8%	15.7%

Commute to work

How workers get to work (share)

	Credit River	Elko New Market
Drove alone	73.7%	76.0%
Carpooled	1.1%	2.8%
Public transit	0.8%	0.0%
Walked	0.3%	0.5%
Bicycle	0.0%	0.0%
Worked from home	17.4%	20.3%
Other means	6.7%	0.4%

Housing

Units in structure (share)

	Credit River	Elko New Market
1-unit, detached	98.1%	88.9%
1-unit, attached	1.9%	8.9%
2 to 4 units	0.0%	0.0%
5 to 19 units	0.0%	1.0%
20 or more units	0.0%	1.2%
Mobile home & other	0.0%	0.0%

Poverty & households

	Credit River	Elko New Market
Poverty rate	1.6%	0.0%
Average household size	2.82	3.11
Mean commute (minutes)	25	28
Median year structure built	1989	2004