Elko New Market vs Prior Lake

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

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

Prior Lake has the higher population (27,832 vs 4,915 in Elko New Market). Elko New Market has the higher median household income ($147,381 vs $130,278 in Prior Lake). Prior Lake has the higher median home value ($429,900 vs $407,400 in Elko New Market).

Population, income & housing

	Elko New Market	Prior Lake
Population	4,915	27,832
Median age	33.9 yrs	39.7 yrs
Median household income	$147,381	$130,278
Median home value	$407,400	$429,900
Median gross rent	$2,311	$1,548
Housing units	1,682	10,423
Homeownership rate	94.2%	85.6%
Bachelor's degree or higher	40.4%	51.5%
Unemployment rate	0.6%	1.2%

Trends (ACS 5-year, 2019–2023)

	Elko New Market	Prior Lake
Population	4,657 → 4,915 (+5.5%)	26,365 → 27,832 (+5.6%)
Median household income	$123,294 → $147,381 (+19.5%)	$109,604 → $130,278 (+18.9%)
Median home value	$298,500 → $407,400 (+36.5%)	$322,400 → $429,900 (+33.3%)
Median gross rent	$899 → $2,311 (+157.1%)	$1,143 → $1,548 (+35.4%)

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

Prior Lake

Population

26,36527,832

Median household income

$109,604$130,278

Median home value

$322,400$429,900

Median gross rent

$1,143$1,548

Age & race/ethnicity

Age distribution (share)

	Elko New Market	Prior Lake
Under 5	6.5%	5.9%
5 to 17	22.6%	19.8%
18 to 24	4.6%	8.5%
25 to 34	18.5%	9.8%
35 to 44	14.2%	13.5%
45 to 54	15.8%	14.2%
55 to 64	11.6%	13.5%
65 to 74	5.8%	9.6%
75 and over	0.4%	5.2%

Race & ethnicity (share)

	Elko New Market	Prior Lake
White (non-Hispanic)	80.7%	81.5%
Black or African American	6.7%	1.6%
American Indian & Alaska Native	0.0%	1.5%
Asian	1.4%	5.5%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.4%
Two or more races	6.3%	4.5%
Hispanic or Latino	4.9%	5.0%

Educational attainment (age 25+)

Share of adults 25+

	Elko New Market	Prior Lake
No high school diploma	4.3%	3.5%
High school graduate	13.7%	13.7%
Some college or associate's	41.7%	31.3%
Bachelor's degree	24.7%	36.2%
Graduate or professional degree	15.7%	15.3%

Commute to work

How workers get to work (share)

	Elko New Market	Prior Lake
Drove alone	76.0%	68.1%
Carpooled	2.8%	6.7%
Public transit	0.0%	1.0%
Walked	0.5%	1.0%
Bicycle	0.0%	0.0%
Worked from home	20.3%	22.0%
Other means	0.4%	1.3%

Housing

Units in structure (share)

	Elko New Market	Prior Lake
1-unit, detached	88.9%	71.1%
1-unit, attached	8.9%	17.1%
2 to 4 units	0.0%	1.0%
5 to 19 units	1.0%	1.2%
20 or more units	1.2%	9.5%
Mobile home & other	0.0%	0.0%

Poverty & households

	Elko New Market	Prior Lake
Poverty rate	0.0%	2.9%
Average household size	3.11	2.74
Mean commute (minutes)	28	25
Median year structure built	2004	1997