Elko New Market, MN — income, home value, property tax, and sales tax.
In ZIP code 55020, near Elko New Market, households report a median income of $131,071, while per-capita income sits at $53,372. A median home value of $455,500 pairs with a county-level effective property tax rate of 1.01%. Shoppers here also pay a combined 7.38% sales tax. Together, these figures sketch a community where earnings run well above the national midpoint and housing prices reflect that strength, with property taxes taking a little over one percent of value annually and sales taxes adding to everyday purchases.
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