Estimated zip code population in 2022: 4,335 Zip code population in 2010: 3,717 Zip code population in 2000: 2,326
Houses and condos: 1,491 Renter-occupied apartments: 7
% of renters here:
1%
State:
28%
March 2022 cost of living index in zip code 55020: 109.7 (more than average, U.S. average is 100)
Land area: 25.0 sq. mi. Water area: 0.2 sq. mi.
Population density: 174 people per square mile
(very low).
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Real estate property taxes paid for housing units in 2022:
This zip code:
1.0% ($4,583)
Minnesota:
1.0% ($3,087)
Median real estate property taxes paid for housing units with mortgages in 2022: $4,597 (1.0%) Median real estate property taxes paid for housing units with no mortgage in 2022: $4,466 (1.1%)
Estimated median house/condo value in 2022: $464,112
55020:
$464,112
Minnesota:
$314,600
Median resident age:
This zip code:
34.1 years
Minnesota median age:
39.0 years
Average household size:
This zip code:
3.0 people
Minnesota:
2.4 people
Averages for the 2020 tax year for zip code 55020, filed in 2021:
Average Adjusted Gross Income (AGI) in 2020: $105,201 (Individual Income Tax Returns)
Here:
$105,201
State:
$82,178
Salary/wage: $84,257 (reported on 88.0% of returns)
Here:
$84,257
State:
$67,438
(% of AGI for various income ranges: 1383.8% for AGIs below $25k, 4044.5% for AGIs $25k-50k, 6739.4% for AGIs $50k-75k, 10551.3% for AGIs $75k-100k, 19980.0% for AGIs $100k-200k, 74988.0% for AGIs over 200k)
Taxable interest for individuals: $1,040 (reported on 36.5% of returns)
This zip code:
$1,040
Minnesota:
$1,814
(% of AGI for various income ranges: 7.9% for AGIs below $25k, 33.2% for AGIs $25k-50k, 34.4% for AGIs $50k-75k, 66.0% for AGIs $75k-100k, 42.0% for AGIs $100k-200k, 710.0% for AGIs over 200k)
Ordinary dividends: $3,486 (reported on 25.0% of returns)
Here:
$3,486
State:
$6,928
(% of AGI for various income ranges: 18.6% for AGIs below $25k, 62.3% for AGIs $25k-50k, 50.0% for AGIs $50k-75k, 88.7% for AGIs $75k-100k, 150.6% for AGIs $100k-200k, 1604.0% for AGIs over 200k)
Net capital gain/loss in AGI: +$16,396 (reported on 23.0% of returns)
Here:
+$16,396
State:
+$20,591
(% of AGI for various income ranges: 4.1% for AGIs below $25k, 59.5% for AGIs $25k-50k, 42.2% for AGIs $50k-75k, 62.7% for AGIs $75k-100k, 437.7% for AGIs $100k-200k, 11394.0% for AGIs over 200k)
Profit/loss from business: +$14,806 (reported on 17.0% of returns)
Here:
+$14,806
State:
+$14,342
(% of AGI for various income ranges: 111.4% for AGIs below $25k, 199.1% for AGIs $25k-50k, 252.2% for AGIs $50k-75k, 368.7% for AGIs $75k-100k, 660.6% for AGIs $100k-200k, 1908.0% for AGIs over 200k)
Taxable individual retirement arrangement distribution: $21,885 (reported on 10.0% of returns)
55020:
$21,885
Minnesota:
$20,675
(% of AGI for various income ranges: 76.9% for AGIs below $25k, 126.8% for AGIs $25k-50k, 405.0% for AGIs $50k-75k, 753.7% for AGIs $100k-200k, 1016.0% for AGIs over 200k)
Total itemized deductions: $27,984 (reported on 15.5% of returns)
Here:
$27,984
State:
$33,311
(% of AGI for various income ranges: 339.5% for AGIs $25k-50k, 633.3% for AGIs $50k-75k, 737.3% for AGIs $75k-100k, 915.1% for AGIs $100k-200k, 4958.0% for AGIs over 200k)
Charity contributions: $5,892 (reported on 12.0% of returns)
Here:
$5,892
State:
$11,879
(% of AGI for various income ranges: 103.3% for AGIs $50k-75k, 124.7% for AGIs $75k-100k, 146.3% for AGIs $100k-200k, 1058.0% for AGIs over 200k)
Taxes paid: $8,610 (reported on 15.5% of returns)
55020:
$8,610
State:
$8,252
(% of AGI for various income ranges: 55.0% for AGIs $25k-50k, 192.2% for AGIs $50k-75k, 284.0% for AGIs $75k-100k, 307.4% for AGIs $100k-200k, 1400.0% for AGIs over 200k)
Earned income credit: $1,880 (reported on 5.0% of returns)
Here:
$1,880
State:
$2,055
(% of AGI for various income ranges: 41.0% for AGIs below $25k, 31.4% for AGIs $25k-50k)
Percentage of individuals using paid preparers for their 2020 taxes: 94.0%
Here:
94%
State:
94%
(% for various income ranges: 90.9% for AGIs below $25k, 93.3% for AGIs $25k-50k, 96.0% for AGIs $50k-75k, 95.5% for AGIs $75k-100k, 95.1% for AGIs $100k-200k, 94.4% for AGIs over 200k)
Averages for the 2012 tax year for zip code 55020, filed in 2013:
Average Adjusted Gross Income (AGI) in 2012: $77,309 (Individual Income Tax Returns)
Here:
$77,309
State:
$67,192
Salary/wage: $67,976 (reported on 90.6% of returns)
Here:
$67,976
State:
$55,182
(% of AGI for various income ranges: 83.2% for AGIs below $25k, 80.3% for AGIs $25k-50k, 79.9% for AGIs $50k-75k, 83.6% for AGIs $75k-100k, 85.6% for AGIs $100k-200k, 60.2% for AGIs over 200k)
Taxable interest for individuals: $816 (reported on 40.0% of returns)
This zip code:
$816
Minnesota:
$1,664
(% of AGI for various income ranges: 1.2% for AGIs below $25k, 0.3% for AGIs $25k-50k, 0.7% for AGIs $50k-75k, 0.3% for AGIs $75k-100k, 0.3% for AGIs $100k-200k, 0.4% for AGIs over 200k)
Ordinary dividends: $2,351 (reported on 24.1% of returns)
Here:
$2,351
State:
$5,665
(% of AGI for various income ranges: 0.5% for AGIs below $25k, 0.7% for AGIs $25k-50k, 0.5% for AGIs $50k-75k, 0.5% for AGIs $75k-100k, 0.7% for AGIs $100k-200k, 1.3% for AGIs over 200k)
Net capital gain/loss in AGI: +$5,600 (reported on 21.2% of returns)
Here:
+$5,600
State:
+$16,131
(% of AGI for various income ranges: 0.4% for AGIs $25k-50k, 1.1% for AGIs $50k-75k, 1.0% for AGIs $75k-100k, 1.0% for AGIs $100k-200k, 4.6% for AGIs over 200k)
Profit/loss from business: +$9,441 (reported on 18.8% of returns)
Here:
+$9,441
State:
+$12,430
(% of AGI for various income ranges: 6.4% for AGIs below $25k, 5.5% for AGIs $25k-50k, 4.5% for AGIs $50k-75k, 2.9% for AGIs $75k-100k, 1.5% for AGIs $100k-200k)
Taxable individual retirement arrangement distribution: $17,577 (reported on 7.6% of returns)
55020:
$17,577
Minnesota:
$15,212
(% of AGI for various income ranges: 4.2% for AGIs below $25k, 1.7% for AGIs $25k-50k, 1.8% for AGIs $50k-75k, 2.3% for AGIs $75k-100k, 2.0% for AGIs $100k-200k)
Total itemized deductions: $23,884 (21% of AGI, reported on 57.6% of returns)
Here:
$23,884
State:
$24,665
Here:
21.3% of AGI
State:
19.6% of AGI
(% of AGI for various income ranges: 16.0% for AGIs below $25k, 17.2% for AGIs $25k-50k, 20.0% for AGIs $50k-75k, 19.9% for AGIs $75k-100k, 18.3% for AGIs $100k-200k, 13.8% for AGIs over 200k)
Charity contributions: $2,822 (reported on 48.2% of returns)
Here:
$2,822
State:
$3,948
(% of AGI for various income ranges: 0.6% for AGIs below $25k, 1.3% for AGIs $25k-50k, 1.5% for AGIs $50k-75k, 1.6% for AGIs $75k-100k, 1.9% for AGIs $100k-200k, 2.2% for AGIs over 200k)
Taxes paid: $9,713 (reported on 57.6% of returns)
55020:
$9,713
State:
$10,589
(% of AGI for various income ranges: 3.0% for AGIs below $25k, 5.1% for AGIs $25k-50k, 6.3% for AGIs $50k-75k, 7.3% for AGIs $75k-100k, 8.0% for AGIs $100k-200k, 7.7% for AGIs over 200k)
Earned income credit: $1,808 (reported on 7.1% of returns)
Here:
$1,808
State:
$2,037
(% of AGI for various income ranges: 2.8% for AGIs below $25k, 0.9% for AGIs $25k-50k)
Percentage of individuals using paid preparers for their 2012 taxes: 54.1%
Here:
54%
State:
55%
(% for various income ranges: 40.9% for AGIs below $25k, 55.6% for AGIs $25k-50k, 59.3% for AGIs $50k-75k, 60.9% for AGIs $75k-100k, 58.1% for AGIs $100k-200k, 66.7% for AGIs over 200k)
Averages for the 2004 tax year for zip code 55020, filed in 2005:
Average Adjusted Gross Income (AGI) in 2004: $66,969 (Individual Income Tax Returns)
Here:
$66,969
State:
$53,560
Salary/wage: $61,339 (reported on 91.8% of returns)
Here:
$61,339
State:
$46,177
(% of AGI for various income ranges: 143.0% for AGIs below $10k, 83.3% for AGIs $10k-25k, 84.4% for AGIs $25k-50k, 84.5% for AGIs $50k-75k, 92.3% for AGIs $75k-100k, 78.7% for AGIs over 100k)
Taxable interest for individuals: $1,138 (reported on 52.0% of returns)
This zip code:
$1,138
Minnesota:
$1,796
(% of AGI for various income ranges: 7.5% for AGIs below $10k, 2.6% for AGIs $10k-25k, 0.8% for AGIs $25k-50k, 0.6% for AGIs $50k-75k, 0.3% for AGIs $75k-100k, 1.1% for AGIs over 100k)
Taxable dividends: $829 (reported on 28.6% of returns)
Here:
$829
State:
$3,096
(% of AGI for various income ranges: 2.4% for AGIs below $10k, 0.6% for AGIs $10k-25k, 0.8% for AGIs $25k-50k, 0.2% for AGIs $50k-75k, 0.2% for AGIs $75k-100k, 0.3% for AGIs over 100k)
Net capital gain/loss: +$5,165 (reported on 23.2% of returns)
Here:
+$5,165
State:
+$10,864
(% of AGI for various income ranges: 7.5% for AGIs below $10k, 1.1% for AGIs $10k-25k, -0.2% for AGIs $25k-50k, 1.4% for AGIs $50k-75k, 1.2% for AGIs $75k-100k, 2.6% for AGIs over 100k)
Profit/loss from business: +$8,482 (reported on 20.0% of returns)
Here:
+$8,482
State:
+$10,442
(% of AGI for various income ranges: -9.2% for AGIs below $10k, 7.5% for AGIs $10k-25k, 4.1% for AGIs $25k-50k, 4.6% for AGIs $50k-75k, 2.6% for AGIs $75k-100k, 1.2% for AGIs over 100k)
IRA payment deduction: $3,032 (reported on 2.5% of returns)
55020:
$3,032
Minnesota:
$2,955
Total itemized deductions: $22,460 (24% of AGI, reported on 63.7% of returns)
Here:
$22,460
State:
$20,035
Here:
24.3% of AGI
State:
21.3% of AGI
(% of AGI for various income ranges: 24.3% for AGIs $10k-25k, 24.9% for AGIs $25k-50k, 24.3% for AGIs $50k-75k, 23.5% for AGIs $75k-100k, 18.5% for AGIs over 100k)
Charity contributions deductions: $2,657 (3% of AGI, reported on 59.1% of returns)
Here:
$2,657
State:
$3,333
Here:
2.8% of AGI
State:
3.4% of AGI
(% of AGI for various income ranges: 2.0% for AGIs $10k-25k, 2.1% for AGIs $25k-50k, 2.0% for AGIs $50k-75k, 2.4% for AGIs $75k-100k, 2.6% for AGIs over 100k)
Total tax: $8,872 (reported on 85.5% of returns)
55020:
$8,872
State:
$8,485
(% of AGI for various income ranges: 3.7% for AGIs below $10k, 5.5% for AGIs $10k-25k, 7.1% for AGIs $25k-50k, 7.1% for AGIs $50k-75k, 8.1% for AGIs $75k-100k, 16.0% for AGIs over 100k)
Earned income credit: $1,340 (reported on 3.8% of returns)
Here:
$1,340
State:
$1,523
Percentage of individuals using paid preparers for their 2004 taxes: 61.9%
Here:
62%
State:
59%
(% for various income ranges: 54.4% for AGIs below $10k, 48.5% for AGIs $10k-25k, 63.1% for AGIs $25k-50k, 68.4% for AGIs $50k-75k, 69.1% for AGIs $75k-100k, 60.9% for AGIs over 100k)
Household received Food Stamps/SNAP in the past 12 months: 0 Household did not receive Food Stamps/SNAP in the past 12 months: 1,417
Women who had a birth in the past 12 months: 70 (71 now married, 0 unmarried) Women who did not have a birth in the past 12 months: 961 (593 now married, 368 unmarried)
Housing units in zip code 55020 with a mortgage: 1,145 (106 second mortgage, 85 both second mortgage and home equity loan) Median monthly owner costs for units with a mortgage: $2,388 Median monthly owner costs for units without a mortgage: $655
Residents with income below the poverty level in 2022:
This zip code:
2.7%
Whole state:
9.6%
Residents with income below 50% of the poverty level in 2022:
This zip code:
2.4%
Whole state:
5.2%
Median number of rooms in houses and condos:
Here:
8.2
State:
7.1
Notable locations in this zip code not listed on our city pages
Notable locations in zip code 55020: Minnesota National Speedway (A), New Market South Bend Rest Area (B), Elko (C), Thompson's Hillcrest Orchard (D), New Market Public Library (E), Elko New Market Fire Department (F), New Market City Hall (G). Display/hide their locations on the map
In group quarters: 23 (-1 institutionalized population)
Size of family households: 542 2-persons, 349 3-persons, 257 4-persons, 152 5-persons, 15 6-persons, 18 7-or-more-persons
Size of nonfamily households: 52 1-person, 16 2-persons, 5 4-persons
1,146 married couples with children.
51 single-parent households (51 women).
94.2% of residents of 55020 zip code speak English at home.
1.6% of residents speak Spanish at home (51% very well, 49% well).
2.1% of residents speak other Indo-European language at home (100% very well).
0.2% of residents speak Asian or Pacific Island language at home (67% very well, 33% well).
0.9% of residents speak other language at home (100% well).
Foreign born population: 170 (3.9%) (69.5% of them are naturalized citizens)
This zip code:
3.9%
Whole state:
8.7%
22%Ethiopia
21%Japan
20%Chile
14%Honduras
11%France
11%Romania
2%Bhutan
30%German
17%American
9%Norwegian
8%European
6%Scandinavian
5%English
3%Swedish
Year of entry for the foreign-born population
132010 or later
1072000 to 2009
341990 to 1999
25Before 1990
Facilities with environmental interests located in this zip code:
ELKO/NEW MARKET WWTP (25499 NATCHEZ AVE in ELKO, MN)
STATE MASTER (Minnesota Pollution Control Agency permits and compilance tracking) - PCS-MN0056219, NPDES NON-MAJOR CRITERIA AND HAZARDOUS AIR POLLUTANT INVENTORY (Inventory of air pollution sources) National Pollutant Discharge Elimination System NON-MAJOR (Tracking pollutant discharge elimination systems) - permit Business SIC classification: SEWERAGE SYSTEMS Business NAICS classification: SEWAGE TREATMENT FACILITIES. Organizations: ELKO-NEW MARKET JOINT SEWER BOARD (CONTACT/OWNER)
G&T TRUCKING CO (11111 DEUCE RD in ELKO, MN)
STATE MASTER (Minnesota Pollution Control Agency permits and compilance tracking) - RCRIS-MND064770266, HAZARDOUS WASTE PROGRAM Small Quantity Generators, between 100 kg and 1000 kg of hazardous waste/month (Resource Conservation and Recovery Act (tracking hazardous waste)) - notification TRANSPORTER (Resource Conservation and Recovery Act (tracking hazardous waste)) - notification Organizations: G & T TRUCKING CO (CONTACT/OWNER)
B & J TRUCKING (7720 E 270TH ST in ELKO, MN)
STATE MASTER (Minnesota Pollution Control Agency permits and compilance tracking) - RCRAINFO-MNR000014928, CESQG, RCRIS-MNR000014928, Conditionally Exempt Small Quantity Generators, less than 100 kg/month of hazardous waste (Resource Conservation and Recovery Act (tracking hazardous waste)) - notification
BODYWERKS (26106 NEWTON CIRCLE in ELKO, MN)
STATE MASTER (Minnesota Pollution Control Agency permits and compilance tracking) - RCRAINFO-MNR000021915, CESQG, RCRIS-MNR000021915, Conditionally Exempt Small Quantity Generators, less than 100 kg/month of hazardous waste (Resource Conservation and Recovery Act (tracking hazardous waste)) - notification
NIEMEYERS (10405 260TH ST in ELKO, MN)
STATE MASTER (Minnesota Pollution Control Agency permits and compilance tracking) - RCRAINFO-MND985708098, CESQG, RCRIS-MND985708098, Conditionally Exempt Small Quantity Generators, less than 100 kg/month of hazardous waste (Resource Conservation and Recovery Act (tracking hazardous waste)) - notification Business SIC classification: AUTOMOTIVE DEALERS Organizations: NIEMEYER JAMES (CONTACT/OWNER)
, NIEMEYERS TRAILER SALES (CONTACT/OWNER)
Alternative names: NIEMEYERS TRAILER SALES
FINE LINE AUTO BODY INC (25031 NATCHEZ AVE in ELKO, MN)
STATE MASTER (Minnesota Pollution Control Agency permits and compilance tracking) - RCRAINFO-MND985758176, CESQG, RCRIS-MND985758176, Conditionally Exempt Small Quantity Generators, less than 100 kg/month of hazardous waste (Resource Conservation and Recovery Act (tracking hazardous waste)) - notification Business SIC classification: TOP, BODY, AND UPHOLSTERY REPAIR SHOPS AND PAINT SHOPS Organizations: EARL LARRY (CONTACT/OWNER)
(Resource Conservation and Recovery Act (tracking hazardous waste))
ELKO/NEW MARKET (T113N R21W S22 in ELKO, MN)
National Pollutant Discharge Elimination System NON-MAJOR (Tracking pollutant discharge elimination systems) - permit Business SIC classification: SEWERAGE SYSTEMS
ELKO MOTORSPORTS (27635 BEARD AVE in ELKO, MN)
Conditionally Exempt Small Quantity Generators, less than 100 kg/month of hazardous waste (Resource Conservation and Recovery Act (tracking hazardous waste)) - notification Organizations: ROWE JOHN (CONTACT/OWNER)
79.7%Utility gas
7.3%Bottled, tank, or LP gas
6.7%Electricity
6.0%Wood
Population in 1990: 4,146.
Place of birth for U.S.-born residents:
This state: 3,140
Northeast: 88
Midwest: 583
South: 77
West: 241
65% of the 55020 zip code residents lived in the same house 5 years ago. Out of people who lived in different houses, 19% lived in this county. Out of people who lived in different counties, 50% lived in Minnesota.
87% of the 55020 zip code residents lived in the same house 1 year ago. Out of people who lived in different houses, 9% moved from this county. Out of people who lived in different houses, 43% moved from different county within same state. Out of people who lived in different houses, 56% moved from different state.
Private vs. public school enrollment:
Students in private schools in grades 1 to 8 (elementary and middle school): 163
Here:
28.5%
Minnesota:
12.9%
Students in private schools in grades 9 to 12 (high school): 39
Here:
19.0%
Minnesota:
8.6%
Students in private undergraduate colleges: 44
Here:
22.2%
Minnesota:
26.2%
Occupation by median earnings in the past 12 months ($)
125,033Legal occupations
112,116Management occupations
110,627Business and financial operations occupations
100,198Computer and mathematical occupations
88,461Community and social service occupations
85,023Architecture and engineering occupations
Companies with federal contracts located in this zip code:
A-1 JANITORIAL (5210 280TH ST E in ELKO, MN; small business) : $12,000 in 2 contractsin 2002
$12,000 with Navy for Custodial Janitorial Services. Signed on 2002-11-07. Completion date: 2002-09-30.
$0, same as above.Signed on 2002-11-07. Completion date: 2002-09-30.
HIGHLIFT EQUIPMENT COMPANY INC (26106 NEWTON CIR UNIT #6 in ELKO, MN; small business) : $10,675 in 2 contractsin 2004
$7,728 with Army for Aircraft Ground Servicing Equipment. Signed on 2004-08-30. Completion date: 2004-09-30.
$2,947, same as above.Signed on 2004-05-11. Completion date: 2004-07-10.
Top industries in this zip code by the number of employees in 2005:
Administrative and Support and Waste Management and Remediation Services: Landscaping Services (50-99 employees: 1 establishment, 1-4 employees: 3 establishments)
Construction: Drywall and Insulation Contractors (20-49: 2, 5-9: 1)
Wholesale Trade: Farm and Garden Machinery and Equipment Merchant Wholesalers (20-49: 1)
Construction: New Single-Family Housing Construction (except Operative Builders) (5-9: 2, 1-4: 2)
Detailed PMIC statistics for the following Tracts:0811.00
2002 - 2018 National Fire Incident Reporting System (NFIRS) incidents
Based on the data from the years 2002 - 2018 the average number of fire incidents per year is 9. The highest number of fires - 17 took place in 2018, and the least - 2 in 2007. The data has an increasing trend.
When looking into fire subcategories, the most incidents belonged to: Outside Fires (46.6%), and Structure Fires (28.4%).
Fire incident types reported to NFIRS in Zip Code 55020