55054 Zip Code (Elko New Market, MN) Detailed Profile

Estimated zip code population in 2022: 2,645

Houses and condos: 954
Renter-occupied apartments: 144
March 2022 cost of living index in zip code 55054: 97.3 (near average, U.S. average is 100)

Land area: 1.2 sq. mi.
Water area: 0.0 sq. mi.

Population density: 2,216 people per square mile

(low).

Real estate property taxes paid for housing units in 2022:
Median real estate property taxes paid for housing units with mortgages in 2022: $4,603 (1.0%)
Median real estate property taxes paid for housing units with no mortgage in 2022: $5,087 (1.3%)

For population 25 years and over in 55054:

• High school or higher: 97.1%
• Bachelor's degree or higher: 42.4%
• Graduate or professional degree: 16.1%
• Unemployed: 1.0%
• Mean travel time to work (commute): 28.0 minutes

For population 15 years and over in 55054:

• Never married: 19.7%
• Now married: 76.4%
• Separated: 0.0%
• Widowed: 0.9%
• Divorced: 3.0%

100% urban population.

Averages for the 2020 tax year for zip code 55054, filed in 2021:

Average Adjusted Gross Income (AGI) in 2020: $86,310 (Individual Income Tax Returns)

Here:	$86,310
State:	$82,178

Salary/wage: $81,241 (reported on 90.7% of returns)

Here:	$81,241
State:	$67,438

(% of AGI for various income ranges: 1188.8% for AGIs below $25k, 3686.4% for AGIs $25k-50k, 6679.2% for AGIs $50k-75k, 9288.2% for AGIs $75k-100k, 20555.0% for AGIs $100k-200k, 71585.0% for AGIs over 200k)

Taxable interest for individuals: $312 (reported on 30.6% of returns)

This zip code:	$312
Minnesota:	$1,814

(% of AGI for various income ranges: 2.5% for AGIs below $25k, 16.4% for AGIs $25k-50k, 8.3% for AGIs $50k-75k, 20.9% for AGIs $75k-100k, 13.0% for AGIs $100k-200k, 110.0% for AGIs over 200k)

Ordinary dividends: $1,245 (reported on 18.5% of returns)

Here:	$1,245
State:	$6,928

(% of AGI for various income ranges: 31.2% for AGIs below $25k, 33.3% for AGIs $50k-75k, 22.7% for AGIs $75k-100k, 44.0% for AGIs $100k-200k, 230.0% for AGIs over 200k)

Net capital gain/loss in AGI: +$3,663 (reported on 17.6% of returns)

Here:	+$3,663
State:	+$20,591

(% of AGI for various income ranges: 12.5% for AGIs below $25k, 60.0% for AGIs $50k-75k, 200.0% for AGIs $75k-100k, 125.5% for AGIs $100k-200k, 665.0% for AGIs over 200k)

Profit/loss from business: +$9,028 (reported on 16.7% of returns)

Here:	+$9,028
State:	+$14,342

(% of AGI for various income ranges: 178.1% for AGIs below $25k, 115.8% for AGIs $50k-75k, 362.7% for AGIs $75k-100k, 401.0% for AGIs $100k-200k)

Taxable individual retirement arrangement distribution: $13,117 (reported on 5.6% of returns)

55054:	$13,117
Minnesota:	$20,675

(% of AGI for various income ranges: 475.5% for AGIs $25k-50k, 132.0% for AGIs $100k-200k)

Total itemized deductions: $28,325 (reported on 11.1% of returns)

Here:	$28,325
State:	$33,311

(% of AGI for various income ranges: 741.7% for AGIs $50k-75k, 426.4% for AGIs $75k-100k, 1020.0% for AGIs $100k-200k)

Charity contributions: $6,862 (reported on 7.4% of returns)

Here:	$6,862
State:	$11,879

(% of AGI for various income ranges: 102.5% for AGIs $50k-75k, 213.0% for AGIs $100k-200k)

Taxes paid: $8,300 (reported on 11.1% of returns)

55054:	$8,300
State:	$8,252

(% of AGI for various income ranges: 210.0% for AGIs $50k-75k, 151.8% for AGIs $75k-100k, 288.5% for AGIs $100k-200k)

Earned income credit: $1,740 (reported on 4.6% of returns)

Here:	$1,740
State:	$2,055

(% of AGI for various income ranges: 25.0% for AGIs below $25k, 42.7% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2020 taxes: 95.4%

Here:	95%
State:	94%

(% for various income ranges: 95.8% for AGIs below $25k, 92.9% for AGIs $25k-50k, 93.8% for AGIs $50k-75k, 93.3% for AGIs $75k-100k, 97.0% for AGIs $100k-200k, 100.0% for AGIs over 200k)

Averages for the 2012 tax year for zip code 55054, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $72,448 (Individual Income Tax Returns)

Here:	$72,448
State:	$67,192

Salary/wage: $68,750 (reported on 94.5% of returns)

Here:	$68,750
State:	$55,182

(% of AGI for various income ranges: 72.3% for AGIs below $25k, 84.9% for AGIs $25k-50k, 90.4% for AGIs $50k-75k, 90.6% for AGIs $75k-100k, 91.1% for AGIs $100k-200k)

Taxable interest for individuals: $234 (reported on 31.9% of returns)

This zip code:	$234
Minnesota:	$1,664

(% of AGI for various income ranges: 0.1% for AGIs below $25k, 0.1% for AGIs $25k-50k, 0.1% for AGIs $75k-100k, 0.1% for AGIs $100k-200k)

Ordinary dividends: $400 (reported on 16.5% of returns)

Here:	$400
State:	$5,665

(% of AGI for various income ranges: 0.4% for AGIs $25k-50k)

Profit/loss from business: +$14,259 (reported on 18.7% of returns)

Here:	+$14,259
State:	+$12,430

(% of AGI for various income ranges: 11.0% for AGIs below $25k, 6.4% for AGIs $25k-50k, 2.5% for AGIs $50k-75k, 3.6% for AGIs $75k-100k, 3.1% for AGIs $100k-200k)

Taxable individual retirement arrangement distribution: $11,733 (reported on 6.6% of returns)

55054:	$11,733
Minnesota:	$15,212

Total itemized deductions: $21,230 (22% of AGI, reported on 62.6% of returns)

Here:	$21,230
State:	$24,665

Here:	21.9% of AGI
State:	19.6% of AGI

(% of AGI for various income ranges: 18.4% for AGIs $25k-50k, 19.7% for AGIs $50k-75k, 19.8% for AGIs $75k-100k, 18.5% for AGIs $100k-200k)

Charity contributions: $1,583 (reported on 51.6% of returns)

Here:	$1,583
State:	$3,948

(% of AGI for various income ranges: 1.2% for AGIs $25k-50k, 1.0% for AGIs $50k-75k, 1.0% for AGIs $75k-100k, 1.3% for AGIs $100k-200k)

Taxes paid: $8,075 (reported on 62.6% of returns)

55054:	$8,075
State:	$10,589

(% of AGI for various income ranges: 4.9% for AGIs $25k-50k, 6.8% for AGIs $50k-75k, 7.4% for AGIs $75k-100k, 7.7% for AGIs $100k-200k)

Earned income credit: $2,100 (reported on 7.7% of returns)

Here:	$2,100
State:	$2,037

(% of AGI for various income ranges: 4.5% for AGIs below $25k, 0.8% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2012 taxes: 52.7%

Here:	53%
State:	55%

(% for various income ranges: 41.2% for AGIs below $25k, 47.1% for AGIs $25k-50k, 56.2% for AGIs $50k-75k, 62.5% for AGIs $75k-100k, 56.0% for AGIs $100k-200k)

Averages for the 2004 tax year for zip code 55054, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $63,374 (Individual Income Tax Returns)

Here:	$63,374
State:	$53,560

Salary/wage: $60,033 (reported on 95.4% of returns)

Here:	$60,033
State:	$46,177

(% of AGI for various income ranges: 119.1% for AGIs below $10k, 69.3% for AGIs $10k-25k, 94.2% for AGIs $25k-50k, 92.0% for AGIs $50k-75k, 93.1% for AGIs $75k-100k, 85.9% for AGIs over 100k)

Taxable interest for individuals: $361 (reported on 41.0% of returns)

This zip code:	$361
Minnesota:	$1,796

(% of AGI for various income ranges: 1.0% for AGIs $10k-25k, 0.1% for AGIs $25k-50k, 0.5% for AGIs $50k-75k, 0.1% for AGIs $75k-100k, 0.2% for AGIs over 100k)

Taxable dividends: $190 (reported on 17.9% of returns)

Here:	$190
State:	$3,096

(% of AGI for various income ranges: 0.0% for AGIs $25k-50k, 0.1% for AGIs $50k-75k, 0.0% for AGIs $75k-100k, 0.1% for AGIs over 100k)

Net capital gain/loss: +$1,338 (reported on 11.8% of returns)

Here:	+$1,338
State:	+$10,864

(% of AGI for various income ranges: -0.6% for AGIs $10k-25k, 0.6% for AGIs $50k-75k, 0.1% for AGIs $75k-100k, 0.3% for AGIs over 100k)

Profit/loss from business: +$7,954 (reported on 16.0% of returns)

Here:	+$7,954
State:	+$10,442

(% of AGI for various income ranges: 17.2% for AGIs $10k-25k, 3.6% for AGIs $25k-50k, 2.8% for AGIs $50k-75k, 1.2% for AGIs $75k-100k)

Total itemized deductions: $19,625 (26% of AGI, reported on 75.0% of returns)

Here:	$19,625
State:	$20,035

Here:	25.8% of AGI
State:	21.3% of AGI

(% of AGI for various income ranges: 30.3% for AGIs $10k-25k, 22.7% for AGIs $25k-50k, 26.6% for AGIs $50k-75k, 24.2% for AGIs $75k-100k, 19.3% for AGIs over 100k)

Charity contributions deductions: $1,729 (2% of AGI, reported on 66.6% of returns)

Here:	$1,729
State:	$3,333

Here:	2.2% of AGI
State:	3.4% of AGI

(% of AGI for various income ranges: 2.4% for AGIs $10k-25k, 1.8% for AGIs $25k-50k, 1.9% for AGIs $50k-75k, 1.5% for AGIs $75k-100k, 2.0% for AGIs over 100k)

Total tax: $6,733 (reported on 89.8% of returns)

55054:	$6,733
State:	$8,485

(% of AGI for various income ranges: 3.2% for AGIs below $10k, 6.1% for AGIs $10k-25k, 7.0% for AGIs $25k-50k, 7.0% for AGIs $50k-75k, 8.5% for AGIs $75k-100k, 14.4% for AGIs over 100k)

Earned income credit: $1,667 (reported on 6.2% of returns)

Here:	$1,667
State:	$1,523

Percentage of individuals using paid preparers for their 2004 taxes: 59.3%

Here:	59%
State:	59%

(% for various income ranges: 53.5% for AGIs below $10k, 73.4% for AGIs $10k-25k, 51.8% for AGIs $25k-50k, 60.0% for AGIs $50k-75k, 59.0% for AGIs $75k-100k, 65.2% for AGIs over 100k)

Nearest zip codes: 55020, 55088, 55044, 55372, 55046, 55306.
Elko New Market Zip Code Map

No gay or lesbian households reported

Household received Food Stamps/SNAP in the past 12 months: 0
Household did not receive Food Stamps/SNAP in the past 12 months: 874

Women who had a birth in the past 12 months: 18 (19 now married, 0 unmarried)
Women who did not have a birth in the past 12 months: 749 (446 now married, 304 unmarried)

Housing units in zip code 55054 with a mortgage: 587 (44 second mortgage, 29 both second mortgage and home equity loan)
Median monthly owner costs for units with a mortgage: $2,287
Median monthly owner costs for units without a mortgage: $996

• Zip code 55054 household income distribution in 2022

• 25$30,000 to $34,999
• 29$45,000 to $49,999
• 23$60,000 to $74,999
• 97$75,000 to $99,999
• 61$100,000 to $124,999
• 180$125,000 to $149,999
• 194$150,000 to $199,999
• 248$200,000 or more

• Estimate of home value of owner-occupied houses/condos in 2022 in zip code 55054

• 17$150,000 to $174,999
• 29$200,000 to $249,999
• 36$250,000 to $299,999
• 308$300,000 to $399,999
• 352$400,000 to $499,999
• 27$500,000 to $749,999
• 23$750,000 to $999,999

• Rent paid by renters in 2022 in zip code 55054

• 56$900 to $999
• 20$1,250 to $1,499
• 45$1,500 to $1,999
• 22$2,000 to $2,499

Median gross rent in 2022: $1,468.

Estimated median house or condo value in 2022: $437,785 Lower value quartile - upper value quartile: $361,521 - $491,985

Mean price in 2022:

Detached houses: $421,984

Here:	$421,984
State:	$374,552

Townhouses or other attached units: $325,831

Here:	$325,831
State:	$312,049

Housing units in structures:

• One, detached: 777
• One, attached: 94
• Two: 58
• 20 to 49: 19

Unemployment: 1.0%

• Means of transportation to work in zip code 55054

• 75.1%1,265Drove a car alone
• 1.1%19Carpooled
• 0.9%16Walked
• 1.2%21Other means
• 23.6%397Worked at home

• Travel time to work (commute) in zip code 55054

• 100Less than 5 minutes
• 505 to 9 minutes
• 1610 to 14 minutes
• 9715 to 19 minutes
• 9720 to 24 minutes
• 9025 to 29 minutes
• 38930 to 34 minutes
• 8535 to 39 minutes
• 21640 to 44 minutes
• 16845 to 59 minutes

Percentage of zip code residents living and working in this county: 36.2%

Household type by relationship:

Households: 2,645

• Male householders: 435 (0 living alone), Female householders: 442 (0 living alone)

• 752 spouses (752 opposite-sex spouses), 0 unmarried partners, (0 opposite-sex unmarried partners), 913 children (917 natural, 0 adopted, 0 stepchildren), 0 grandchildren, 22 brothers or sisters, 27 parents, 0 foster children, 47 other relatives, 12 non-relatives

Size of family households: 363 2-persons, 192 3-persons, 229 4-persons, 35 5-persons, 24 6-persons, 22 7-or-more-persons

747 married couples with children.
15 single-parent households (15 women).

92.8% of residents of 55054 zip code speak English at home.
1.4% of residents speak Spanish at home (100% very well).
4.0% of residents speak other Indo-European language at home (83% very well, 17% well).

Facilities with environmental interests located in this zip code:

• HOME OIL CO (320 MAIN ST in NEW MARKET, MN)

  STATE MASTER (Minnesota Pollution Control Agency permits and compilance tracking) - RCRAINFO-MNR000041889, HAZARDOUS WASTE PROGRAM, RCRIS-MNR000041889,
  Conditionally Exempt Small Quantity Generators, less than 100 kg/month of hazardous waste (Resource Conservation and Recovery Act (tracking hazardous waste)) - notification
  Organizations: KAUTENBERG MIKE (CONTACT/OWNER)
  

• FRIEDGES DRYWALL INC (430 WEBSTER ST in NEW MARKET, MN)

  Conditionally Exempt Small Quantity Generators, less than 100 kg/month of hazardous waste (Resource Conservation and Recovery Act (tracking hazardous waste)) - notification
  Organizations: FRIEDGES DAVID (CONTACT/OWNER)
  

Housing units lacking complete plumbing facilities: 5.2%

Place of birth for U.S.-born residents:

• This state: 2,033
• Midwest: 316
• South: 49
• West: 61

100% of the 55054 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 250% moved from different state.

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school): 80
Students in private schools in grades 9 to 12 (high school): Students in private undergraduate colleges:

Top industries in this zip code by the number of employees in 2005:

• Construction: Drywall and Insulation Contractors (50-99 employees: 1 establishment, 1-4 employees: 1 establishment)
• Wholesale Trade: Stationery and Office Supplies Merchant Wholesalers (20-49: 1)
• Finance and Insurance: Commercial Banking (10-19: 1, 5-9: 1)
• Accommodation and Food Services: Limited-Service Restaurants (10-19: 1)
• Educational Services: Elementary and Secondary Schools (5-9: 1)
• Administrative and Support and Waste Management and Remediation Services: Landscaping Services (5-9: 1)
• Construction: Residential Remodelers (1-4: 3)
• Accommodation and Food Services: Drinking Places (Alcoholic Beverages) (1-4: 2)

Most common first names in zip code 55054 among deceased individuals
Name	Count	Lived (average)
Joseph	6	76.0 years
Frank	4	76.0 years
Helen	4	81.2 years
Leo	3	76.4 years
John	2	73.0 years
Lucille	2	80.0 years
Margaret	2	81.0 years
Marie	2	90.5 years
Math	2	93.0 years
William	2	80.5 years

Most common last names in zip code 55054 among deceased individuals
Last name	Count	Lived (average)
Wagner	6	83.0 years
Friedges	5	81.6 years
Jandt	4	60.0 years
Eischens	4	73.0 years
Fischer	4	84.2 years
Kaufenberg	4	87.3 years
Mahowald	4	75.7 years
Seurer	4	76.8 years
Simon	4	72.0 years
Hanson	3	72.0 years