New Market, MN cityscape

55054

New Market, MN

Total Population
2,635
Median Household Income
$152,500
Median Home Value
$399,100
Median Rent
$1,441

Quick Facts & Insights

Key metrics and how they compare

Household Income
$152,500
101.6% above state median
Home Value
$399,100
102.8% above state median
Rent
$1,441
100% above state median
Median Age
37.1 years

Data Sources & Accuracy

U.S. Census Bureau:Population, age, income, education, employment, and housing characteristics are from the American Community Survey (ACS) 5-Year Estimates (2018–2022 release).
Zillow (ZHVI):Typical home values reflect the Zillow Home Value Index (smoothed, seasonally adjusted), published monthly.

Estimates carry a margin of error and describe the ZIP-code area as a whole, not any individual property or block. See our methodology and data sources for details, or report a problem on our corrections page.

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Location Map

New Market, MN 55054

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Demographics Overview

Population statistics from the U.S. Census Bureau (ACS 5-year estimates)

Key Demographic Insightsfor New Market, MN

Median household income is 102% below state average, suggesting more affordable cost of living.

High education levels with 41.4% holding bachelor's degrees or higher, well above national average of 33%.

Strong job market with unemployment rate of 1.5%, below national average.

Family-oriented community with 94% family households.

Low poverty rate of 0.0%, well below national average.

Insights are derived from US Census Bureau data and may not reflect recent changes.

Household Income Distribution

Local Median Income
$152,500
+102.9% vs US
vs State Median
+-101.6%
State: $-9,260,947
Income Distribution
30.8%
Under $50k
18.5%
Over $100k
Lower Income
Middle Income
Higher Income
Data from US Census Bureau ACS 5-Year Estimates

Age Distribution

Population by age group

Household Income Breakdown

Households by income bracket

Education Levels (Age 25+)

Highest education attained

Race & Ethnicity

Demographic composition

Households & Employment

Household Types

Family composition breakdown

Average Household Size: 3.09 people

Total Households
852
Family Households
93.7%

Employment by Industry

Where residents work

#1 Industry
Education
34.6%
#2 Industry
Manufacturing
18.5%
#3 Industry
Finance
17.7%
Total Employed Residents:1,094

Commute Patterns

How residents get to work

Short Commute
7.7%
Under 10 minutes
Long Commute
0.0%
Over 60 minutes
Work From Home
1.3%
17 workers
Public Transit
0.0%
0 workers
Total Commuting Workers:1,358
Commute Insights
0

Labor Force Statistics

Employment Rate
98.5%
1,691 employed
Labor Force
1,716
25 unemployed
Median Age
37.1 years
Per Capita Income
$52,133
Poverty Rate
0.0%

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