Residential delivery area · Minnesota
ZIP Code 55054: Elko New Market, MN
ZIP code 55054 is in Elko New Market, Minnesota, entirely in Scott County (Census 2020 ZIP-county file). About 2,800 people live there (Census Bureau, ACS 2020-2024), the less populous of Elko New Market's 2 residential ZIP codes. Median household income is $157,096 (Census Bureau, ACS 2020-2024).
- ACS2020-24
- Census2020
- FHFA2025
- ZBP2023
- IRS2022
- Town
- Elko New Market · 2 residential ZIPs
- County
- Scott County
- Census places
- Elko New Market
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- House district
- MN-2 119th Congress
- State
- Minnesota
- Time zone
- Central
- Land area
- 1.0 sq mi · 2,820 people per sq mi
Where is ZIP code 55054?
55054 centers on 44.572°, -93.351° and covers 1.0 square miles of land. It borders 1 ZIP code: 55020.
The map draws ZIP code areas only. For the streets inside 55054, open its center on OpenStreetMap.
Source: U.S. Census Bureau, 2020 ZCTA cartographic boundaries and the 2023 Gazetteer (2020 ZCTAs); ZIP-to-county shares, Census places and House districts (119th Congress) from the Census 2020 relationship files (shares of land); metro area from the OMB delineation (July 2023); town name and time zone from simplemaps US ZIP Codes (CC BY 4.0).
How does 55054 compare with the rest of Elko New Market?
| Measure | 55054 | In Elko New Market | In Scott County | In MN |
|---|---|---|---|---|
| People (ACS 2020-2024) | 2,831 | 2nd of 2 | 9th of 10 | 347th of 881 |
| Median household income | $157k | 1st of 1 | 1st of 9 | 8th of 545 |
| Median home value | $433k | 2nd of 2 | 5th of 10 | 55th of 558 |
Its median household income is higher than in 97% of U.S. residential ZIP codes, and it is denser than 88% of all U.S. residential ZIP codes. ZIP codes at the ACS caps ($250,000 or more for household income, $2,000,000 or more for home value) share the top rank.
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B19013, B25077); ranks by PlainZIP over residential ZIP codes (ZCTAs).
How many people live in 55054?
The 2020 Census counted 2,489 people in 55054; the ACS, which samples households over 2020-2024, estimates 2,831. Its boundary changed between the 2010 and 2020 censuses, so the two counts are not compared.
- People, ACS 2020-2024
- 2,831±389 (90% margin)
- 2020 Census count
- 2,489
- Households
- 881
- Median age
- 33.7
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B01002, B11001); 2020 Census (DHC P1); 2010 Census (SF1 P1).
Who lives in 55054?
Of the 2,831 people the ACS estimates in 55054, 30.0% are under 18 and 3.5% are 65 or older. The largest group by race and Hispanic origin is White (not Hispanic) (75.7%).
- Under 1830.0%
- 18 to 6466.5%
- 65 and older3.5%
- White, not Hispanic75.7%
- Black, not Hispanic9.2%
- Other or two or more8.7%
- Hispanic or Latino3.9%
- Asian, not Hispanic2.5%
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01001 age by sex, B03002 Hispanic or Latino origin by race); shares of the estimated population, small ZIP codes carry wide margins.
What do households in 55054 earn?
Median household income is $157,096 (ACS 2020-2024), the highest of the 9 ranked ZIP codes in Scott County.
- Median household income
- $157,096
- Income per person
- $51,785
- Below the poverty line
- 1.8%
- Unemployed (of the labor force)
- 0.0%
- Adults 25+ with a bachelor's degree
- 45.5%
- Adjusted gross income per tax return, 2022
- $97,9281,160 returns; wages 82% of AGI (IRS)
Source: U.S. Census Bureau, ACS 2020-2024 and 2015-2019 5-year estimates (B19013, B19301, B17001, B23025, B15003; 2015-2019 dollars converted with the BLS CPI-U, 1.22699); IRS Statistics of Income, ZIP code data, tax year 2022 (adjusted gross income per return, filed under the address on the return).
What are homes worth in 55054?
FHFA's house price index for 55054, built from repeat sales and appraisals of the same homes, rose 51% from 2015 to 2025 and rose 23% from 2020 to 2025, and moved −8.6% in 2025.
- Median home value (owners' estimate)
- $433,100
- Median gross rent
- $2,200
- Homes owned by their occupants
- 92.1%
- Housing units
- 972
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B25077, B25064, B25003, B25001); FHFA House Price Index, annual five-digit ZIP, updated 2026-03-31.
What businesses are in 55054?
53 business establishments had a location in this ZIP code in 2023, 9 more than in 2018; the most are in construction (ZIP Code Business Patterns).
- Construction17
- Retail trade6
- Accommodation and food services6
- Professional, scientific, and technical services5
- Real estate and rental and leasing4
- Finance and insurance3
Source: U.S. Census Bureau, ZIP Code Business Patterns 2023 and 2018 (establishments with paid employees, by the business's ZIP code).
Which ZIP codes are next to 55054?
| ZIP | Town | People | Household income | Distance |
|---|---|---|---|---|
| 55020 | Elko New Market | 4,115 | $131k | 1.3 mi |
| 55088 | Webster | 1,812 | $133k | 3.7 mi (near) |
| 55044 | Lakeville | 64,762 | $142k | 6.1 mi (near) |
| 55372 | Prior Lake | 34,772 | $146k | 8.3 mi (near) |
| 55046 | Lonsdale | 6,145 | $96k | 9.4 mi (near) |
| 55057 | Northfield | 25,650 | $93k | 10.9 mi (near) |
| 55024 | Farmington | 37,287 | $127k | 11.3 mi (near) |
| 55306 | Burnsville | 16,830 | $101k | 11.4 mi (near) |
Source: PlainZIP from the Census 2020 ZCTA boundaries (shared edges) and internal points; figures ACS 2020-2024.