Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.8 yrs |
|---|---|
| Avg HH Size | 2.73 |
| Below Poverty | 4.0% ▼ 60% below avg |
| College Grads | 70.1% ▲ 81% above avg |
| Unemployment | 2.2% ▼ 55% below avg |
| No HS Diploma | 12 (0.1%) |
| HS Graduate | 1,104 (12.9%) |
| Some College | 609 (7.1%) |
| Associates | 840 (9.8%) |
| Bachelors | 701 (8.2%) |
| Graduate Degree | 5,306 (61.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $154,779 ▲ 103% above avg |
|---|---|
| Median Home Value | $594,000 ▲ 113% above avg |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $2,204/mo |
| Total Housing Units | 4,987 |
| Vacant Units | 172 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake Elmo is a city in Minnesota, located in Washington County. The city spans 1 ZIP code and is home to approximately 13,156 residents. It is a middle-aged city, with a median age of 40.8 years.
Economically, Lake Elmo is a affluent community. The median household income of $154,779 is more than double the national average. Approximately 4.0% of residents live below the poverty line. The unemployment rate is 2.2%, well below the national average.
The real estate market in Lake Elmo is a premium housing market. Median home values stand at $594,000, which is more than double the national average. Renters typically pay around $2,204 per month. Homeownership is high at 92.7%, typical of suburban and family-oriented communities.
The population of Lake Elmo is highly educated. 70.1% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (85.64%).
Lake Elmo, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55042 | 13,156 | $154,779 | $594,000 | $2,204 | 2.2% | 70.1% | 92.7% |