Lake Elmo, MN
Demographics And Statistics

Demographics | Cost Of Living
Updated: 2023-12-15

Living In Lake Elmo, Minnesota Summary

Life in Lake Elmo research summary. HomeSnacks has been using Saturday Night Science to research the quality of life in Lake Elmo over the past nine years using Census, FBI, Zillow, and other primary data sources. Based on the most recently available data, we found the following about life in Lake Elmo:

  • The population in Lake Elmo is 11,861.

  • The median home value in Lake Elmo is $616,212.

  • The median income in Lake Elmo is $158,269.

  • The cost of living in Lake Elmo is 124 which is 1.2x higher than the national average.

  • The unemployment rate in Lake Elmo is 3.3%.

  • The poverty rate in Lake Elmo is 4.2%.

  • The average high in Lake Elmo is 55.1° and the average low is 36.4°.

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Lake Elmo SnackAbility

6
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
8.5
Diversity
6
Safety
N/A
Amenities
6
Education
9.5
Commute
7
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Lake Elmo, MN Cost Of Living

Cost of living in Lake Elmo summary. We use data on the cost of living to determine how expensive it is to live in Lake Elmo. Real estate prices drive most of the variance in cost of living around Minnesota. Key points include:

  • The cost of living in Lake Elmo is 124 with 100 being average.

  • The cost of living in Lake Elmo is 1.2x higher than the national average.

  • The median home value in Lake Elmo is $616,212.

  • The median income in Lake Elmo is $158,269.

124
Lake Elmo's Overall Cost Of Living
1.2x
Higher Than The National Average

Cost Of Living In Lake Elmo Comparison Table

Living Expense Lake Elmo Minnesota National Average
Overall 124 95 100
Services 105 101 100
Groceries 95 98 100
Health 103 111 100
Housing 176 83 100
Transportation 101 98 100
Utilities 100 95 100

Lake Elmo, MN Weather

  • The average high in Lake Elmo is 55.1° and the average low is 36.4°.

  • There are 66.0 days of precipitation each year.

  • Expect an average of 33.4 inches of precipitation each year with 47.2 inches of snow.

StatLake Elmo
Average Annual High55.1
Average Annual Low36.4
Annual Precipitation Days66.0
Average Annual Precipitation33.4
Average Annual Snowfall47.2
55.1°
Average High
66.0°
Days of Rain

Rankings for Lake Elmo in Minnesota

Locations Around Lake Elmo

Map Of Lake Elmo, MN

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5

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Lake Elmo Demographics And Statistics

Population over time in Lake Elmo

The current population in Lake Elmo is 11,861. The population has increased 50.6% from 2010.

Year Population % Change
2022 11,861 34.9%
2021 8,794 2.0%
2020 8,621 2.1%
2019 8,445 3.0%
2018 8,199 0.9%
2017 8,123 0.8%
2016 8,062 0.6%
2015 8,013 0.2%
2014 7,997 1.5%
2013 7,878 -

Race / Ethnicity in Lake Elmo

White
85.6% (10,152)
African American
4.7% (557)
American Indian
0.0% (2)
Asian
2.1% (252)
Hawaiian
0.0% (0)
Other
0.0% (0)
Two Or More
3.4% (402)
Hispanic
4.2% (496)

Lake Elmo is:

  • 85.6% White with 10,152 White residents.

  • 4.7% African American with 557 African American residents.

  • 0.0% American Indian with 2 American Indian residents.

  • 2.1% Asian with 252 Asian residents.

  • 0.0% Hawaiian with 0 Hawaiian residents.

  • 0.0% Other with 0 Other residents.

  • 3.4% Two Or More with 402 Two Or More residents.

  • 4.2% Hispanic with 496 Hispanic residents.

Race Lake Elmo MN USA
White 85.6% 77.7% 58.9%
African American 4.7% 6.6% 12.1%
American Indian 0.0% 0.8% 0.6%
Asian 2.1% 5.0% 5.7%
Hawaiian 0.0% 0.0% 0.2%
Other 0.0% 0.4% 0.4%
Two Or More 3.4% 3.8% 3.5%
Hispanic 4.2% 5.7% 18.7%

Gender in Lake Elmo

Female
49.8% (5,907)
Male
50.2% (5,954)
  • Lake Elmo is 49.8% female with 5,907 female residents.

  • Lake Elmo is 50.2% male with 5,954 male residents.

Gender Lake Elmo MN USA
Female 49.8% 49.8% 50.4%
Male 50.2% 50.2% 49.6%

Highest level of educational attainment in Lake Elmo for adults over 25

  • 0.0% of adults in Lake Elmo completed < 9th grade.

  • 1.0% of adults in Lake Elmo completed 9-12th grade.

  • 15.0% of adults in Lake Elmo completed high school / ged.

  • 17.0% of adults in Lake Elmo completed some college.

  • 6.0% of adults in Lake Elmo completed associate's degree.

  • 37.0% of adults in Lake Elmo completed bachelor's degree.

  • 15.0% of adults in Lake Elmo completed master's degree.

  • 5.0% of adults in Lake Elmo completed professional degree.

  • 4.0% of adults in Lake Elmo completed doctorate degree.

< 9th Grade
0.0% (0)
9-12th Grade
1.0% (118)
High School / GED
15.0% (1,779)
Some College
17.0% (2,016)
Associate's Degree
6.0% (711)
Bachelor's Degree
37.0% (4,388)
Master's Degree
15.0% (1,779)
Professional Degree
5.0% (593)
Doctorate Degree
4.0% (474)
Education Lake Elmo MN USA
< 9th Grade 0.0% 2.0% 4.0%
9-12th Grade 1.0% 4.0% 6.0%
High School / GED 15.0% 24.0% 26.0%
Some College 17.0% 20.0% 20.0%
Associate's Degree 6.0% 12.0% 9.0%
Bachelor's Degree 37.0% 25.0% 21.0%
Master's Degree 15.0% 9.0% 10.0%
Professional Degree 5.0% 2.0% 2.0%
Doctorate Degree 4.0% 2.0% 2.0%

Household Income For Lake Elmo, Minnesota

  • 3.8% of households in Lake Elmo earn Less than $10,000.

  • 0.7% of households in Lake Elmo earn $10,000 to $14,999.

  • 2.1% of households in Lake Elmo earn $15,000 to $24,999.

  • 4.6% of households in Lake Elmo earn $25,000 to $34,999.

  • 3.4% of households in Lake Elmo earn $35,000 to $49,999.

  • 10.0% of households in Lake Elmo earn $50,000 to $74,999.

  • 6.7% of households in Lake Elmo earn $75,000 to $99,999.

  • 16.4% of households in Lake Elmo earn $100,000 to $149,999.

  • 11.7% of households in Lake Elmo earn $150,000 to $199,999.

  • 40.5% of households in Lake Elmo earn $200,000 or more.

Less than $10,000
3.8% (44,478)
$10,000 to $14,999
0.7% (8,671)
$15,000 to $24,999
2.1% (25,456)
$25,000 to $34,999
4.6% (54,549)
$35,000 to $49,999
3.4% (40,842)
$50,000 to $74,999
10.0% (118,889)
$75,000 to $99,999
6.7% (78,886)
$100,000 to $149,999
16.4% (194,979)
$150,000 to $199,999
11.7% (138,751)
$200,000 or more
40.5% (480,594)
Income Lake Elmo MN USA
Less than $10,000 3.8% 3.6% 4.9%
$10,000 to $14,999 0.7% 3.0% 3.8%
$15,000 to $24,999 2.1% 5.8% 7.0%
$25,000 to $34,999 4.6% 6.3% 7.4%
$35,000 to $49,999 3.4% 9.9% 10.7%
$50,000 to $74,999 10.0% 16.1% 16.1%
$75,000 to $99,999 6.7% 13.6% 12.8%
$100,000 to $149,999 16.4% 19.6% 17.1%
$150,000 to $199,999 11.7% 10.4% 8.8%
$200,000 or more 40.5% 11.9% 11.4%

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