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°.
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.
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 |
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.
Stat | Lake Elmo |
---|---|
Average Annual High | 55.1 |
Average Annual Low | 36.4 |
Annual Precipitation Days | 66.0 |
Average Annual Precipitation | 33.4 |
Average Annual Snowfall | 47.2 |
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 | - |
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% |
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% |
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.
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% |
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.
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% |