MN landscape

55042

Lake Elmo, MN

Total Population
12,647
Median Household Income
$157,923
Median Home Value
$559,700
Median Rent
-$666,666,666

Quick Facts & Insights

Key metrics and how they compare

Household Income
$157,923
101.7% above state median
Home Value
$559,700
103.9% above state median
Rent
-$666,666,666
870.9% below state median
Median Age
41.4 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.

Location Map

Lake Elmo, MN 55042

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Demographics Overview

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

Key Demographic Insightsfor Lake Elmo, MN

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

High education levels with 61.2% holding bachelor's degrees or higher, well above national average of 33%.

Strong job market with unemployment rate of 3.1%, below national average.

Family-oriented community with 73% family households.

Low poverty rate of 4.0%, well below national average.

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

Household Income Distribution

Local Median Income
$157,923
+110.1% vs US
vs State Median
+-101.7%
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: 2.79 people

Total Households
4,514
Family Households
72.5%

Employment by Industry

Where residents work

#1 Industry
Manufacturing
28.6%
#2 Industry
Education
25.4%
#3 Industry
Finance
21.9%
Total Employed Residents:3,611

Commute Patterns

How residents get to work

Short Commute
1.0%
Under 10 minutes
Long Commute
3.4%
Over 60 minutes
Work From Home
0.6%
28 workers
Public Transit
1.5%
70 workers
Total Commuting Workers:4,541
Commute Insights

Labor Force Statistics

Employment Rate
96.9%
6,450 employed
Labor Force
6,657
207 unemployed
Median Age
41.4 years
Per Capita Income
$79,741
Poverty Rate
4.0%

Nearby ZIP Codes

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