Median Household Income
$153,669 ± $12,387
Median Home Value
$597,000 ± $31,172
Median Gross Rent
$2,407 ± $1,894/mo
Per Capita Income
$76,087
Poverty Rate
4.8%
Unemployment Rate
2.3%
Homeownership Rate
93.5%
Bachelor's Degree or Higher
61.9%
Median Age
40.8
Average Commute
14 min
Households
4,714
Veterans
744
Population Over Time
Lake Elmo grew 61.8% from 2014 to 2024.
2014
8,123
2016
8,445
2018
8,794
2020
9,071
2022
11,861
2024
13,140
Population by Race & Ethnicity
White
87.3%
Hispanic or Latino
2.8%
Black or African American
2.3%
Asian
3.2%
Nearby Cities in Minnesota
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.