Forest Lake vs Elgin
| Forest Lake | Elgin | |
|---|---|---|
| Population | 1,344 | 114,190 |
| Median Household Income | $96,250 | $90,282 |
| Median Home Value | $346,400 | $273,000 |
| Median Gross Rent | —/mo | $1,361/mo |
| Homeownership Rate | 95.5% | 71.9% |
| Unemployment Rate | 4.7% | 6.1% |
| Bachelor's Degree or Higher | 48.3% | 27.0% |
| Median Age | 42.3 | 36.7 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.