Lake Elmo vs Minneapolis
| Lake Elmo | Minneapolis | |
|---|---|---|
| Population | 11,861 | 426,877 |
| Median Household Income | $153,669 | $80,846 |
| Median Home Value | $597,000 | $362,200 |
| Median Gross Rent | $2,407/mo | $1,371/mo |
| Homeownership Rate | 93.5% | 47.7% |
| Unemployment Rate | 2.3% | 5.9% |
| Bachelor's Degree or Higher | 61.9% | 55.5% |
| Median Age | 40.8 | 33.4 |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.