Lake Elmo is a somewhat small city located in the state of Minnesota. With a population of 8,406 people and two constituent neighborhoods, Lake Elmo is the 109th largest community in Minnesota.
Lake Elmo home prices are not only among the most expensive in Minnesota, but Lake Elmo real estate also consistently ranks among the most expensive in America.
Lake Elmo is a decidedly white-collar city, with fully 85.04% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Elmo is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Lake Elmo who work in management occupations (14.66%), office and administrative support (13.07%), and sales jobs (10.66%).
Also of interest is that Lake Elmo has more people living here who work in computers and math than 95% of the places in the US.
Because of many things, Lake Elmo is a great place for families with children to consider. First of all, many other families with children live here, making Lake Elmo a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Lake Elmo has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Lake Elmo’s overall crime rate is lower than average for the country.
The education level of Lake Elmo ranks among the highest in the nation. Of the 25-and-older adult population in Lake Elmo, 47.06% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Lake Elmo in 2010 was $46,393, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $185,572 for a family of four.
The people who call Lake Elmo home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lake Elmo residents report their race to be White, followed by Asian. Important ancestries of people in Lake Elmo include Norwegian, Irish, Swedish, and English.
The most common language spoken in Lake Elmo is English. Other important languages spoken here include Spanish and French.