Lake Elmo, MN
REAL ESTATE & DEMOGRAPHIC DATA






Lake Elmo profile


Living in Lake Elmo


Lake Elmo is a somewhat small city located in the state of Minnesota. With a population of 9,210 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 86.14% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Elmo is a city of managers, professionals, and sales and office workers. There are especially a lot of people living in Lake Elmo who work in management occupations (16.76%), sales jobs (12.57%), and business and financial occupations (9.48%).

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.

A relatively large number of people in Lake Elmo telecommute to their jobs. Overall, about 8.50% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Lake Elmo is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Lake Elmo really has some of the features that families look for when choosing a good community to raise children. Is Lake Elmo perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

Do you like to read, write and learn? If you move to Lake Elmo, you'll likely find that many of your neighbors like to as well. Lake Elmo is one of the more educated communities in America, with a full 50.07% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

The per capita income in Lake Elmo in 2018 was $54,209, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $216,836 for a family of four. However, Lake Elmo contains both very wealthy and poor people as well.

Lake Elmo is a somewhat ethnically-diverse city. 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 Black or African-American. Important ancestries of people in Lake Elmo include German, Norwegian, Irish, Swedish, and English.

The most common language spoken in Lake Elmo is English. Other important languages spoken here include Spanish and Italian.