Little Elm is a medium-sized city located in the state of Texas. With a population of 55,357 people and 13 constituent neighborhoods, Little Elm is the 75th largest community in Texas. Little Elm has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Little Elm, where the median household income is $101,693.00.
Little Elm real estate is some of the most expensive in Texas, although Little Elm house values don't compare to the most expensive real estate in the U.S.
Also of interest is that Little Elm 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 Little Elm telecommute to their jobs. Overall, about 15.58% 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, Little Elm 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, Little Elm really has some of the features that families look for when choosing a good community to raise children. Is Little Elm 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.
One downside of living in Little Elm, however, is that residents on average have to contend with a long commute, spending on average 35.34 minutes every day commuting to work.
The population of Little Elm is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 39.79% of adults in Little Elm have a bachelor's degree or even advanced degree.
The per capita income in Little Elm in 2018 was $39,359, which is wealthy relative to Texas, and upper middle income relative to the rest of the US. This equates to an annual income of $157,436 for a family of four. However, Little Elm contains both very wealthy and poor people as well.
Little Elm is an extremely ethnically-diverse city. The people who call Little Elm home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Little Elm residents report their race to be White, followed by Black or African-American. Little Elm also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 19.86% of the city’s residents. Important ancestries of people in Little Elm include German, English, Irish, French, and African.
Little Elm also has a high percentage of its population that was born in another country: 17.25%.
The most common language spoken in Little Elm is English. Other important languages spoken here include Spanish and African languages.