Lake Elmo is a medium-sized city located in the state of Minnesota. With a population of 13,756 people and two associated neighborhoods, Lake Elmo is the 94th largest community in Minnesota. Lake Elmo 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 Lake Elmo, where the median household income is $158,269.00.

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.

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 28.20% 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 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.

If knowledge is power, Lake Elmo is a pretty powerful place. 60.71% of the adults in Lake Elmo have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Lake Elmo in 2022 was $79,640, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $318,560 for a family of four.

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, Irish, English, Norwegian, and Swedish.

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