Lake Elmo, MN
Full City Profile · Minnesota · Pierce County County
4.8
/5.0
A+
Excellent
12,504
Population
566/sq mi density
$153,407
Median Income
$78,683 per capita
$588,900
Home Value
$638,544 Zillow
$2,204
Median Rent
45.7% income on rent
47°F
Avg Temperature
A+
Overall
4.8 / 5.0
Strong
A+
Economy
5.0 / 5.0
$153,407 median income, 2.3% unemployment
A+
Affordability
4.5 / 5.0
$588,900 home value, $2,204/mo rent
A+
Education
5.0 / 5.0
61.7% bachelor's degree or higher
Income Overview
Median Household Income
$153,407
104% above
US avg: $75,149
Per Capita Income
$78,683
101% above
US avg: $39,052
Unemployment Rate
2.3%
36% below
US avg: 3.6%
Poverty Rate
2.8%
77% below
US avg: 12.4%
Income Comparison: Lake Elmo vs. U.S. Average
Each bar shows Lake Elmo’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$153,407
204%
Per Capita
US: $39,052
$78,683
201%
IRS Avg AGI
US: $72,000
$86,110
120%
Avg Weekly Wage
US: $1,432
$913
64%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$913
36% below US avg ($1,432)
Mean Commute Time
23 min
16% below US avg (28 min)
Work From Home
34.5%
127% above US avg (15.2%)
Drive Alone
57.1%
22% below US avg (73.2%)
Public Transit
0.5%
90% below US avg (5.0%)
County GDP
$1,545M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
57.1%
Public Transit
0.5%
Work From Home
34.5%
Other
7.9%
Average commute time
23 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,024
Restaurants
110
Healthcare
78
Retail
97
Manufacturing
50
Tax & Financial
IRS Avg Adjusted Gross Income
$86,110
20% above US avg ($72,000)
Avg Property Tax
$5,822
66% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $153,407 |
| Per Capita Income | $78,683 |
| IRS Avg Adjusted Gross Income | $86,110 |
| Avg Weekly Wage | $913 |
| County GDP | $1,545M |
Hardship Indicators
| Unemployment Rate | 2.3% |
| Poverty Rate | 2.8% |
| Gini Coefficient | 0.400 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 23 minutes |
| Drive Alone | 57.1% |
| Public Transit | 0.5% |
| Work From Home | 34.5% |
Businesses
| Total Establishments | 1,024 |
| Restaurants | 110 |
| Healthcare | 78 |
| Retail | 97 |
| Manufacturing | 50 |
Tax
| IRS Avg AGI | $86,110 |
| Avg Property Tax | $5,822 |