Lake Elmo is a medium-sized city located in the state of Minnesota. With a population of 14,161 people and two associated neighborhoods, Lake Elmo is the 94th largest community in Minnesota. Much of the housing stock in Lake Elmo was built relatively recently. The construction of new real estate can often be taken as an indication that the local Lake Elmo economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Lake Elmo, where the median household income is $153,669.00. Lake Elmo real estate is some of the most expensive in Minnesota, although Lake Elmo house values don't compare to the most expensive real estate in the U.S.Lake Elmo is a decidedly white-collar city, with fully 91.45% of the workforce employed in white-collar jobs, well above the national average. Overall, Lake Elmo is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Lake Elmo who work in management occupations (19.15%), sales jobs (13.00%), and business and financial occupations (11.56%). 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. Telecommuters are a relatively large percentage of the workforce: 36.62% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 61.90% 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 2022 was $76,087, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $304,348 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 Asian. Important ancestries of people in Lake Elmo include German, Irish, English, Swedish, and Norwegian. The most common language spoken in Lake Elmo is English. Other important languages spoken here include Italian and Spanish.
