Lake Elmo, Minnesota 

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Population

9,280

+9.4% since 2020

Unemployment Rate

3.9%

Median Income

$104,974

Median Home Price

$534,300

Median Age

41.1

Comfort Index (Climate)

9.2 / 3.8

summer / winter

Minneapolis Gifts

Best Places to Live in Lake Elmo, Minnesota

Regional-center complex/Capital city - Southeast Minnesota along upper Mississippi River, 20 miles west of Wisconsin border. August, June and July are the most pleasant months in Lake Elmo, while January and December are the least comfortable months.

Lake Elmo, MN Housing Market
Lowest Priced HomesHOMES UNDER $250,000
Most Expensive ListingsHOMES $250,001 to $500,000
Largest HomesHOMES $500,001 to $750,000
Median Priced HomesHOMES $750,001 to $1,000,000
Pros
Education
Attractive downtown
Attractive neighborhoods
Cons
Growth and sprawl
Cost of living
Harsh winters


What Bert Has To Say About Minneapolis-St. Paul-Bloomington Metro Area

The “twin cities” serve as a regional center for the upper Midwest and northern Great Plains. The fully cosmopolitan area is a balanced industrial, commercial, educational, and cultural center, and functions much as one city. The area is one of the most economically diverse in the country, serving as headquarters to large firms in agriculture, food, banking, technology, retailing, healthcare, and transportation. A few of the well-known companies include General Mills, 3M, US Bancorp, United Healthcare, and retailers Target and Best Buy. Job growth is still fairly modest, but overall, the Twin Cities have have a strong and prosperous feel.


QUICK FACTS

City: Lake Elmo
Zip Codes: 55042
Time zone: Central Standard Time (CST)
Elevation: 838 ft above sea level

Highlights

ECONOMY
The unemployment rate in Lake Elmo is 3.9% (U.S. avg. is 6.0%). Recent job growth is Positive. Lake Elmo jobs have increased by 1.8%. More Economy

COST OF LIVING
Compared to the rest of the country, Lake Elmo's cost of living is 33.6% higher than the U.S. average. More Cost of Living or Compare Lake Elmo's Cost of Living

WEATHER & CLIMATE
#WeatherDataText# Today's Weather | Climate Averages

VOTING
In the last Presidential election, Washington county remained moderately Democratic, 53.5% to 44.2%. More Voting Stats

POPULATION
Lake Elmo's population is 9,280 people. Since 2020, it has had a population growth of 9.4%. Learn More...

TRANSPORTATION
Average Commute time is 24.5 minutes. The National Average is 26.4 minutes. Learn More...

REAL ESTATE
The median home cost in Lake Elmo is Real Estate: $534,300. Home appreciation the last 10 years has been 8.2%.

SCHOOLS
Lake Elmo public schools spend $12,567 per student. The average school expenditure in the U.S. is $12,383. There are about 18.8 students per teacher in Lake Elmo. More Education



Best Places to Live in Lake Elmo Rankings


Housing Market in Lake Elmo

It's a good time to buy in Lake Elmo. Home Appreciation is up 12.0% in the last 12 months.
The median home price in Lake Elmo is $534,300.

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MAPS OF LAKE ELMO, MINNESOTA
Check out the latest Maps in a variety of categories including cost of living, population, and commute time. You can also use our New Interactive Map to explore places.Lake_Elmo,Minnesota Map
ZIP CODES IN LAKE ELMO, MINNESOTA
55042

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