Zip 55042 (Lake Elmo, MN) 

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Minneapolis Gifts

Economy in Zip 55042 (Lake Elmo, MN)

Lake Elmo (zip 55042) has an unemployment rate of 3.9%. The US average is 6.0%.

Lake Elmo (zip 55042) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.

Tax Rates for Lake Elmo (zip 55042)
- The Sales Tax Rate for Lake Elmo (zip 55042) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Lake Elmo (zip 55042) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Lake Elmo (zip 55042)
- The average income of a Lake Elmo (zip 55042) resident is $44,789 a year. The US average is $28,555 a year.
- The Median household income of a Lake Elmo (zip 55042) resident is $105,529 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYLake Elmo, MinnesotaUnited States
  3.9%6.0%
  -3.7%-6.2%
  36.4%33.5%
  7.1%6.2%
  7.1%4.6%
  $46,800$31,177
  $102,297$57,652
  $120,500$70,850
  POPULATION BY OCCUPATION
  1.1%1.3%
  0.0%0.6%
  7.3%6.2%
  18.4%10.4%
  2.6%2.7%
  11.9%11.6%
  4.1%4.1%
  0.2%0.9%
  1.6%2.1%
  7.0%4.7%
  1.8%1.9%
  8.2%6.7%
  0.2%0.1%
  1.4%4.3%
  6.5%9.3%
  12.2%13.8%
  2.4%2.2%
  5.6%7.4%
  4.4%4.9%
  3.3%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Lake Elmo (zip 55042)


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