Minnesota · Census place 34244
Lake Elmo city, MN
Quick answer
Lake Elmo city has 12,504 residents, ranking #90 of 914 places in Minnesota. Median household income is $153,407, the median home is worth $588,900 and median gross rent runs $2,204 a month.
- Population
- 12,504Lake Elmo city residents
- Median household income
- $153,407Past 12 months, inflation adjusted
- Median home value
- $588,900Owner-occupied units
- Median gross rent
- $2,204Rent plus utilities, monthly
- Median age
- 40.2 yrsAll residents
- Homeownership rate
- 92.3%Owner-occupied households
What the numbers mean in Lake Elmo city
Housing cost measured against local earnings.
A household earning the Lake Elmo city median would spend about 17.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.3% of residents and 92.3% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Vadnais Heights city 12,789
- Cloquet city 12,582
- North St. Paul city 12,511
- Big Lake city 12,115
- St. Peter city 12,085
- East Bethel city 11,995
- Mendota Heights city 11,644
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