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Lake Elmo, MN Area and Community Summary Information


Community Summary

Lake Elmo Minnesota
Community Characteristics
Population 7,556 5,212,417
Population Density 331 62
Educational Climate Index 4
Median Age 39.15 36.03
Median Dwelling Age 24 31
In Current Residence 5+ years 36 % 39 %
Median Home Sale Price $406,000
Average household Income $109,486 $68,862
Median Value of Home Equity $283,839 $192,180
Median Mortgage Debt $649,561 $389,711
Total Household Expenditure 145 104
Total Crime Risk 34 80
Weather Risk 56 43
Air Pollution Index 90 90
Median Travel Time to Work 19.8 18.65
     

Population Characteristics

Lake Elmo Minnesota
Population 7,556 5,212,417
Population Density 331 62
     
Male Population 3,848 2,590,395
Female Population 3,708 2,622,022
     
Population Change Since 1990 30 % 19 %
Population Change Since 2000 10 % 6 %
     

Age

Lake Elmo Minnesota
Median Age 39.15 36.03
     
Population: Age 0-4 438 342,600
Population: Age 5-9 479 328,981
Population: Age 10-14 564 339,435
Population: Age 15-19 602 365,985
Population: Age 20-24 532 380,991
Population: Age 25-29 313 360,753
Population: Age 30-34 329 342,877
Population: Age 35-39 500 356,568
Population: Age 40-44 707 396,152
Population: Age 45-49 725 412,782
Population: Age 50-54 683 379,728
Population: Age 55-59 578 318,067
Population: Age 60-64 460 243,675
Population: Age 65-69 259 179,918
Population: Age 70-74 193 142,916
Population: Age 75-79 91 119,726
Population: Age 80-84 63 94,505
Population: Age 85+ 40 106,758
     

Race Distribution

Lake Elmo Minnesota
Race: White 6,963 4,556,910
Race: American Indian, Eskimo, Aleut 15 55,100
Race: Asian or Pacific Islander 356 198,876
Race: Other 41 72,957
Race: Hawaiian / Pacific Islander 0 2,748
Race: Black 78 226,562
     

Hispanic Distribution

Lake Elmo Minnesota
Population: Hispanic 145 203,680
Population: Not Hispanic 7,411 5,008,737
     

Education

Lake Elmo Minnesota
Education: Less than 9th Grade 19 105,568
Education: Some High School 137 175,200
Education: High School Graduate 1,373 956,797
Education: Some College 1,087 762,920
Education: Associate Degree 415 352,931
Education: Bachelors Degree 1,161 747,009
Education: Graduate Degree 749 354,000
     

Marital Status

Lake Elmo Minnesota
Never Married 1,508 1,159,967
Now Married 3,981 2,307,318
Separated 120 133,024
Widowed 115 238,456
Divorced 335 362,159
     

Households

Lake Elmo Minnesota
Households 2,639 2,067,770
Average Household Size
     
Households: Family 2,086 1,356,917
Households: Non-Family 553 710,853
     
Households: With Children 1,177 689,100
Households: No Children 1,462 1,378,670
     

Housing Characteristics

Lake Elmo Minnesota
Median Dwelling Age 24 31
Median Home Sale Price $406,000
Average household Income $109,486 $68,862
Median Value of Home Equity $283,839 $192,180
Median Mortgage Debt $649,561 $389,711
     

Home Ownership

Lake Elmo Minnesota
Vacant Dwellings 157 255143
Owner-Occupied Dwellings 2515 1575533
Renter-Occupied Dwellings 124 492237
     

Turnover

Lake Elmo Minnesota
In Current Residence 5+ years 36 % 39 %
Annual Residential Turnover 16 % 19 %
     
Median Years in Residence 3.39 3.68
     

Income Characteristics

Lake Elmo Minnesota
Median household income $93,961 $57,422
Average household Income $109,486 $68,862
Per capita income $38,727 $28,109
Median Disposable Income $73,213 $47,909
     

Income Growth

Lake Elmo Minnesota
Change in Avg. Household Income Since 1990 105 % 86 %
Change in Avg. Household Income Since 2000 23 % 21 %
     

Household Income

Lake Elmo Minnesota
Household Income: $0-$10,000 67 118,484
Household Income: $10,000-$15,000 21 77,107
Household Income: $15,000-$20,000 72 91,583
Household Income: $20,000-$25,000 59 98,839
Household Income: $25,000-$30,000 60 104,409
Household Income: $30,000-$35,000 97 98,919
Household Income: $35,000-$40,000 107 96,543
Household Income: $40,000-$45,000 100 104,461
Household Income: $45,000-$50,000 85 94,034
Household Income: $50,000-$60,000 191 197,407
Household Income: $60,000-$75,000 182 245,430
Household Income: $75,000-$100,000 369 306,536
Household Income: $100,000-$125,000 324 178,771
Household Income: $125,000-$150,000 251 92,769
Household Income: $150,000-$200,000 316 80,096
Household Income: $200,000-$250,000 130 27,301
Household Income: $250,000-$500,000 151 31,024
Household Income: $500,000+ 57 24,057
     

Median Income

Lake Elmo Minnesota
Median Income: Age < 25 $37,500 $35,981
Median Income: Age 25-34 $63,621 $54,780
Median Income: Age 35-44 $92,115 $66,121
Median Income: Age 45-54 $108,799 $71,226
Median Income: Age 55-64 $119,837 $63,506
Median Income: Age 65-74 $69,643 $45,056
Median Income: Age 75+ $52,500 $32,135
     

Cost of Living Index

Lake Elmo Minnesota
Total Household Expenditure 145 104
Contributions 171 104
Personal Insurance 164 104
Apparel 147 104
Education 168 103
Entertainment 148 104
Food And Beverages 139 104
Health Care 134 104
Household Furnishings And Equipment 153 105
Shelter 148 104
Household Operations 162 104
Miscellaneous Expenses 138 104
Personal Care 143 104
Reading 145 104
Tobacco 119 103
Transportation 141 105
Utilities 133 104
Gifts 163 104
     
Sales Tax Rate 7 %
     

Financial Characteristics

Lake Elmo Minnesota
Median Household Net Worth $294,393 $159,583
Average Household Net Worth $910,351 $521,961
Median Value of Home Equity $283,839 $192,180
Median Mortgage Debt $649,561 $389,711
     

Net Worth

Lake Elmo Minnesota
Net Worth: $0 or Less 220 223,639
Net Worth: $1-$5,000 244 255,561
Net Worth: $5,000-$10,000 149 140,066
Net Worth: $10,000-$25,000 298 251,757
Net Worth: $25,000-$50,000 356 277,317
Net Worth: $50,000-$100,000 463 344,761
Net Worth: $100,000-$250,000 595 411,112
Net Worth: $250,000-$500,000 257 164,130
Net Worth: Greater Than $500,000 157 90,532
     

Investments and Debt

Lake Elmo Minnesota
Median Value of Transaction Accounts $45,493 $28,368
Median Value of Certificates of Deposit $10,196 $7,322
Median Value of Savings Bonds $1,565 $1,165
Median Value of Bonds (Not US Savings) $25,221 $12,185
Median Value of Stocks $77,263 $39,515
Median Value of Mutual Funds $59,793 $32,547
Median Value of Retirement Accounts $124,189 $72,645
Median Value of Cash Value Life Ins $10,603 $6,416
Median Value of Other Managed Accounts $29,000 $17,270
Median Value of Other Financial Assets $8,696 $4,713
Median Value of Any Financial Assets $392,017 $222,147
Median Value of Vehicles Owned $25,071 $18,993
Median Value of Investment Property Equity $72,635 $40,557
Median Value of Business Equity $50,778 $27,957
Median Value of Other Non-Financial Assets $207,013 $104,272
Median Value of Any Non-Financial Assets $10,224 $5,752
Median Installment Loan Debt $98,424 $68,008
Median Lines of Credit Debt $15,185 $8,088
Median Credit Card Debt $1,269 $684
Median Investment Real Estate Debt $10,924 $9,168
Median Other Debt $28,215 $15,898
Median Total Debts $351,508 $189,194
     

Occupation

Lake Elmo Minnesota
     
Occupations: White Collar 2,079 2,278,356
Occupations: Blue Collar 514 609,790
     
Business Counts: Professional Specialty Occupations 423 486,063
Business Counts: Sales Professionals 64 70,954
Business Counts: Technologies and Technicians 121 116,590
Business Counts: Sales Workers and Clerks 193 255,957
Business Counts: Administrative Support 544 546,853
Business Counts: Technical, Sales and Administrative: Field Occupations 7 7,745
Business Counts: Private Household 0 125
Business Counts: Protective Services 30 35,674
Business Counts: Other Services: Site Based 368 394,267
Business Counts: Other Services: Field Based 11 17,041
Business Counts: Farming, Forestry, and Fishing 55 51,903
Business Counts: Precision, Craft, and Repair: Site Based 208 254,098
Business Counts: Construction, Repair and Mining: Field Based 74 71,649
Business Counts: Machine Operators, Assemblers and Inspectors 53 75,621
Business Counts: Transportation Materials Moving Workers 69 79,671
Business Counts: Handlers, Helpers and Laborers 55 76,848
     
Employees: Agricultural, Forestry, Fishing 81 27,729
Employees: Mining 10 2,221
Employees: Construction 136 121,617
Employees: Manufacturing 52 333,933
Employees: Transportation and Communications 75 115,191
Employees: Wholesale Trade 79 138,489
Employees: Retail Trade 537 568,221
Employees: Finance, Insurance and Real Estate 310 197,089
Employees: Services 1,260 1,228,863
Employees: Public Administration 53 154,793
     

Transportation & Commute

Lake Elmo Minnesota
Median Travel Time to Work 19.8 18.65
Transportation to Work: Public 1 % 3 %
Transportation to Work: Drive / Carpool 93 % 88 %
Transportation to Work: Walk / Bike / Other 0 % 4 %
Transportation to Work: Work at Home 5 % 5 %
     

Crime Risk

Lake Elmo Minnesota
Total Crime Risk 34 80
     
Personal Crime Risk 22 53
Murder Risk 2 42
Rape Risk 89 124
Robbery Risk 5 51
Assault Risk 10 46
     
Property Crime Risk 36 85
Burglary Risk 49 73
Larceny Risk 37 95
Motor Vehicle Theft Risk 11 60
     

Temperature & Rain

Lake Elmo Minnesota
Average January High Temperature 23.3 19.22
Average January Low Temperature 4.9 -.82
Average July High Temperature 84.8 81.62
Average July Low Temperature 62.7 59.05
     
Annual Precipitation 33.61 27.74
     

Weather Risk Index

Lake Elmo Minnesota
Weather Risk 56 43
Earthquake Risk 11 12
Hail Index 352 118
Hurricane Index 0 0
Tornado Index 62 85
Wind Index 236 79
     

Environmental Quality Index

Lake Elmo Minnesota
Air Pollution Index 90 90
Ozone Index 104 88
Carbon Monoxide Index 71 101
Lead Index 77 81
NO2 Index 108 89
Particulate Matter Index 92 91
     
  
Data on community demographics, schools and recent sales provided by Onboard Informatics.
Copyright © 2009 Onboard Informatics Information is deemed reliable but not guaranteed.
Top 10 List
Highest Median Household Income
Zip
1
55042
$96,793
Median Value of Home Equity
Zip
1
55042
$288,151
Fastest Growing (change since 2000)
Zip
1
55042
11 %
Longest Commute
Zip
1
55042
19.98
Data on community demographics, schools and recent sales provided by OnBoard LLC.
Copyright © 2009 OnBoard LLC. Information is deemed reliable but not guaranteed.

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