Lake Elmo, MN Employment - Median Household Income, Unemployment Rate

Get 300+ Local Insights for Any Address in Lake Elmo, MN

Get Access to 300+ Local Data Points

A+

121%

Income/capita NAT. AVG.

167%

Household income NAT. AVG.

63%

Unemployment NAT. AVG.

Index	Lake Elmo	Minnesota	National
Income per capita	$99,275	$49,588	$44,883
Median household income	$216,788	$92,370	$81,333
Median income owner occupied	$239,630	$117,544	$106,172
Median income renter occupied	$52,312	$52,026	$52,080
Median earnings male	$123,645	$60,747	$54,343
Median earnings female	$71,001	$42,223	$38,439
Unemployment rate	1.8%	3.6%	4.9%
Poverty level	3.8%	10.8%	15.1%

Explore the Local Economy Before Moving!

See economic data around your specific address
Understand nearby income and employment trends
Compare local economies side by side

GET REPORT →

Homes For Sale In Lake Elmo, MN

9787 8th St N

Lake Elmo, MN

5264 Linden Trl N

Lake Elmo, MN

5710 Kelvin Ave N

Lake Elmo, MN

3973 Kokanee Ln N

Lake Elmo, MN

Key findings

The income per capita in Lake Elmo is 121% higher than the national average
The median household income in Lake Elmo is 167% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Lake Elmo is 63% lower than the national average
The poverty level in Lake Elmo is 75% lower than the national average

Compare Lake Elmo, MN Employment

Best Places for Employment in and Around Lake Elmo

See all the best places to live around Lake Elmo

Write a review to give others more information about this area.

See all Lake Elmo poll results

am i middle class

$144,510 $216,788 $433,576

City

$61,573 $92,370 $184,740

State

$54,216 $81,333 $162,666

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

The best places in Minnesota

Here are the best places to live in Minnesota

Safest States In The US

These are the 10 cheapest cities in Minnesota

See the best places to live in Lake Elmo

Lake Elmo median earnings by income bracket

Lake Elmo employment by industry

Labour Type	Male	Female
Construction industry	4.6%	4.6%
Manufacturing sector	25.8%	25.8%
Financial & insurance services	9.7%	9.7%
Wholesale & retail services	19.3%	19.3%
Public administration	3.6%	3.6%
Transportation, warehousing & utilities	2.4%	2.4%
Education, health & social services	11.1%	11.1%
Other	22.7%	22.7%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Sunfish Lake, MN	540	$373,859	359.7%
North Oaks, MN	5,400	$315,984	288.5%
Dellwood, MN	1,339	$295,588	263.4%
Pine Springs, MN	452	$201,342	147.6%
Birchwood Village, MN	1,099	$184,168	126.4%
Lake Elmo, MN	9,402	$216,788	166.5%

Cities with similar population

City	Population	Household Income	National Avg.
Rochelle, IL	9,400	$74,527	8.4%
Wagoner, OK	9,400	$64,489	20.7%
Lake Mohawk, NJ	9,397	$165,029	102.9%
Warren, PA	9,397	$65,190	19.8%
Haiku-Pauwela, HI	9,392	$127,226	56.4%
Lake Elmo, MN	9,402	$216,788	166.5%

Source: The Lake Elmo, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.