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The total population of Lake Elmo is estimated to be 11,861 with 5,954 males (50.20%) and 5,907 females (49.80%). There are 47 less females than males in Lake Elmo.
The median household income in Lake Elmo was $172,415 in 2021, which marked an an increase of 7,619(4.62%) from $164,796 in 2020. This income is 231.10% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Lake Elmo sees its highest median household income among householders in the age group of 25 to 44 years old, at $219,759. Overall, the median household income for the city of Lake Elmo stands at $172,415.
In Lake Elmo, the median income for all workers aged 15 years and older, regardless of work hours, was $93,487 for males and $47,735 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $125,656 for males and $91,293 for females.
In Lake Elmo, there are just three different racial groups among households. Among these, Asian households report a median household income of $263,718, followed by White households at $177,531, and Black or African American households with a median household income of $157,167.
In 2022, the population of Lake Elmo was 13,449, a 4.22% increase year-by-year from 2021. Previously, in 2021, Lake Elmo's population was 12,905, an increase of 13.72% compared to a population of 11,348 in 2020.
The median age in Lake Elmo, MN is 39.7, as per 2021 ACS 5-Year Estimates. Of the total population, 21.66% were under the age of 15, 17.93% aged 15 to 29, 46.98% aged 30 to 64, 11.74% aged 65 to 84, and 1.69% were 85 years of age and older.
Racial distribution of Lake Elmo population: 91.22% are White, 4.33% are Black or African American, 0.07% are American Indian and Alaska Native, 2.08% are Asian, 0.36% are some other race and 1.94% are multiracial.