The median household income in Lake Elmo, MN in 2022 was $152,101, which was 45.9% greater than the median annual income of $82,338 across the entire state of Minnesota. Compared to the median income of $76,876 in 2000 this represents an increase of 49.5%. The per capita income in 2022 was $78,167, which means an increase of 57.8% compared to 2000 when it was $33,007.
Whole page based on the data from 2000 / 2022 when the population of Lake Elmo, Minnesota was 6,863 / 12,182
Income statistics for all residents
Median household income in Lake Elmo, MN in 2022:
Lake Elmo:
$152,101
State:
$82,338
Change in median household income between 2000 and 2022:
Lake Elmo, Minnesota:
+97.9%
State:
+74.8%
Number of households with income < $10k:
Lake Elmo:
4.7% (209)
State:
4.3% (100,518)
Number of households with income $10k - 20k:
Lake Elmo:
1.8% (81)
Minnesota:
5.6% (130,945)
Number of households with income $20k - 30k:
Lake Elmo:
4.0% (177)
Minnesota:
6.1% (140,637)
Number of households with income $30k - 40k:
Lake Elmo:
4.6% (205)
State:
6.5% (151,862)
Number of households with income $40k - 50k:
Lake Elmo:
2.4% (106)
Minnesota:
6.7% (154,930)
Number of households with income $50k - 60k:
Lake Elmo:
5.4% (241)
Minnesota:
6.9% (159,181)
Number of households with income $60k - 75k:
Lake Elmo:
4.1% (185)
Minnesota:
9.4% (218,220)
Number of households with income $75k - 100k:
Lake Elmo:
6.7% (300)
State:
13.8% (319,951)
Number of households with income $100k - 125k:
Lake Elmo:
7.5% (336)
Minnesota:
10.8% (251,243)
Number of households with income $125k - 150k:
Lake Elmo:
8.5% (381)
State:
8.2% (190,349)
Number of households with income $150k - 200k:
Lake Elmo:
10.9% (488)
State:
10.2% (236,018)
Number of households with income > $200k:
Lake Elmo:
39.5% (1,765)
Minnesota:
11.6% (268,336)
Aggregate household income in Lake Elmo in 2022: $952,210,250
Median family income in Lake Elmo in 2022:
Lake Elmo:
$181,204
Minnesota:
$105,324
Number of families with income < $10k:
Lake Elmo:
1.6% (55)
State:
2.2% (31,728)
Number of families with income $10k - 20k:
Lake Elmo:
2.5% (86)
Minnesota:
2.5% (36,635)
Number of families with income $20k - 30k:
Lake Elmo:
2.0% (68)
State:
3.5% (50,742)
Number of families with income $30k - 40k:
Lake Elmo:
0.6% (21)
State:
4.4% (64,281)
Number of families with income $40k - 50k:
Lake Elmo:
1.0% (34)
State:
5.2% (76,436)
Number of families with income $50k - 60k:
Lake Elmo:
3.1% (107)
State:
5.7% (83,050)
Number of families with income $60k - 75k:
Lake Elmo:
3.7% (130)
State:
8.8% (127,783)
Number of families with income $75k - 100k:
Lake Elmo:
7.7% (270)
State:
14.7% (214,426)
Number of families with income $100k - 125k:
Lake Elmo:
8.4% (293)
Minnesota:
13.1% (190,094)
Number of families with income $125k - 150k:
Lake Elmo:
10.7% (372)
State:
10.3% (149,830)
Number of families with income $150k - 200k:
Lake Elmo:
13.3% (465)
Minnesota:
13.6% (197,479)
Number of families with income > $200k:
Lake Elmo:
45.5% (1,587)
Minnesota:
16.1% (233,828)
Median non-family income in Lake Elmo in 2022:
Lake Elmo:
$51,304
Minnesota:
$48,461
Change in median non-family income between 2000 and 2022:
Lake Elmo, Minnesota:
+63.1%
Minnesota:
+73.6%
Median per capita income in Lake Elmo in 2022:
Lake Elmo:
$78,168
State:
$45,021
Change in median per capita income between 2000 and 2022:
Lake Elmo, Minnesota:
+136.8%
State:
+94.1%
Income statistics for White residents
Median household income in Lake Elmo, MN in 2022:
Lake Elmo:
$153,140
Minnesota:
$85,697
Change in median household income between 2000 and 2022:
Lake Elmo, Minnesota:
+96.9%
Minnesota:
+77.5%
Number of households with income < $10k:
Lake Elmo:
1.8% (69)
State:
3.9% (74,145)
Number of households with income $10k - 20k:
Lake Elmo:
2.0% (80)
State:
5.1% (97,289)
Number of households with income $20k - 30k:
Lake Elmo:
4.7% (184)
State:
5.8% (111,536)
Number of households with income $30k - 40k:
Lake Elmo:
4.4% (172)
Minnesota:
6.2% (118,402)
Number of households with income $40k - 50k:
Lake Elmo:
2.2% (85)
State:
6.6% (126,331)
Number of households with income $50k - 60k:
Lake Elmo:
7.1% (278)
Minnesota:
6.8% (129,961)
Number of households with income $60k - 75k:
Lake Elmo:
4.5% (177)
State:
9.4% (181,337)
Number of households with income $75k - 100k:
Lake Elmo:
7.3% (284)
State:
13.8% (265,776)
Number of households with income $100k - 125k:
Lake Elmo:
8.3% (325)
State:
11.2% (214,803)
Number of households with income $125k - 150k:
Lake Elmo:
7.0% (275)
State:
8.6% (164,715)
Number of households with income $150k - 200k:
Lake Elmo:
10.9% (425)
State:
10.6% (203,283)
Number of households with income > $200k:
Lake Elmo:
39.8% (1,554)
State:
12.2% (233,694)
Aggregate household income in Lake Elmo in 2022: $856,998,507
Median family income in Lake Elmo in 2022:
Lake Elmo:
$181,370
Minnesota:
$110,049
Number of families with income < $10k:
Lake Elmo:
0.4% (13)
Minnesota:
1.5% (17,407)
Number of families with income $10k - 20k:
Lake Elmo:
2.4% (73)
State:
1.9% (22,955)
Number of families with income $20k - 30k:
Lake Elmo:
2.9% (90)
State:
2.9% (34,913)
Number of families with income $30k - 40k:
Lake Elmo:
0.8% (25)
State:
3.7% (44,598)
Number of families with income $40k - 50k:
Lake Elmo:
1.2% (36)
State:
4.9% (58,683)
Number of families with income $50k - 60k:
Lake Elmo:
4.1% (126)
Minnesota:
5.4% (64,644)
Number of families with income $60k - 75k:
Lake Elmo:
3.8% (118)
Minnesota:
8.9% (105,839)
Number of families with income $75k - 100k:
Lake Elmo:
7.9% (245)
Minnesota:
14.8% (177,106)
Number of families with income $100k - 125k:
Lake Elmo:
9.1% (281)
Minnesota:
13.6% (162,292)
Number of families with income $125k - 150k:
Lake Elmo:
8.8% (272)
Minnesota:
10.9% (130,417)
Number of families with income $150k - 200k:
Lake Elmo:
12.8% (397)
State:
14.3% (171,257)
Number of families with income > $200k:
Lake Elmo:
45.8% (1,415)
State:
17.1% (204,721)
Median non-family income in Lake Elmo in 2022:
Lake Elmo:
$52,692
Minnesota:
$49,920
Change in median non-family income between 2000 and 2022:
Lake Elmo, Minnesota:
+68.4%
State:
+76.0%
Median per capita income in Lake Elmo in 2022:
Lake Elmo:
$84,200
State:
$49,507
Change in median per capita income between 2000 and 2022:
Lake Elmo, Minnesota:
+149.7%
Minnesota:
+103.3%
Income statistics for Black or African American residents
Median household income in Lake Elmo, MN in 2022:
Lake Elmo:
$131,351
Minnesota:
$51,320
Number of households with income < $10k:
Lake Elmo:
0.0% (0)
State:
9.8% (13,122)
Number of households with income $10k - 20k:
Lake Elmo:
0.0% (0)
Minnesota:
12.0% (16,076)
Number of households with income $20k - 30k:
Lake Elmo:
0.0% (0)
Minnesota:
8.9% (11,986)
Number of households with income $30k - 40k:
Lake Elmo:
0.0% (0)
Minnesota:
9.8% (13,064)
Number of households with income $40k - 50k:
Lake Elmo:
0.0% (0)
State:
7.8% (10,426)
Number of households with income $50k - 60k:
Lake Elmo:
0.0% (0)
Minnesota:
8.4% (11,191)
Number of households with income $60k - 75k:
Lake Elmo:
0.0% (0)
Minnesota:
9.5% (12,717)
Number of households with income $75k - 100k:
Lake Elmo:
0.0% (0)
State:
11.0% (14,800)
Number of households with income $100k - 125k:
Lake Elmo:
0.0% (0)
State:
7.5% (10,088)
Number of households with income $125k - 150k:
Lake Elmo:
33.3% (49)
State:
4.7% (6,321)
Number of households with income $150k - 200k:
Lake Elmo:
38.1% (56)
State:
6.1% (8,240)
Number of households with income > $200k:
Lake Elmo:
28.6% (42)
State:
4.4% (5,958)
Aggregate household income in Lake Elmo in 2022: $23,147,847
Median family income in Lake Elmo in 2022:
Lake Elmo:
$145,691
State:
$61,475
Number of families with income $125k - 150k:
Lake Elmo:
35.6% (49)
State:
6.3% (5,073)
Number of families with income $150k - 200k:
Lake Elmo:
34.5% (48)
State:
6.8% (5,454)
Number of families with income > $200k:
Lake Elmo:
29.9% (41)
Minnesota:
6.0% (4,815)
Median per capita income in Lake Elmo in 2022:
Lake Elmo:
$34,706
State:
$25,146
Income statistics for Asian residents
Median household income in Lake Elmo, MN in 2022:
Lake Elmo:
$282,162
Minnesota:
$93,773
Change in median household income between 2000 and 2022:
Lake Elmo, Minnesota:
+138.4%
State:
+106.0%
Number of households with income < $10k:
Lake Elmo:
20.0% (13)
State:
4.2% (3,886)
Number of households with income $10k - 20k:
Lake Elmo:
0.0% (0)
State:
4.1% (3,821)
Number of households with income $20k - 30k:
Lake Elmo:
0.0% (0)
State:
3.8% (3,485)
Number of households with income $30k - 40k:
Lake Elmo:
0.0% (0)
State:
5.0% (4,620)
Number of households with income $40k - 50k:
Lake Elmo:
0.0% (0)
Minnesota:
6.0% (5,609)
Number of households with income $50k - 60k:
Lake Elmo:
0.0% (0)
State:
5.4% (4,977)
Number of households with income $60k - 75k:
Lake Elmo:
0.0% (0)
State:
9.3% (8,666)
Number of households with income $75k - 100k:
Lake Elmo:
0.0% (0)
State:
15.6% (14,466)
Number of households with income $100k - 125k:
Lake Elmo:
0.0% (0)
Minnesota:
10.7% (9,893)
Number of households with income $125k - 150k:
Lake Elmo:
0.0% (0)
Minnesota:
9.3% (8,600)
Number of households with income $150k - 200k:
Lake Elmo:
1.5% (1)
State:
12.6% (11,662)
Number of households with income > $200k:
Lake Elmo:
78.5% (51)
State:
14.2% (13,207)
Aggregate household income in Lake Elmo in 2022: $27,493,643
Median family income in Lake Elmo in 2022:
Lake Elmo:
$262,059
Minnesota:
$105,412
Number of families with income < $10k:
Lake Elmo:
24.8% (17)
Minnesota:
3.3% (2,246)
Number of families with income $150k - 200k:
Lake Elmo:
1.7% (1)
State:
14.4% (9,877)
Number of families with income > $200k:
Lake Elmo:
73.5% (51)
State:
17.1% (11,714)
Median per capita income in Lake Elmo in 2022:
Lake Elmo:
$61,286
State:
$39,496
Change in median per capita income between 2000 and 2022:
Lake Elmo, Minnesota:
+130.6%
State:
+156.7%
Income statistics for Hispanic or Latino residents
Number of households with income < $10k:
Lake Elmo:
0.0% (0)
State:
4.0% (3,834)
Number of households with income $10k - 20k:
Lake Elmo:
19.1% (25)
Minnesota:
6.1% (5,874)
Number of households with income $20k - 30k:
Lake Elmo:
0.0% (0)
State:
9.9% (9,526)
Number of households with income $30k - 40k:
Lake Elmo:
12.2% (16)
Minnesota:
10.1% (9,710)
Number of households with income $40k - 50k:
Lake Elmo:
16.8% (22)
State:
8.0% (7,724)
Number of households with income $50k - 60k:
Lake Elmo:
0.0% (0)
Minnesota:
9.6% (9,248)
Number of households with income $60k - 75k:
Lake Elmo:
0.0% (0)
Minnesota:
10.8% (10,444)
Number of households with income $75k - 100k:
Lake Elmo:
0.0% (0)
Minnesota:
15.0% (14,464)
Number of households with income $100k - 125k:
Lake Elmo:
24.4% (32)
Minnesota:
7.6% (7,348)
Number of households with income $125k - 150k:
Lake Elmo:
19.8% (26)
State:
5.1% (4,890)
Number of households with income $150k - 200k:
Lake Elmo:
7.6% (10)
State:
6.5% (6,257)
Number of households with income > $200k:
Lake Elmo:
0.0% (0)
Minnesota:
7.3% (7,057)
Aggregate household income in Lake Elmo in 2022: $9,219,367
Median family income in Lake Elmo in 2022:
Lake Elmo:
$115,211
Minnesota:
$67,562
Number of families with income $10k - 20k:
Lake Elmo:
24.3% (26)
State:
4.1% (2,790)
Number of families with income $30k - 40k:
Lake Elmo:
12.5% (13)
Minnesota:
8.3% (5,564)
Number of families with income $100k - 125k:
Lake Elmo:
27.7% (29)
State:
7.4% (4,975)
Number of families with income $125k - 150k:
Lake Elmo:
24.9% (26)
State:
5.3% (3,580)
Number of families with income $150k - 200k:
Lake Elmo:
10.6% (11)
State:
8.6% (5,795)
Median per capita income in Lake Elmo in 2022:
Lake Elmo:
$23,069
State:
$27,748
Change in median per capita income between 2000 and 2022:
Lake Elmo, Minnesota:
+127.7%
State:
+127.2%
Income statistics for American Indian and Alaska Native residents
Median per capita income in Lake Elmo in 2022:
Lake Elmo:
$3,917
State:
$24,180
Change in median per capita income between 2000 and 2022:: -80.1%
Lake Elmo, Minnesota:
-80.1%
State:
+85.4%
Income statistics for Multirace residents
Number of households with income < $10k:
Lake Elmo:
57.0% (126)
State:
4.8% (5,071)
Number of households with income $10k - 20k:
Lake Elmo:
0.0% (0)
State:
7.2% (7,697)
Number of households with income $20k - 30k:
Lake Elmo:
0.0% (0)
State:
8.0% (8,495)
Number of households with income $30k - 40k:
Lake Elmo:
0.0% (0)
State:
8.9% (9,445)
Number of households with income $40k - 50k:
Lake Elmo:
4.5% (10)
State:
6.3% (6,680)
Number of households with income $50k - 60k:
Lake Elmo:
0.0% (0)
Minnesota:
6.7% (7,171)
Number of households with income $60k - 75k:
Lake Elmo:
0.0% (0)
State:
8.4% (8,916)
Number of households with income $75k - 100k:
Lake Elmo:
0.0% (0)
Minnesota:
13.8% (14,719)
Number of households with income $100k - 125k:
Lake Elmo:
0.0% (0)
State:
10.0% (10,590)
Number of households with income $125k - 150k:
Lake Elmo:
21.3% (47)
State:
7.3% (7,720)
Number of households with income $150k - 200k:
Lake Elmo:
0.0% (0)
State:
8.2% (8,751)
Number of households with income > $200k:
Lake Elmo:
17.2% (38)
Minnesota:
10.5% (11,170)
Aggregate household income in Lake Elmo in 2022: $15,839,533
Median per capita income in Lake Elmo in 2022:
Lake Elmo:
$21,200
Minnesota:
$28,529
Change in median per capita income between 2000 and 2022:
Lake Elmo, Minnesota:
+12.6%
State:
+155.0%
Income statistics for other residents
Number of households with income < $10k:
Lake Elmo:
0.0% (0)
State:
5.5% (2,716)
Number of households with income $10k - 20k:
Lake Elmo:
0.0% (0)
Minnesota:
6.3% (3,106)
Number of households with income $20k - 30k:
Lake Elmo:
0.0% (0)
State:
6.7% (3,298)
Number of households with income $30k - 40k:
Lake Elmo:
0.0% (0)
State:
9.2% (4,529)
Number of households with income $40k - 50k:
Lake Elmo:
44.2% (23)
State:
8.6% (4,198)
Number of households with income $50k - 60k:
Lake Elmo:
0.0% (0)
Minnesota:
9.2% (4,519)
Number of households with income $60k - 75k:
Lake Elmo:
0.0% (0)
Minnesota:
10.8% (5,300)
Number of households with income $75k - 100k:
Lake Elmo:
0.0% (0)
State:
15.9% (7,771)
Number of households with income $100k - 125k:
Lake Elmo:
0.0% (0)
State:
8.6% (4,216)
Number of households with income $125k - 150k:
Lake Elmo:
55.8% (29)
State:
4.4% (2,178)
Number of households with income $150k - 200k:
Lake Elmo:
0.0% (0)
State:
7.3% (3,556)
Number of households with income > $200k:
Lake Elmo:
0.0% (0)
State:
7.3% (3,596)
Aggregate household income in Lake Elmo in 2022: $6,735,992
Median per capita income in Lake Elmo in 2022:
Lake Elmo:
$45,460
State:
$28,385
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