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CITY OF LAKE ELMO, MINNESOTA <br />DEMOGRAPHIC AND ECONOMIC STATISTICS <br />LAST TEN YEARS <br /> <br /> <br />125 <br /> <br /> <br />Personal Per <br />Income (4)Capita State City <br />Fiscal (thousands Personal Unemployment Unemployment <br />Year Population (1)of dollars)Income (2)Rate (3)Rate (3) <br />2014 8,069 357,723$ 44,333$ 3.8%3.7% <br />2015 8,069 371,602 46,053 3.2%2.9% <br />2016 8,069 374,345 46,393 3.8%3.3% <br />2017 9,625 438,563 45,565 3.3%3.3% <br />2018 10,521 497,896 47,324 2.8%2.7% <br />2019 11,105 601,991 54,209 3.5%2.8% <br />2020 11,105 652,352 58,744 4.9%4.0% <br />2021 12,655 851,277 67,268 2.6%2.2% <br />2022 13,514 1,036,970 76,733 3.4%2.9% <br />2023 13,514 1,038,064 76,814 1.9%1.7% <br />Sources: <br />(1) Metropolitan Council; 2022 most recent <br />(2) United States Census Bureau <br />(3) Estimate based on County unemployment rate provided by Minnesota Department of <br />Employment and Economic Development <br />(4) The estimated personal income for the City of Lake Elmo is calculated by taking the per capita <br /> income and multiplying it by the City's population.