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7 <br />COMMUNITY DEMOGRAPHICS <br />Taking a closer look at Lake Elmo’s demographic <br />makeup reveals a few key characteristics and <br />insights, including: <br />• The city has a predominantly white population, <br />along with smaller communities of Asian, <br />Hispanic, and African American residents <br />• The median household income in Lake Elmo <br />exceeds national averages, reflecting a relatively <br />affluent community with well-maintained <br />infrastructure, quality services, and thriving <br />businesses <br />• The city highly values education; in fact, nearly <br />two-thirds of the population has a bachelor’s <br />degree <br />• The unemployment rate in Lake Elmo is 3.5%, <br />reflecting a healthy job market and economy <br />• Only 3% of households in Lake Elmo are below <br />poverty level <br />Key Facts <br />Population by Age: 5-Year Increments <br />(2021) <br />2021 Population by Race, <br />Age 18+ <br />13,756 <br />2023 Total Population <br />337 <br />2023 Total (SIC01-99) <br />Businesses <br />4,914 <br />2023 Total Households <br />$163,359 <br />2023 Median <br />Household Income <br />8% <br />7% <br />6% <br />5% <br />4% <br />3% <br />2% <br />1% <br />0% <br />Dots show comparison to Washington County <br />0- <br />4 <br />10 <br />- <br />1 <br />4 <br />20 <br />- <br />2 <br />4 <br />30 <br />- <br />3 <br />4 <br />50 <br />- <br />5 <br />4 <br />40 <br />- <br />4 <br />4 <br />60 <br />- <br />6 <br />4 <br />70 <br />- <br />7 <br />4 <br />80 <br />- <br />8 <br />4 <br />2+ Races <br />Other Race <br />Pacific Islander <br />Asian <br />Native <br />American <br />Black <br />White <br />0%10 30 50 70204060 80