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CITY OF LAKE ELMO, MINNESOTA <br />DEMOGRAPHIC AND ECONOMIC STATISTICS <br />LAST TEN YEARS <br /> <br /> <br />127 <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 />2015 8,069 374,345$ 46,393$ 3.2%2.9% <br />2016 8,069 367,664 45,565 3.8%3.3% <br />2017 9,625 455,494 47,324 3.3%3.3% <br />2018 10,521 570,333 54,209 2.8%2.7% <br />2019 11,105 652,352 58,744 3.5%2.8% <br />2020 11,335 762,483 67,268 4.9%4.0% <br />2021 12,655 927,536 73,294 2.6%2.2% <br />2022 13,514 1,076,255 79,640 3.4%2.9% <br />2023 14,033 1,104,159 78,683 1.9%1.7% <br />2024 14,191 1,116,551 78,683 2.9%2.6% <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. <br />