Economy & Jobs — Lake Elmo, Minnesota
Income & Employment
| Median Household Income (Census) | $153,669 |
|---|
| Estimated 2026 | ~$174,800 |
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| Per Capita Income | $78,683 |
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| Poverty Rate | 4.8% |
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| Unemployment Rate | 2.3% |
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| In Labor Force | 6,481 |
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Top Industries
| Industry | Share |
|---|
| Education Healthcare | 20.3% |
| Manufacturing | 16.5% |
| Finance Insurance | 12.7% |
Local Businesses (County)
| Type | Count |
|---|
| Real Estate Offices | 210 |
| Insurance Agencies | 173 |
| Fast Food | 163 |
| Full Service Restaurants | 161 |
| Dental Offices | 117 |
| Beauty Salons | 102 |
| Law Offices | 93 |
| Physician Offices | 85 |
| Chiropractors | 72 |
| Child Day Care | 62 |
| Auto Repair | 59 |
| Commercial Banks | 59 |
| Gas Stations | 55 |
| Fitness Centers | 43 |
| Liquor Stores | 40 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
