Commute
High scores in the commute category could indicate that this area offers short commute times to work and readily available public transportation options.
Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Cost Of Living
Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
Located in the state of Minnesota, Lake Elmo is a small city with a population of 9,071 residents. The majority of Lake Elmo residents report their race to be White; this is followed by Black and Asian. 70% of the people in Lake Elmo (over the age of 15) are married and 51% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Lake Elmo, your commute time will align closely with the national average, spanning a one-way duration of approximately 26 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Lake Elmo, Minnesota could be a good experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. The best areas in Lake Elmo and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, cost of living, education, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Minnesota and national averages.
With a livability score of 71 out of 100, Lake Elmo is ranked #5,806 in the United States and #238 in Minnesota. For each of the livability categories, we know that Lake Elmo ranks very well for crime (A+) and housing (A+). There are some categories that Lake Elmo does not rank well for, including: amenities (F) and cost of living (F). It might be worth taking a closer look to determine why.
The unemployment rate in Lake Elmo has consistently declined over the years and currently stands well below the national average at 1.76%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Lake Elmo apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Assuming that Lake Elmo meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Lake Elmo. Everything else becomes a lot less important if it turns out that home prices in Lake Elmo are simply unattainable. Median real estate prices in Lake Elmo come in at $433,500, which is 126.4% higher than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Lake Elmo, the home price to income ratio is 3, which is 0% lower than the Minnesota average.
| Statistic | Lake Elmo | Minnesota | National |
| Average one way commute | 26min | 23min | 26min |
| Workers who drive to work | 74.0% | 78.0% | 76.4% |
| Workers who carpool | 7.8% | 8.7% | 9.3% |
| Workers who take public transit | 1.5% | 3.5% | 5.1% |
| Workers who bicycle | 0.3% | 0.8% | 0.6% |
| Workers who walk | 0.4% | 2.8% | 2.8% |
| Working from home | 15.5% | 5.3% | 4.6% |
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