Lake Elmo, MN
13,140Residents
$153,669Median household income
$2,407/moMedian gross rent
$597,000Median home value
40.8Median age
62%Adults with a bachelor’s degree or higher
94%Homes lived in by their owners
3.9×Home value to household income
Median rent takes about 19% of the median household income in Lake Elmo.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $96,000 a year. In Minnesota that leaves roughly $5,820 a month after tax. See the full paycheck breakdown for $95,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.