Lake Elmo receives the higher standardized Area Score. That reflects AreaProfile's weighting, not a judgment about which place is better to live in.
Signals
Lake Elmo
Minneapolis
Opportunity
57 · Top 49%
vs49 · Bottom 36%
Growth
60 · Top 32%
vs33 · Bottom 22%
Climate
55 · Bottom 5%
vs55 · Bottom 5%
Physical resilience
87 · Top 15%
vs93 · Top 7%
Housing affordability
88 · Top 36%
vs78 · Bottom 46%
Schools
56 · Top 43%
vs27 · Bottom 19%
Access
92 · Top 48%
vs97 · Top 29%
Economic stability
72 · Top 25%
vs59 · Bottom 46%
Measured values
| Metric | Lake Elmo | Minneapolis | Source period |
|---|---|---|---|
| Population | 13,140 | 427,246 | 2024 ACS 5-Year |
| Median household income | $153,669 | $80,846 | 2024 ACS 5-Year |
| Per capita income | $76,087 | $52,692 | 2024 ACS 5-Year |
| Population density | 595/sq mi | 7,912/sq mi | 2024 ACS 5-Year |
| Median home value | $597,000 | $362,200 | 2024 ACS 5-Year |
| Median gross rent | $2,407 | $1,371 | 2024 ACS 5-Year |
| Homeownership rate | 93.5% | 47.7% | 2024 ACS 5-Year |
| Unemployment rate | 4.4% | 4.2% | June 2026 |
| Employment change (year over year) | -1.9% | -2.1% | June 2026 |
| Bachelor's degree or higher | 61.9% | 55.5% | 2024 ACS 5-Year |
| Poverty rate | 4.8% | 16.0% | 2024 ACS 5-Year |
| Housing units permitted (12 months) | 126 | 415 | 12 months ending July 2026 |
| Permits per 1,000 residents | 9.6 | 1.0 | 12 months ending July 2026 |
| Permit change (year over year) | -38.2% | 40.7% | 12 months ending July 2026 |
| Average July high | 83°F | 83°F | 1991-2020 Normals |
| Average January low | 9°F | 9°F | 1991-2020 Normals |
| Annual precipitation | 29.2" | 31.6" | 1991-2020 Normals |
| Distance to major airport | 17 mi | 6 mi | NASR current cycle |
| Average commute | 24.9 min | 23.7 min | 2024 ACS 5-Year |
| Median age | 40.8 | 33.4 | 2024 ACS 5-Year |
| Public schools | 3 | 143 | 2024-25 school year |
| Students per teacher | 14.79 | 13.23 | 2024-25 school year |
| Math proficiency | 53.5% | 30.5% | 2019-20 school year |
| Reading proficiency | 49.9% | 37.1% | 2019-20 school year |
| Free or reduced-price lunch eligibility | 25.0% | 60.7% | 2024-25 school year |
A bolded value is the more favorable of the two where the metric has a clear direction. Metrics like population and density have no inherent better or worse and are shown unweighted.
Physical risk tradeoff
Lake Elmo
Elevated or high exposure: strong wind, hail.
Minneapolis
Elevated or high exposure: hail.
Your best match
Weight what matters to you. Your preferences stay in this browser and never change either Area Score.
Lake Elmo
71
Your Score
68
Area Score
Minneapolis
61
Your Score
59
Area Score
Select your priorities to see which of the two fits them better.
Full profiles: Lake Elmo, MN · Minneapolis, MN · How this is calculated: methodology