ZIP Code 55042 — Lake Elmo city, MN Demographics & Data

ZIP code 55042 covers Lake Elmo, MN in Washington County with a population of about 13,156.

At a glance, the area shows median age of 40.8 versus a U.S. median of about 38.9.

It sits in telephone area code 651; U.S. House district MN-4; the MINNEAPOLIS - ST. PAUL media market.

Lake Elmo, MN aligns with a tech / corporate-campus profile (high remote-work / education / income profile or known campus context). Broadband quality, remote-work share, and nearby employer campuses often matter as much as classic residential stats.

Median household income in ZIP 55042 is about $154,779 — about 106% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 4.1%; unemployment rate near 2.2%; 62.2% of adults with a bachelor’s degree or higher (about 28.5 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Healthcare, and Finance and insurance; about 35.3% of workers reporting work-from-home (about 20.1 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $594,000 — about 71% above the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 92.7% (about 27.3 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 55042 in Lake Elmo, MN, a household would need roughly $164,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,816. That is roughly in line with the local median household income ($154,779). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Lake Elmo city, MN as Relatively Moderate (composite score 83.9), which is elevated versus much of the country. The strongest component scores on US5 are flood (83.5) and wildfire (64.0). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Lake Elmo city, MN show little to no average snow and around 33.2 inches of annual precipitation.

IRS migration statistics show a net inflow of about 934 for ZIP 55042 (Lake Elmo city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.