ZIP Code 55042 is associated with the city of Lake Elmo in Minnesota (Washington County) in the U.S. About 95.6% of residents in this Minnesota region have a high school degree or higher, while the per capita income is estimated at $59,095. Approximately 4% of the population is living below the poverty line. The median household income of this region is $120,214. The median age in ZIP Code 55042 is approximately 41.6 years, and 17.8% of the region's residents are aged 62 years and older. The current population estimate is 9,750.
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The median household income in ZIP Code 55042 is $120,214, while the region's mean household income is $166,484. Breaking income down further, per capita income in the region is $59,095. The per capita income in ZIP Code 55042 of $59,095 is approximately 57.06% more than the per capita income in Minnesota overall of $37,625. An estimated 4.4% of the population is living below the poverty line in this region. This rate is approximately 53.68% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 27.1% of the population in 55042 earn $200,000 or more per year, while an estimated 16.5% earn $100,000 to $149,999 per year, and 0.9% of 55042 residents earn $10,000 to $14,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 1.2% |
| $10,000 to $14,999 per year | 0.9% |
| $15,000 to $24,999 per year | 7.2% |
| $25,000 to $34,999 per year | 2.6% |
| $35,000 to $49,999 per year | 7.0% |
| $50,000 to $74,999 per year | 11.0% |
| $75,000 to $99,999 per year | 10.6% |
| $100,000 to $149,999 per year | 16.5% |
| $150,000 to $199,999 per year | 15.9% |
| $200,000 or more per year | 27.1% |
In ZIP Code 55042, 95.6% of the population graduated high school, while 52.4% have a bachelor's degree or higher. In this region, 1.9% achieved an education level less than 9th grade, while 21.0% hold a graduate or professional degree. Approximately 18.2% in this Washington County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 1.9% |
| 9th to 12th grade, no diploma | 2.5% |
| High school graduate (includes equivalency) | 18.2% |
| Some college, no degree | 16.8% |
| Associate's degree | 8.2% |
| Bachelor's degree | 31.4% |
| Graduate or professional degree | 21.0% |
Looking at race in the population that makes up ZIP Code 55042, 97.9% is one race, while 2.1% are two or more races. Approximately 6.6% of 55042 residents are hispanic or Latino (of any race). The most common race in 55042 (race alone or in combination with one or more other races), is White (93.9%), followed by Black or African American (3.4%) .
| Industry | Percent |
|---|---|
| White | 93.9% |
| Black or African American | 3.4% |
| American Indian and Alaska Native | 0.7% |
| Asian | 2.0% |
| Native Hawaiian and Other Pacific Islander | 0.0% |
| Some other race | 2.0% |
Residents of ZIP Code 55042 are older than average. The median age of 41.6 years in ZIP Code 55042 is approximately 9.19% higher than the overall median age in the U.S. of 38.1 years. About 74.1% of residents are aged 18 years and older, and 17.8% of residents are 62 years and over. Approximately 17.4% of the population in 55042 falls in the age group 45 to 54 years, while an estimated 12.1% are aged 35 to 44 years. On the low end of the scale, 1.5% of 55042 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 6.3% |
| 5 to 9 years | 7.1% |
| 10 to 14 years | 7.1% |
| 15 to 19 years | 7.0% |
| 20 to 24 years | 4.7% |
| 25 to 34 years | 9.4% |
| 35 to 44 years | 12.1% |
| 45 to 54 years | 17.4% |
| 55 to 59 years | 7.6% |
| 60 to 64 years | 8.3% |
| 65 to 74 years | 8.5% |
| 75 to 84 years | 2.9% |
| 85 years and over | 1.5% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 55042 is current access to health insurance, as an estimated 95.7% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 55042 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 95.7% |
| Risk Behavior | Percent of adults* |
|---|
Regarding the age of homes in ZIP Code 55042, an estimated 21.3% of homes were built between 1990 and 1999. Additionally, 17.4% of homes in the region were built between 2000 and 2009, while an estimated 1.9% of homes were built between 1940 and 1949 in this Washington County region.
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 12.9% |
| Built between 2010 and 2013 | 2.9% |
| Built between 2000 and 2009 | 17.4% |
| Built between 1990 and 1999 | 21.3% |
| Built between 1980 and 1989 | 9.6% |
| Built between 1970 and 1979 | 17.2% |
| Built between 1960 and 1969 | 6.4% |
| Built between 1950 and 1959 | 5.8% |
| Built between 1940 and 1949 | 1.9% |
| Built in 1939 or earlier | 4.4% |
In 55042, 70.2% of the population is in the labor force. Recent estimates place 9.0% as working from home, while the total labor force in the region has a mean travel to time to work of 25.5 minutes. Approximately 21.8% of the employed population 16 years and over in 55042 work in educational services, and health care and social assistance, while an estimated 18.0% work in manufacturing. On the lower end of the scale, just 0.6% of 55042 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 0.6% |
| Construction | 2.9% |
| Manufacturing | 18.0% |
| Wholesale trade | 3.0% |
| Retail trade | 8.3% |
| Transportation and warehousing, and utilities | 3.6% |
| Information | 2.3% |
| Finance and insurance, and real estate and rental and leasing | 11.2% |
| Professional, scientific, management, and administrative | 12.2% |
| Educational services, and health care and social assistance | 21.8% |
| Arts, entertainment, and recreation, and accommodation and food services | 8.1% |
| Other services, except public administration | 4.3% |
| Public administration | 3.8% |
In ZIP Code 55042, 92.7% of the population lists "English only" as the language spoken in home, while 5.1% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 0.4% of homes, and other Indo-European languages are spoken in 1.1% of homes. Lastly, 0.8% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Washington County region.
| Language Spoken | Percent |
|---|---|
| English only | 92.7% |
| Spanish | 5.1% |
| Other Indo-European languages | 0.4% |
| Asian and Pacific Islander languages | 1.1% |
| Other languages | 0.8% |
Regarding solar power potential, ZIP Code 55042 has an average daily solar radiation level of 4.83 kWh/m2/day. This is approximately 17.23% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 26.71% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 55042 | 11.48¢/kWh | 8.73¢/kWh | 6.83¢/kWh |
| Minnesota | 17.1¢/kWh | 13.19¢/kWh | 9.79¢/kWh |
| United States | 18.07¢/kWh | 14.06¢/kWh | 9.02¢/kWh |
| Month | ZIP Code 55042 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 3.57 | 1.9 | 5.84 |
| Feb | 4.24 | 3 | 6.31 |
| Mar | 5.07 | 3.65 | 7.02 |
| Apr | 5.41 | 5.13 | 7.3 |
| May | 5.42 | 5.17 | 7.13 |
| Jun | 5.92 | 5.72 | 6.95 |
| Jul | 6.24 | 6.22 | 6.51 |
| Aug | 5.91 | 6.08 | 6.65 |
| Sep | 5.44 | 5.15 | 7.02 |
| Oct | 4.28 | 3.32 | 6.92 |
| Nov | 3.49 | 2.33 | 5.99 |
| Dec | 2.91 | 1.78 | 5.46 |