ZIP 55042 — Business Opportunities

Lake Elmo, MN · Local economy intelligence

Population

12,647

Median income

$157,923

Median age

41.4

Households

4,514

Top business opportunities in 55042

The highest-scored business categories to consider opening in Lake Elmo, MN, based on demand (population, income, demographic fit) versus existing supply.

1. Furniture & Home Decor 100/100
~2.2 businesses underserved · confidence: medium
2. Jewelry & Accessories 100/100
~1.9 businesses underserved · confidence: medium
3. Childcare 100/100
~2.2 businesses underserved · confidence: medium
4. Veterinary 100/100
~1.8 businesses underserved · confidence: medium
5. Electronics Repair 100/100
~1.3 businesses underserved · confidence: medium
6. Electronics 96/100
~1.2 businesses underserved · confidence: low
7. Clothing & Apparel 83/100
~3.0 businesses underserved · confidence: medium
8. Fitness Centre 81/100
~2.4 businesses underserved · confidence: medium
9. Cafes & Coffee Shops 57/100
~2.9 businesses underserved · confidence: medium
10. Grocery & Supermarkets 53/100
~2.9 businesses underserved · confidence: medium

What's already here — existing business mix

The most common business categories currently operating in ZIP 55042.

Park — 18 businesses
Restaurants — 4 businesses
Gas Stations — 2 businesses
Religious — 2 businesses
Banking & Finance — 2 businesses
Auto Sales — 2 businesses
Convenience Stores — 2 businesses
Golf Course — 2 businesses
Hair Salons — 1 businesses
Auto Repair — 1 businesses
Bars & Nightlife — 1 businesses
Schools — 1 businesses
Cafes & Coffee Shops — 1 businesses
Beauty & Nail Salons — 1 businesses
Fast Food — 1 businesses

Full demographic profile

Population	12,647
Households	4,514
Median household income	$157,923
Per capita income	$79,741
Median age	41.4
% bachelor's degree or higher	61.196%
% age 18–34	13.592%
% age 65+	10.619%
% renter-occupied	7.56%
Median home value	$559,700
Median gross rent	—
Unemployment rate	3.11%

Nearby ZIPs in MN

55020 Elko New Market · 55019 Dundas · 55018 Dennison · 55017 Dalbo · 55016 Cottage Grove · 55014 Circle Pines

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