At a Glance
Median Income
$138,119
$56,494 per capita
Home Value
$425,200
Zillow: $485,324
Median Rent
$1,727/mo
32.1% of income on rent
Violent Crime
79/100K
576/100K property
Bachelor's Degree+
50.9%
97.1% high school+
Unemployment
2.3%
2.0% poverty rate
Obesity Rate
32.6%
10.1% smoking rate
How Lakeville Compares to the U.S. Average
Each bar shows Lakeville's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Lakeville a Good Place to Live?
A
4.0 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Lakeville residents earn a median household income of $138,119 , which is 84% above the national average of $75,149.
Per capita income is $56,494. The unemployment rate stands at 2.3% (36% below the U.S. rate of 3.6%). 2.0% of residents live below the poverty line. The area is home to 11,950 business establishments, including 748 restaurants.
Housing & Cost of Living
The median home value in Lakeville is $425,200 , 51% above the national median of $281,900.
Zillow estimates the typical home at $485,324. Median rent is $1,727/month, with 32.1% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1997.
Safety & Crime
Lakeville reports 79 violent crimes per 100,000 residents
, which is 79% below the national average of 380/100K.
Property crime is 576/100K. The murder rate is 2.6/100K.
Education
50.9% of adults in Lakeville hold a bachelor's degree or higher
(51% above the national average).
97.1% have completed high school. Local schools score 6.6/10 in standardized testing.
Climate & Weather
Lakeville has an average annual temperature of 46°F (8°C).
Winters average 15°F in January while summers reach 72°F in July. Annual precipitation totals 32.3 inches. Air quality is rated Good with a median AQI of 38.
Data Overview
People
Population72,480
Median Age36.9 yrs
Density1,963/mi²
Male / Female51% / 49%
Foreign Born8.6%
Veterans5.5%
Economy
A+
Median Income$138,119
Per Capita$56,494
Unemployment2.3%
Poverty2.0%
County GDP$37,138M
Avg Weekly Wage$1,400
Housing
A+
Home Value$425,200
Rent$1,727
Ownership87.8%
Zillow$485,324
Housing Units24,820
Rent Burden32.1%
Crime
F
Violent79/100K
Property576/100K
Murder2.6/100K
Assault43/100K
Burglary55/100K
Health
Obesity32.6%
Diabetes7.7%
Smoking10.1%
Heart Disease4.2%
Premature Death5,146/100K
Climate
Avg Temp46°F
Rain32.3 in/yr
AQI38 (Good)
Elevation1,086 ft
Education
A+
Bachelor's+50.9%
High School+97.1%
Graduate+14.6%
School Score6.6/10
Community
2024 VoteR 43% / D 55%
Commute25 min
Broadband95.8%
Internet Speed139 Mbps
EV Stations9
Libraries10
Did You Know?
Lakeville was founded in 1850.
The median home in Lakeville was built in 1997.
20.7% work from home.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (14 miles).
The Gini coefficient (income inequality) is 0.411 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
7.5% of the population has a disability.
Average internet download speed is 139 Mbps.
There are 748 restaurants in the area.
The county recorded 24 fatal vehicle crashes.