All Countries
Lakeville, MN
Full City Profile · Minnesota · Dakota County County
4.0
/5.0
A
Great
72,480
Population
1,963/sq mi density
$138,119
Median Income
$56,494 per capita
$425,200
Home Value
$479,397 Zillow
$1,727
Median Rent
32.1% income on rent
46°F
Avg Temperature
270 sunny days/yr
67
Violent Crime/100K
839 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$138,119 median income, 1.8% unemployment
A+
Affordability
5.0 / 5.0
$425,200 home value, $1,727/mo rent
F
Safety
1.0 / 5.0
67 violent crimes/100K
A+
Education
5.0 / 5.0
50.9% bachelor's degree or higher
Income Overview
Median Household Income
$138,119
84% above
US avg: $75,149
Per Capita Income
$56,494
45% above
US avg: $39,052
Unemployment Rate
1.8%
50% below
US avg: 3.6%
Poverty Rate
2.0%
84% below
US avg: 12.4%
Income Comparison: Lakeville vs. U.S. Average
Each bar shows Lakeville’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$138,119
184%
Per Capita
US: $39,052
$56,494
145%
IRS Avg AGI
US: $72,000
$96,679
134%
Avg Weekly Wage
US: $1,432
$1,400
98%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,400
2% below US avg ($1,432)
Mean Commute Time
25 min
11% below US avg (28 min)
Work From Home
20.7%
36% above US avg (15.2%)
Drive Alone
68.5%
6% below US avg (73.2%)
Public Transit
2.0%
60% below US avg (5.0%)
County GDP
$37,138M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
68.5%
Public Transit
2%
Work From Home
20.7%
Other
8.8%
Average commute time
25 minutes
US avg: 28 min
Business Landscape
Total Establishments
11,950
Restaurants
748
Healthcare
1,340
Retail
1,196
Manufacturing
400
Tax & Financial
IRS Avg Adjusted Gross Income
$96,679
34% above US avg ($72,000)
Avg Property Tax
$5,014
43% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $138,119 |
| Per Capita Income | $56,494 |
| IRS Avg Adjusted Gross Income | $96,679 |
| Avg Weekly Wage | $1,400 |
| County GDP | $37,138M |
Hardship Indicators
| Unemployment Rate | 1.8% |
| Poverty Rate | 2.0% |
| Gini Coefficient | 0.411 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 25 minutes |
| Drive Alone | 68.5% |
| Public Transit | 2.0% |
| Work From Home | 20.7% |
Businesses
| Total Establishments | 11,950 |
| Restaurants | 748 |
| Healthcare | 1,340 |
| Retail | 1,196 |
| Manufacturing | 400 |
Tax
| IRS Avg AGI | $96,679 |
| Avg Property Tax | $5,014 |