Minnesota city profile
What it costs to live in Lakeville, and how it compares with other Minnesota cities, in plain numbers.
Value score
84
7th best value in Minnesota
How much you get for what you pay, versus other Minnesota cities.
Overall livability
80
4th overall in Minnesota
Cost, safety, schools, jobs and quality of life combined.
Lakeville is home to about 69,026 people. A typical home runs $342,100 and a household earns around $120,000, a price-to-income ratio of 2.9. Among Minnesota's largest cities, it ranks 7th for value and 4th overall. For context, the typical Lakeville home is about 3% above the statewide median of $333,000 and local household income is about 32% above the statewide median of $90,700.
Median home price
$342,100
17th in MN of 72
Median rent
$1,604/mo
Median household income
$120,000
Home price to income
2.9x
Unemployment
2.8%
14th in MN of 72
School rating
10/10
11th in MN of 72
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More Minnesota cities: Bloomington, Brooklyn Park, Duluth, Maple Grove, Minneapolis, Plymouth, Rochester, St. Paul, Woodbury