Minnesota city profile

Living in Lakeville, Minnesota

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.

Lakeville at a glance

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

Air quality (AQI)

45

0th in MN of 72

Walk score

7/100

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Sources: Home prices and rent from Zillow; income, unemployment and commute from the U.S. Census; school ratings from state education data; crime from the FBI; air quality from the EPA. City rankings are within Minnesota only. Updated 2026.