Economy, jobs and prices in Lakeville, Minnesota: official figures
The median household income in Lakeville was $139,041 a year in the 2020-2024 American Community Survey (in 2024 dollars), 48th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the Minnesota median $89,062.
What is the per capita income in Lakeville?
Income per resident (per capita income) in Lakeville averaged $57,291 a year in 2020-2024, 140th highest of 823 US cities of 50,000 or more (US: $44,673; Minnesota: $48,237).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Lakeville?
Lakeville's Gini index of household income inequality was 0.379 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 37th least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Lakeville, Minnesota?
2.0% of the civilian labor force in Lakeville was unemployed on average over 2020-2024 (833 people), 3rd lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Minnesota's 4.1%.
Source: U.S. Census Bureau · saved copyHow many people in Lakeville have jobs?
40,655 residents of Lakeville held civilian jobs, 72.8% of those aged 16 and over (US: 59.7%), and 115 served in the armed forces.
Source: U.S. Census Bureau · saved copyWhat are the main industries in Lakeville?
The largest industry group for working residents of Lakeville was education, health care and social assistance (23.3% of employed residents), followed by retail trade (12.1%) and professional, scientific, management and administrative services (11.8%), 2020-2024.
Source: U.S. Census Bureau · saved copyHow many people in Lakeville work in manufacturing?
Manufacturing employed 10.6% of working residents of Lakeville, 282nd highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 11.8% (US: 12.6%).
Source: U.S. Census Bureau · saved copyHow long is the commute in Lakeville, Minnesota?
Commuters in Lakeville took 23.6 minutes on average to get to work in 2020-2024, 343rd shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 2.7% travelled an hour or more and 25.1% less than 15 minutes.
Source: U.S. Census Bureau · saved copyHow do people in Lakeville get to work?
23.4% of workers living in Lakeville worked from home in 2020-2024, 132nd highest of 823 US cities of 50,000 or more (US: 15.1%). 66.1% drove to work alone, 7.9% carpooled, 1.0% used public transport and 0.8% walked.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Lakeville, Minnesota?
The median gross rent (rent plus utilities) in Lakeville was $1,806 a month in 2020-2024, 270th highest of 823 US cities of 50,000 or more (US: $1,413; Minnesota: $1,280).
Source: U.S. Census Bureau · saved copyHow much does a house cost in Lakeville?
Owner-occupied homes in Lakeville had a median value of $452,500 in 2020-2024 as estimated by their owners, 326th highest of 823 US cities of 50,000 or more (US: $332,700; Minnesota: $329,300).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Lakeville?
The median home value in Lakeville was 3.3 times the median household income, 140th lowest of 823 US cities of 50,000 or more (US: 4.1 times).
Source: U.S. Census Bureau · saved copyHow many households in Lakeville have no internet?
2.2% of households in Lakeville (575) had no internet access at home in 2020-2024, 111th lowest of 823 US cities of 50,000 or more (US: 6.5%); 7.8% relied on a cellular data plan alone (US: 11.5%).
Source: U.S. Census Bureau · saved copyHow Lakeville compares with other cities in the United States
Median household income (2024 dollars) (2020-2024)
Lakeville ranks 48 of 823, highest first.
| Rank | City | Median household income (2024 dollars) |
|---|---|---|
| 45 | Weston | $139,825 |
| 46 | Folsom | $139,804 |
| 47 | Leander | $139,048 |
| 48 | Lakeville | $139,041 |
| 49 | Collierville | $138,598 |
| 50 | Alameda | $137,697 |
| 51 | Irvine | $136,719 |
Per capita income (2024 dollars) (2020-2024)
Lakeville ranks 140 of 823, highest first.
| Rank | City | Per capita income (2024 dollars) |
|---|---|---|
| 137 | Arcadia | $57,549 |
| 138 | Cedar Park | $57,496 |
| 139 | Camarillo | $57,383 |
| 140 | Lakeville | $57,291 |
| 141 | West Des Moines | $57,275 |
| 142 | Eagan | $57,112 |
| 143 | San Diego | $57,083 |
Gini index of household income inequality (2020-2024)
Lakeville ranks 787 of 823, highest first.
| Rank | City | Gini index of household income inequality |
|---|---|---|
| 784 | Fontana | 0.381 |
| 785 | Ankeny | 0.381 |
| 786 | O'Fallon | 0.380 |
| 787 | Lakeville | 0.379 |
| 788 | Parker | 0.378 |
| 789 | Rowlett | 0.377 |
| 790 | Florissant | 0.377 |
Unemployment rate (share of civilian labor force) (2020-2024)
Lakeville ranks 821 of 823, highest first.
| Rank | City | Unemployment rate (share of civilian labor force) |
|---|---|---|
| 817 | Plymouth | 2.3% |
| 818 | Franklin | 2.2% |
| 819 | Madison | 2.2% |
| 820 | Spring Hill | 2.1% |
| 821 | Lakeville | 2.0% |
| 822 | Ankeny | 1.9% |
| 823 | Dunwoody | 1.9% |
Labor force participation rate (16 and over) (2020-2024)
Lakeville ranks 22 of 823, highest first.
| Rank | City | Labor force participation rate (16 and over) |
|---|---|---|
| 19 | Austin | 75.2% |
| 20 | Fargo | 74.7% |
| 21 | Castle Rock | 74.6% |
| 22 | Lakeville | 74.5% |
| 23 | Denver | 74.4% |
| 24 | Royal Oak | 74.4% |
| 25 | Sandy Springs | 74.2% |
Mean travel time to work (minutes) (2020-2024)
Lakeville ranks 481 of 823, highest first.
| Rank | City | Mean travel time to work (minutes) |
|---|---|---|
| 478 | Bellevue | 23.6 |
| 479 | Clovis | 23.6 |
| 480 | Bakersfield | 23.6 |
| 481 | Lakeville | 23.6 |
| 482 | Cupertino | 23.6 |
| 483 | Richardson | 23.6 |
| 484 | Porterville | 23.5 |
Workers who worked from home (2020-2024)
Lakeville ranks 132 of 823, highest first.
| Rank | City | Workers who worked from home |
|---|---|---|
| 129 | Georgetown | 23.6% |
| 130 | Boca Raton | 23.5% |
| 131 | South Jordan | 23.4% |
| 132 | Lakeville | 23.4% |
| 133 | Lakewood | 23.4% |
| 134 | Durham | 23.3% |
| 135 | Plainfield | 23.3% |
Workers commuting by public transportation (2020-2024)
Lakeville ranks 431 of 823, highest first.
| Rank | City | Workers commuting by public transportation |
|---|---|---|
| 428 | Plymouth | 1.0% |
| 429 | Commerce City | 1.0% |
| 430 | San Luis Obispo | 1.0% |
| 431 | Lakeville | 1.0% |
| 432 | Rancho Cucamonga | 1.0% |
| 433 | Lake Forest | 1.0% |
| 434 | Knoxville | 1.0% |
Employed residents working in manufacturing (2020-2024)
Lakeville ranks 282 of 823, highest first.
| Rank | City | Employed residents working in manufacturing |
|---|---|---|
| 279 | San Clemente | 10.7% |
| 280 | Naperville | 10.7% |
| 281 | Encinitas | 10.6% |
| 282 | Lakeville | 10.6% |
| 283 | Bethlehem | 10.6% |
| 284 | Pinellas Park | 10.6% |
| 285 | Folsom | 10.5% |
Employed residents in education, health care and social assistance (2020-2024)
Lakeville ranks 382 of 823, highest first.
| Rank | City | Employed residents in education, health care and social assistance |
|---|---|---|
| 379 | Boise City | 23.3% |
| 380 | Portsmouth | 23.3% |
| 381 | Davenport | 23.3% |
| 382 | Lakeville | 23.3% |
| 383 | Highland | 23.3% |
| 384 | Colton | 23.3% |
| 385 | Daly City | 23.3% |
Median gross rent per month (2020-2024)
Lakeville ranks 270 of 823, highest first.
| Rank | City | Median gross rent per month |
|---|---|---|
| 267 | Roswell | $1,810 |
| 268 | Gardena | $1,809 |
| 269 | Lakewood | $1,806 |
| 270 | Lakeville | $1,806 |
| 271 | Meridian | $1,805 |
| 272 | Palmdale | $1,802 |
| 273 | Wheaton | $1,799 |
Median value of owner-occupied homes (2020-2024)
Lakeville ranks 326 of 823, highest first.
| Rank | City | Median value of owner-occupied homes |
|---|---|---|
| 323 | Cathedral City | $453,100 |
| 324 | Carson City | $453,000 |
| 325 | Colorado Springs | $452,600 |
| 326 | Lakeville | $452,500 |
| 327 | Woodbury | $450,200 |
| 328 | Downers Grove | $449,800 |
| 329 | Smyrna | $449,500 |
Median home value as a multiple of median household income (2020-2024)
Lakeville ranks 681 of 820, highest first.
| Rank | City | Median home value as a multiple of median household income |
|---|---|---|
| 678 | Burleson | 3.3x |
| 679 | Shawnee | 3.3x |
| 680 | Memphis | 3.3x |
| 681 | Lakeville | 3.3x |
| 682 | Royal Oak | 3.3x |
| 683 | Fort Smith | 3.2x |
| 684 | Wylie | 3.2x |
Occupied homes lived in by their owners (2020-2024)
Lakeville ranks 5 of 823, highest first.
| Rank | City | Occupied homes lived in by their owners |
|---|---|---|
| 2 | Queen Creek | 90.2% |
| 3 | Fulshear | 90.0% |
| 4 | Plainfield | 88.0% |
| 5 | Lakeville | 87.8% |
| 6 | Livonia | 87.2% |
| 7 | Tinley Park | 86.9% |
| 8 | Buckeye | 86.0% |
Households with a broadband subscription (2020-2024)
Lakeville ranks 93 of 823, highest first.
| Rank | City | Households with a broadband subscription |
|---|---|---|
| 90 | Fontana | 96.3% |
| 91 | Rockwall | 96.3% |
| 92 | Coral Springs | 96.3% |
| 93 | Lakeville | 96.2% |
| 94 | Scottsdale | 96.2% |
| 95 | Missouri City | 96.2% |
| 96 | Edmond | 96.2% |
Households with no internet access (2020-2024)
Lakeville ranks 713 of 823, highest first.
| Rank | City | Households with no internet access |
|---|---|---|
| 710 | Noblesville | 2.2% |
| 711 | Minnetonka | 2.2% |
| 712 | Newton | 2.2% |
| 713 | Lakeville | 2.2% |
| 714 | Carlsbad | 2.2% |
| 715 | Mansfield | 2.2% |
| 716 | Thornton | 2.2% |
More on Lakeville: overview · health · education and schools · poverty and living standards · government budget · all cities in the United States
Sources
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B08013: Aggregate Travel Time to Work (in Minutes) of Workers by Sex (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 6939fdfa046fd5bb829ec8da9549e66298cc740f6a3f5dd60e1920a08e3083fb), read 23 October 2026 · saved copy (SHA-256 5f94e7878b6a…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B23025: Employment Status for the Population 16 Years and Over (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 264a5bd9367c5f58d9773fa4966fa94fe1e02f9c7106bc2ab39168d6de7c3e4a), read 23 October 2026 · saved copy (SHA-256 2630e6946370…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19083: Gini Index of Income Inequality (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 338f7a1191eaaf3913913e78c36aaa9d82f2b5c8faaf889be2e597b28869205e), read 23 October 2026 · saved copy (SHA-256 b8cf854b1f94…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table C24030: Sex by Industry for the Civilian Employed Population 16 Years and Over (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 66a2799a71a5fc36f0e3bc22767fe5bdd8f96eb29e85b91311e990d35cc14114), read 23 October 2026 · saved copy (SHA-256 5d717c57e7e4…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19013: Median Household Income in the Past 12 Months (in 2024 Inflation-Adjusted Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 b25a176b0e6c339b6f3a2a0d3d8446bf06f5f080b4395993ec9a8313efb1c229), read 23 October 2026 · saved copy (SHA-256 1d8a264807c6…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B08301: Means of Transportation to Work (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 552b24c135b6e7c566910914a861cda6fc798ba0cd47801b1eb64295a128c2ee), read 23 October 2026 · saved copy (SHA-256 eaf823006d53…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19301: Per Capita Income in the Past 12 Months (in 2024 Inflation-Adjusted Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 9fc107e98fee7fa49bb8314560205569184fad65fb64b80adb5c5bdd83ccc409), read 23 October 2026 · saved copy (SHA-256 24c1e725b26a…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25064: Median Gross Rent (Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 b36e6dc1fcef36b8b307d31b37517b64c80d8b9c70d48c9b1894242860f42eb0), read 23 October 2026 · saved copy (SHA-256 b842a7ff825c…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25077: Median Value (Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 89eb2153764a2330b23959d8bbc29b3a8f3016f087b990f2a8ea0d5096d9a816), read 23 October 2026 · saved copy (SHA-256 22b59a3b1acb…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B28002: Presence and Types of Internet Subscriptions in Household (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 12446ff0691b8818f5908cdc398817361772c5b3078c506d0409adc9c841840b), read 23 October 2026 · saved copy (SHA-256 4b375b368bf9…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25003: Tenure (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 68e963e1ed60fcf6b0658579cefc6498b7a9eb780b9f3e87fd1b9775c4d4ac6c), read 23 October 2026 · saved copy (SHA-256 2983c28f47fa…)
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