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Living in
Lakeville.
About
Life in Lakeville
Lakeville offers a stable, family-focused suburban lifestyle with strong economic fundamentals—median household income sits at $138,000 and unemployment is low at 3.1 percent, thanks partly to the massive Airlake Industrial Park that keeps many jobs local rather than forcing long commutes. The downside is that your median home price hovers around $453,000, and rent averages $1,806 monthly, so this isn't an affordable suburb by national standards. The community skews heavily toward married-couple households with kids, which shapes the cultural vibe—excellent schools, tons of recreational facilities including 62 public parks and nature areas, and a median age around 36 that reflects its suburban family demographic.
Lakeville at a Glance
Population, income, housing and more
Median Age
36.8 yrs
Poverty Rate
2.9%
Foreign-Born
9.9%
Broadband Internet
96.2%
of households
Population Growth
+14.1%
recent change · Census Bureau
Median household income
Demographics9.9% foreign-born, most often from Mexico
Who lives in Lakeville: race and ethnicity, ages, households, languages and countries of origin
In Lakeville, the largest foreign-born group is from Mexico (12.1%), and 4.3% of residents speak Spanish at home.
Under 18
27.8%
of residents
65 and Older
10.9%
of residents
Households with Kids
42.7%
anyone under 18
Living Alone
16.4%
of households
Married Couples
66.6%
of households
Avg Household Size
2.89
people
Race & Ethnicity
Hispanic or Latino of any race; other groups are non-Hispanic
Top countries of origin (foreign-born)
Languages Spoken at Home
Cost of Livingrent 41% above MN average
Rent, home values, and income in Lakeville
In Lakeville, rent runs 41% above the MN average, and home values are 37% above the MN average.
Median rent (per month)
Median home value
Rent Burdened
52.5%
spending 30%+ of income on rent
Severely Rent Burdened
32.9%
spending 50%+
Cost of Living Index
104.8
metro area (BEA) · US avg = 100
Median Property Tax
$4,498
per year, owner-occupied homes
Homeowners
87.8%
of occupied homes are owned
Typical Home Built
1999
median year built
Vacant Homes
2.4%
of housing units
Home Value Trend
Latest: $484,669 (September 2026)
Jobs & Economyunemployment 0.8 pts below MN average
Unemployment in Lakeville and typical pay across the metro area
Unemployment in Lakeville is 0.8 percentage points lower than the MN average.
Unemployment rate
City-level rate · BLS annual average
Unemployment Rate — 10 Year Trend
City-level (BLS) · Annual averages
What Lakeville Residents Do for Work · share of employed residents by industry
City residents, wherever they work
Median Salary by Occupation · metro area
Minneapolis-St. Paul-Bloomington, MN-WI metro area
Commute23.6 min avg
How Lakeville residents get to work, and the nearest airports
In Lakeville, most residents drive alone to work (66%), and 64% get there in under 30 minutes.
How People Get to Work
Commute Time Distribution
Nearest airports · with airline service
- 16 mi
Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP)
Major hub17.5M passengers boarded in 2025
Straight-line distance. Size is the FAA’s hub category, based on passenger traffic: regional airports may have only a few flights a day.
Safetyviolent crime 72% below national average
Crime rates for 2025
Violent crime in Lakeville runs 72% below the national average.
Violent Crime Rate
92.4
per 100,000 residents
Below average (329 national, 2025)
Property Crime Rate
524.4
per 100,000 residents
Below average (1,552 national, 2025)
Lakeville Police Department
Natural DisastersHail most common — 17 events in 2025
Natural hazard risk, storms and earthquakes
FEMA National Risk Index
Relatively Moderate
89.5 / 100
Compares expected losses from natural hazards, social vulnerability and community resilience against every US county (higher = more risk).
Dakota County, county-wide · FEMA NRI December 2025
In Dakota County, which includes Lakeville, the most common type is hail, with 17 recorded events in 2025.
Most common events:
Storm events by year
| Year | Events | Top Type | Property Damage |
|---|---|---|---|
| 2025 | 17 | Winter Weather | None reported |
| 2024 | 15 | Thunderstorm Wind | None reported |
| 2023 | 17 | Winter Storm | None reported |
| 2022 | 18 | Hail | $2.1M |
| 2021 | 12 | Thunderstorm Wind | $153,700 |
| 2020 | 16 | Winter Storm | $10,000 |
| 2019 | 20 | Hail | $10,000 |
| 2018 | 15 | Thunderstorm Wind | $25,000 |
Property damage is the National Weather Service's estimate filed with each event. “None reported” means the events were logged with $0 damage; “Not estimated” means no estimate was filed. Storms covering several counties aren't counted here, since NOAA doesn't split their damage by county.
0 earthquakes of magnitude 2.5+ within 100 miles in the past year
Dakota County, county-wide
Air Quality35 median AQI — Good
Days by air quality category (2025)
Air quality in Dakota County, which includes Lakeville, is typically good — 267 good-air days per year.
Median AQI
35
Good Days
267
per year
Moderate Days
88
per year
Unhealthy Days
5
per year
Dakota County, county-wide
Climate80°F summers, 11°F winters
30-year climate averages (1991–2020) — monthly temperatures and precipitation
Lakeville has mild summers (avg high 80°F) and very cold winters (avg low 11°F).
Spring (Mar–May)
55°/36°F
avg high / low
Summer (Jun–Aug)
80°/60°F
avg high / low
Fall (Sep–Nov)
57°/39°F
avg high / low
Winter (Dec–Feb)
26°/11°F
avg high / low
Annual Precipitation
32.3"
Annual Snowfall
41.0"
Hot Days/Year
7
days above 90°F
Freeze Days/Year
150
days below 32°F
Rainy Days/Year
94
Average month
Show month-by-month table ↓Hide table ↑
| Month | High | Low | Precip |
|---|---|---|---|
| Jan | 23°F | 8°F | 1.05" |
| Feb | 28°F | 12°F | 0.81" |
| Mar | 41°F | 24°F | 1.66" |
| Apr | 56°F | 36°F | 2.72" |
| May | 69°F | 48°F | 3.93" |
| Jun | 78°F | 59°F | 4.89" |
| Jul | 82°F | 63°F | 4.24" |
| Aug | 79°F | 60°F | 4.42" |
| Sep | 72°F | 52°F | 3.20" |
| Oct | 58°F | 39°F | 2.75" |
| Nov | 42°F | 27°F | 1.64" |
| Dec | 28°F | 14°F | 1.01" |
Healthcare
Hospitals, ratings, and health insurance in Lakeville
Uninsured
2.7%
of residents
No hospitals inside Lakeville's limits — nearest hospitals · within 15 miles
M Health Fairview Ridges Hospital
Acute Care Hospitals · ER available · 5.2 mi away · Burnsville
St Francis Regional Medical Center
Acute Care Hospitals · ER available · 14 mi away · Shakopee
Northfield Hospital
Acute Care Hospitals · ER available · 14.5 mi away · Northfield
Adult Health · vs. the typical US place
Share of adults. Modeled estimates, not counted cases. “US” = the typical US place.
Medicare-certified hospitals only. Doesn’t include clinics, urgent care, or freestanding ERs.
Education16.2:1 student/teacher ratio
Schools and degree attainment in Lakeville
Lakeville's student/teacher ratio is 16.2:1, close to the national average of 16:1, and 50.6% of adults 25+ hold a bachelor's degree or higher.
Public Schools
23
within city limits
Private Schools
3
within city limits
College Degree Rate
50.6%
adults 25+ with bachelor's or higher
Student/Teacher Ratio
16.2:1
National avg 16:1
Schools located within city limits (2023) — school-level metrics change slowly year to year
Colleges Near Lakeville (within 15 miles)
Public · 2-year · 7,044 students · in-state tuition $6,567 · 26% graduate · median earnings $55,051 (10 yrs after entry)
Public · 2-year · 2,193 students · in-state tuition $6,583 · 28% graduate · median earnings $56,727 (10 yrs after entry)
Dakota County Technical College
9.5 mi awayPublic · 2-year · 2,168 students · in-state tuition $6,909 · 52% graduate · median earnings $56,812 (10 yrs after entry)
Northwestern Health Sciences University
12.4 mi awayPrivate nonprofit · 2-year · 271 students · in-state tuition $11,535 · 50% graduate · median earnings $51,002 (10 yrs after entry)
Degree-granting colleges with 100+ students, placed by campus location (main campuses only — branch campuses are reported under their parent school)
Parks & Recreationclosest: Mississippi National River & Recreation Area, 20 mi
Nearby national parks, recreation areas and public libraries for Lakeville
Lakeville has 2 nearby national parks or recreation areas, closest being Mississippi National River & Recreation Area (20 mi away).
Nearby National Parks & Recreation Areas
Mississippi National River & Recreation Area
National River & Recreation Area
20 mi awaySaint Croix National Scenic Riverway
National Scenic Riverway
83 mi awayPublic Libraries in Lakeville
Lakeville: Heritage Library
20085 Heritage Drive, Lakeville
Cities Near Lakeville
The closest cities within 60 miles
Planning a move to Lakeville?
Read our full moving guide — what it's really like to live here.
Lakeville FAQ
Is Lakeville, Minnesota affordable?⌄
Lakeville's median rent is $1,806/month, which is above the national average. The median household income is $139,041/year. Median home value is $452,500.
Is Lakeville, Minnesota safe?⌄
Lakeville's violent crime rate was 92 per 100,000 residents in 2025, which is well below the national average — one of the safer cities in the country of 329/100k that year. Property crime rate is 524 per 100,000. As with any city, crime rates vary by neighborhood.
What is the job market like in Lakeville, Minnesota?⌄
Lakeville has an unemployment rate of 3.1%, which is solid, slightly below the national average of 4.3%.
What is the cost of living in Lakeville, Minnesota?⌄
The cost of living in Lakeville is primarily driven by housing. Median rent is $1,806/month and median household income is $139,041/year. The median home value is $452,500. About 53% of renters spend more than 30% of their income on housing.
How is the commute in Lakeville, Minnesota?⌄
The average commute in Lakeville is 24 minutes, which is about average compared to the national average of 26 minutes.
Data from the US Census Bureau, BLS, FBI, NOAA, EPA, Zillow Research and other public sources. Where our data comes from