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CITY

Lakeville

Connecticut · 510 residents · 3.828 sq mi
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The short version

Lakeville is significantly wealthier than the US average, with a median household income of $163,375. Population has fallen 20% since 2023, a loss of 131 residents. 78% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $868,200. With a median age of 57.6, the population is older than the US median of 38.9. It ranks in the top 1% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 57.6
US median: 38.9
More educated
78% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

510
−20%since 2023
from 641 in 2023
2010 – 2024
133 / sq mi
−20%since 2023
from 167 / sq mi in 2023
US average: 281
57.6
+2%since 2023
from 56.3 in 2023
US average: 38.9
Population, 20102024
4466398321K1K201020202024Lakeville
2024510
201020202024
Section 02

Income & economy

$163,375
+67%inflation adjusted, since 2023
from $95,156 in 2023
US average: $82,259
2010 – 2024
$91,188
+32%since 2023
from $69,186 in 2023
US average: $44,673
Households earning $100K+
80.6%
+16.4 ptssince 2023
from 64.2% in 2023
US average: 53.3%
5.3%
−10.2 ptssince 2023
from 15.4% in 2023
US average: 12.5%
0.462
−8%since 2023
from 0.501 in 2023
US average: 0.476
Workforce by industry, 2024
Information15.7%
US avg: 10.8%
Finance & insurance8.3%
US avg: 5.9%
Other services8%
US avg: 6.7%
Public administration8%
US avg: 4.8%
Education & health services5.5%
US avg: 0.9%
Wholesale trade5.2%
US avg: 6.9%
Professional, scientific, technical2.8%
US avg: 5.1%
Retail trade1.4%
US avg: 9.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$868,200
+3%inflation adjusted, since 2023
from $822,200 in 2023
US average: $376,019
2010 – 2024
100.0%
+26.8 ptssince 2023
from 73.2% in 2023
0.0% rent
25.7%
−0.5 ptssince 2023
from 26.1% in 2023
US average: 10.0%
13.3%
−14.3 ptssince 2023
from 27.7% in 2023
US average: 22.9%
5.3
−38%since 2023
from 8.6 in 2023
2010 – 2024
RELATED:See current rent listings in Lakeville on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic99.1%(635)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0.9%(6)
Diversity Score2.3%(15)
2024
White, non-Hispanic95.1%(485)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other4.9%(25)
Diversity Score11.7%(59)
12
+403%since 2023
from 2 in 2023
2010 – 2024
Section 05

Education

77.9%
+3.3 ptssince 2023
from 74.7% in 2023
US average: 35.6%
High school or higher
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 89.6%
49.9%
+9.3 ptssince 2023
from 40.6% in 2023
US average: 14.0%
Section 06

Commute & transportation

14.0 min
−51%since 2023
from 28.6 min in 2023
US average: 26.5
48.1%
−2.9 ptssince 2023
from 51.0% in 2023
US average: 68.9%
0.0%
−4.7 ptssince 2023
from 4.7% in 2023
US average: 8.5%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
45.6%
+1.2 ptssince 2023
from 44.4% in 2023
US average: 15.0%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.3%
Section 07

Work & employment

0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 5.2%
76.9%
+13.4 ptssince 2023
from 63.5% in 2023
US average: 63.5%
21.5%
+7.2 ptssince 2023
from 14.3% in 2023
US average: 13.1%
56.4%
+1.8 ptssince 2023
from 54.5% in 2023
US average: 42.5%
Section 08

People & community

53.5%
+7.0 ptssince 2023
from 46.5% in 2023
46.5%
−7.0 ptssince 2023
from 53.5% in 2023
1.6%
Unchangedsince 2023
from 1.6% in 2023
US average: 14.1%
6.4%
−1.1 ptssince 2023
from 7.4% in 2023
US average: 6.2%
12.4%
−0.9 ptssince 2023
from 13.3% in 2023
US average: 13.3%
3.1%
+0.6 ptssince 2023
from 2.5% in 2023
US average: 8.4%
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 91.0%
99.4%
−0.1 ptssince 2023
from 99.5% in 2023
US average: 77.7%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
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Frequently asked

How many people live in Lakeville, Connecticut?

Lakeville, Connecticut has about 510 residents according to the 2024 American Community Survey.

What is the median household income in Lakeville, Connecticut?

The typical household in Lakeville, Connecticut earns about $163,375 a year. Half of households make more than that, and half make less.

Is Lakeville, Connecticut expensive?

In Lakeville, Connecticut, the median home is worth about $868,200.

How educated are people in Lakeville, Connecticut?

About 77.9% of adults age 25 and over in Lakeville, Connecticut hold a bachelor's degree or higher.

What is the poverty rate in Lakeville, Connecticut?

About 5.3% of people in Lakeville, Connecticut live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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