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CITY

Lakeville

Minnesota · 79,270 residents (2025 est.) · 36.915 sq mi
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The short version

Lakeville is significantly wealthier than the US average, with a median household income of $139,041. The city has grown rapidly, with population up 72% since 2000. 51% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $452,500. Poverty is rare here, at 2.9% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 36.8
US median: 38.9
More educated
51% hold a bachelor's degree
US average: 36%
Less affordable
home values up 50%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
74,354
+72%since 2000
from 43,128 in 2000
1990 – 2025
Population density
2,014 / sq mi
+39%since 2009
from 1,453 / sq mi in 2009
US average: 281
Median age
36.8
+17%since 2000
from 31.5 in 2000
US average: 38.9

PEP 2025 EST:79,270 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
20K35K50K64K79K1990201020202024Lakeville
202474K
1990201020202024
Age distribution, 2024
Under 57.7%(5,729)
US avg: 5.6%
5 to 97.6%(5,642)
US avg: 6%
10 to 147.7%(5,732)
US avg: 6.4%
15 to 196.9%(5,163)
US avg: 6.6%
20 to 245.3%(3,922)
US avg: 6.5%
25 to 3411.5%(8,584)
US avg: 13.7%
35 to 4415.7%(11,679)
US avg: 13.2%
45 to 5413.6%(10,113)
US avg: 12.2%
55 to 6413%(9,691)
US avg: 12.7%
65 to 746.8%(5,053)
US avg: 10.2%
75 to 843.3%(2,456)
US avg: 5.1%
85 and over0.8%(590)
US avg: 1.9%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02

Income & economy

Median household income
$139,041
+5%inflation adjusted, since 2000
from $72,404 in 2000
US average: $82,259
1990 – 2024
Per capita income
$57,291
+116%since 2000
from $26,492 in 2000
US average: $44,673
Households earning $100K+
77.7%
+15.8 ptssince 2009
from 61.9% in 2009
US average: 53.3%
Poverty rate
2.9%
+0.9 ptssince 2000
from 2.0% in 2000
US average: 12.5%
Income inequality (Gini)
0.379
+8%since 2010
from 0.352 in 2010
US average: 0.476
Workforce by industry, 2024
Information12.1%
US avg: 10.8%
Other services11.5%
US avg: 6.7%
Retail trade10.6%
US avg: 9.9%
Public administration9.4%
US avg: 4.8%
Finance & insurance5.6%
US avg: 5.9%
Wholesale trade5.1%
US avg: 6.9%
Professional, scientific, technical4.8%
US avg: 5.1%
Transportation & warehousing3.7%
US avg: 2.2%
Arts, entertainment, food2.3%
US avg: 1.9%
Education & health services0.8%
US avg: 0.9%
Agriculture, forestry, fishing0.3%
US avg: 1.6%
Construction0.3%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03

Housing

Median home value
$452,500
+50%inflation adjusted, since 2000
from $165,400 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,806
+23%inflation adjusted, since 2000
from $807 in 2000
US average: $1,442
Owner-occupied
87.8%
−4.0 ptssince 2000
from 91.8% in 2000
12.2% rent
Vacancy rate
2.4%
−1.6 ptssince 2009
from 4.0% in 2009
US average: 10.0%
Owner cost-burdened
15.7%
−11.0 ptssince 2009
from 26.7% in 2009
US average: 22.9%
Renter cost-burdened
52.5%
−7.1 ptssince 2009
from 59.5% in 2009
US average: 47.4%
Afford Score
3.3
+5%since 2009
from 3.1 in 2009
2009 – 2024
Our index: median home value divided by median household income. Lower is more affordable.
Gentrification Score
57
Our index, 0 to 100. Higher means faster recent growth in incomes, home values, and college degrees.
RELATED:See current rent listings in Lakeville on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic93.3%(40,226)
Black1.3%(544)
Hispanic / Latino1.9%(835)
Asian2%(865)
Other0%
2024
White, non-Hispanic76.2%(56,663)
Black6.6%(4,901)
Hispanic / Latino6.1%(4,555)
Asian6.2%(4,626)
Other4.9%(3,609)
Diversity Score
51
+125%since 2009
from 22 in 2009
2009 – 2024
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
Section 04 · Origins

Detailed origins & ancestry

Hispanic origin
Mexican3.6%(2,706)
Puerto Rican0.5%(390)
Guatemalan0.3%(240)
Salvadoran0.2%(156)
Venezuelan0.2%(145)
Ecuadorian0.2%(123)
Honduran0.1%(101)
Colombian0.1%(77)
Peruvian0.1%(68)
Spaniard0.1%(62)
+ 4 more hispanic origin groups with data
Chilean0%(37)
Dominican0%(31)
Cuban0%(24)
Asian origin
Asian Indian1.8%(1,336)
Vietnamese0.9%(689)
Filipino0.8%(631)
Cambodian0.6%(422)
Korean0.5%(404)
Chinese0.5%(349)
Hmong0.3%(253)
Laotian0.2%(117)
Japanese0.1%(52)
Taiwanese0%(31)
Malaysian0%(27)
+ 2 more asian origin groups with data
Pakistani0%(23)
Thai0%(13)
Pacific Islander origin
Samoan0%(19)
Ancestry
German28.5%(21,199)
Norwegian13.5%(10,026)
Irish11.5%(8,537)
English8.1%(6,037)
Swedish5.3%(3,964)
Polish3.4%(2,562)
American3.4%(2,491)
Italian3%(2,222)
French1.9%(1,410)
Danish1.4%(1,038)
Czech1.3%(964)
+ 42 more ancestry groups with data
Scottish1.3%(945)
Finnish1.2%(859)
Dutch1.1%(845)
Somali1%(712)
Kenyan0.9%(649)
Russian0.7%(501)
Scotch-Irish0.7%(496)
Ethiopian0.6%(473)
Arab0.6%(411)
Nigerian0.5%(381)
British0.4%(304)
Austrian0.4%(282)
Slovak0.4%(266)
Greek0.3%(222)
Welsh0.3%(204)
Hungarian0.2%(178)
Ukrainian0.2%(164)
Belgian0.2%(163)
Swiss0.2%(163)
Romanian0.2%(159)
Lithuanian0.2%(116)
West Indian0.2%(113)
Egyptian0.1%(93)
Croatian0.1%(76)
Iraqi0.1%(74)
Lebanese0.1%(70)
Slovene0.1%(64)
Guyanese0.1%(63)
Haitian0.1%(61)
Iranian0.1%(60)
Canadian0.1%(50)
Bulgarian0.1%(48)
Jordanian0%(35)
Serbian0%(35)
Brazilian0%(24)
Syrian0%(16)
Ghanaian0%(12)
Turkish0%(10)
Latvian0%(5)
RANKED:Largest German population · Largest Norwegian population · Largest Irish population · Largest English population · Largest Swedish population
Section 05

Education

Bachelor's degree or higher
50.6%
+14.9 ptssince 2000
from 35.7% in 2000
US average: 35.6%
High school or higher
96.5%
+1.0 ptssince 2000
from 95.6% in 2000
US average: 89.6%
Graduate degree
16.6%
+9.1 ptssince 2000
from 7.5% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
23.6 min
+51%since 2000
from 15.6 min in 2000
US average: 26.5
Drive alone to work
66.1%
−16.9 ptssince 2009
from 83.0% in 2009
US average: 68.9%
Carpooled to work
7.9%
−1.0 ptssince 2009
from 8.9% in 2009
US average: 8.5%
Public transit
1.0%
−1.7 ptssince 2009
from 2.7% in 2009
US average: 3.2%
Worked from home
23.4%
+19.3 ptssince 2009
from 4.1% in 2009
US average: 15.0%
Walked to work
0.8%
+0.3 ptssince 2009
from 0.4% in 2009
US average: 2.4%
Biked to work
0.1%
Unchangedsince 2009
from 0.2% in 2009
US average: 0.4%
No vehicle available
3.5%
+2.2 ptssince 2009
from 1.3% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.0%
−2.9 ptssince 2011
from 4.9% in 2011
US average: 5.2%
Labor force participation
74.5%
−5.7 ptssince 2011
from 80.2% in 2011
US average: 63.5%
Self-employed
13.3%
+3.8 ptssince 2009
from 9.4% in 2009
US average: 13.1%
Management & professional
51.7%
−17.9 ptssince 2009
from 69.7% in 2009
US average: 42.5%
Section 08

People & community

Male
51.2%
+1.3 ptssince 2009
from 49.8% in 2009
Female
48.8%
−1.3 ptssince 2009
from 50.2% in 2009
Foreign born
9.9%
+4.6 ptssince 2009
from 5.4% in 2009
US average: 14.1%
Veterans
5.7%
−43.9 ptssince 2009
from 49.6% in 2009
US average: 6.2%
With a disability
7.9%
+2.0 ptssince 2012
from 5.9% in 2012
US average: 13.3%
Uninsured
2.7%
−91.4 ptssince 2013
from 94.1% in 2013
US average: 8.4%
Broadband at home
96.2%
+3.7 ptssince 2017
from 92.5% in 2017
US average: 91.0%
English only at home
86.8%
−4.8 ptssince 2016
from 91.7% in 2016
US average: 77.7%
Spanish at home
4.3%
+0.8 ptssince 2016
from 3.5% in 2016
US average: 13.6%
Marital status
Men 15+
Never married30.3%(8,761)
Married63.4%(18,320)
Widowed1.1%(308)
Divorced5.2%(1,508)
Women 15+
Never married24.2%(6,868)
Married61%(17,297)
Widowed5.2%(1,475)
Divorced9.6%(2,714)
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
Drill deeper

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LAKEVILLE VS
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LAKEVILLE VS
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Frequently asked

How many people live in Lakeville, Minnesota?

Lakeville, Minnesota has about 74,354 residents according to the 2024 American Community Survey.

What is the median household income in Lakeville, Minnesota?

The typical household in Lakeville, Minnesota earns about $139,041 a year. Half of households make more than that, and half make less.

Is Lakeville, Minnesota expensive?

In Lakeville, Minnesota, the median home is worth about $452,500, and the typical rent is about $1,806 a month.

How educated are people in Lakeville, Minnesota?

About 50.6% of adults age 25 and over in Lakeville, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Lakeville, Minnesota?

About 2.9% of people in Lakeville, Minnesota live below the federal poverty line.

Has Lakeville, Minnesota grown since 1990?

Yes, Lakeville, Minnesota has grown since 1990. The population has added about 49,500 residents, a change of about 199 percent over that period.

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

How we source and harmonize this data →