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CITY · 2010 ACS

Lakeville

Minnesota · 55,954 residents · 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 $91,631. Population has grown 30% since 2000. 42% of adults hold a bachelor's degree or higher, well above the national rate of 28%. Median home value has risen by half since 2000, reaching $275,500. Poverty is rare here, at 3.5% of residents. Households here earn about 60% more than the Minnesota median.

At a glance
Wealthier
above the US median
US median: $52,703
Younger
median age 34.8
US median: 37.2
More educated
42% hold a bachelor's degree
US average: 28%
Less affordable
home values up 32%, inflation adjusted
US median home: $225,659
Section 01

Population & growth

Total population
55,954
+30%since 2000
from 43,128 in 2000
1990 – 2025
Population density
1,516 / sq mi
+30%since 2000
from 1,168 / sq mi in 2000
US average: 261
Median age
34.8
+10%since 2000
from 31.5 in 2000
US average: 37.2
Population, 1990 – 2024
20K35K50K64K79K1990201020202024Lakeville
202474K
1990201020202024
Section 02

Income & economy

Median household income
$91,631
Unchangedinflation adjusted, since 2000
from $72,404 in 2000
US average: $52,703
1990 – 2024
Per capita income
$35,391
+34%since 2000
from $26,492 in 2000
US average: $27,286
Households earning $100K+
61.4%
−0.5 ptssince 2009
from 61.9% in 2009
US average: 33.3%
Poverty rate
3.5%
+1.5 ptssince 2000
from 2.0% in 2000
US average: 13.8%
Income inequality (Gini)
0.352
US average: 0.461
Workforce by industry, 2010
Other services12.7%
US avg: 7%
Retail trade12.4%
US avg: 10.9%
Information11.5%
US avg: 11.5%
Public administration10.1%
US avg: 4.9%
Finance & insurance7.2%
US avg: 5.1%
Professional, scientific, technical6.7%
US avg: 4.2%
Wholesale trade5.8%
US avg: 7.2%
Transportation & warehousing3.4%
US avg: 3.1%
Arts, entertainment, food2.5%
US avg: 2.4%
Education & health services0.5%
US avg: 0.9%
Agriculture, forestry, fishing0.2%
US avg: 1.9%
Construction0.2%
US avg: 1.4%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$275,500
+32%inflation adjusted, since 2000
from $165,400 in 2000
US average: $225,659
1990 – 2024
Median gross rent
$1,100
+8%inflation adjusted, since 2000
from $807 in 2000
US average: $853
Owner-occupied
77.0%
−14.7 ptssince 2000
from 91.8% in 2000
12.3% rent
Vacancy rate
4.0%
Unchangedsince 2009
from 4.0% in 2009
US average: 12.1%
Owner cost-burdened
26.3%
−0.4 ptssince 2009
from 26.7% in 2009
US average: 30.9%
Renter cost-burdened
55.8%
−3.8 ptssince 2009
from 59.5% in 2009
US average: 46.8%
Afford Score
3.0
+32%since 2000
from 2.3 in 2000
1990 – 2024
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%
Diversity Score12.7%(5,494)
2010
White, non-Hispanic87.3%(48,857)
Black2.5%(1,386)
Hispanic / Latino3.5%(1,955)
Asian4%(2,264)
Other1.8%(1,003)
Diversity Score27.5%(15,404)
Diversity Score
28
+116%since 2000
from 13 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
42.4%
+6.7 ptssince 2000
from 35.7% in 2000
US average: 27.9%
High school or higher
96.2%
+0.7 ptssince 2000
from 95.6% in 2000
US average: 84.9%
Graduate degree
11.6%
+4.1 ptssince 2000
from 7.5% in 2000
US average: 10.2%
Section 06

Commute & transportation

Average commute
26.0 min
+67%since 2000
from 15.6 min in 2000
US average: 25.2
Drive alone to work
83.0%
Unchangedsince 2009
from 83.0% in 2009
US average: 76.2%
Carpooled to work
9.1%
+0.2 ptssince 2009
from 8.9% in 2009
US average: 10.4%
Public transit
2.7%
−0.1 ptssince 2009
from 2.7% in 2009
US average: 4.7%
Worked from home
4.1%
+0.1 ptssince 2009
from 4.1% in 2009
US average: 4.1%
Walked to work
0.4%
Unchangedsince 2009
from 0.4% in 2009
US average: 2.8%
Biked to work
0.3%
+0.1 ptssince 2009
from 0.2% in 2009
US average: 0.5%
No vehicle available
1.2%
−0.1 ptssince 2009
from 1.3% in 2009
US average: 8.7%
Section 07

Work & employment

Self-employed
9.6%
+0.2 ptssince 2009
from 9.4% in 2009
US average: 12.9%
Management & professional
44.2%
−25.5 ptssince 2009
from 69.7% in 2009
US average: 35.2%
Section 08

People & community

Male
49.7%
−0.1 ptssince 2009
from 49.8% in 2009
Female
50.3%
+0.1 ptssince 2009
from 50.2% in 2009
Foreign born
6.0%
+0.6 ptssince 2009
from 5.4% in 2009
US average: 12.8%
Veterans
8.8%
−40.8 ptssince 2009
from 49.6% in 2009
US average: 9.9%
Drill deeper

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Head to head

Compare Lakeville to nearby cities

LAKEVILLE VS
Farmington
Income$123,673+35%
Home value$366,200+33%
Population25,425−68%
SEE FULL COMPARISON →
LAKEVILLE VS
Apple Valley
Income$97,673+7%
Home value$370,400+34%
Population55,248−30%
SEE FULL COMPARISON →
LAKEVILLE VS
Burnsville
Income$87,024−5%
Home value$355,200+29%
Population65,244−18%
SEE FULL COMPARISON →
LAKEVILLE VS
Savage
Income$125,513+37%
Home value$432,300+57%
Population32,970−58%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lakeville, Minnesota?

Lakeville, Minnesota has about 55,954 residents according to the 2010 American Community Survey.

What is the median household income in Lakeville, Minnesota?

The typical household in Lakeville, Minnesota earns about $91,631 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 $275,500, and the typical rent is about $1,100 a month.

How educated are people in Lakeville, Minnesota?

About 42.4% 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 3.5% 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 31,100 residents, a change of about 125 percent over that period.

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

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