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CITY · 2020 ACS

Lakeville

Minnesota · 69,490 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 $112,020. The city has grown rapidly, with population up 61% since 2000. 49% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value has more than doubled since 2000, reaching $325,400. Poverty is rare here, at 4.1% of residents. Households here earn about 53% more than the Minnesota median.

At a glance
Wealthier
above the US median
US median: $66,278
Younger
median age 36.7
US median: 38.8
More educated
49% hold a bachelor's degree
US average: 33%
Less affordable
home values up 31%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
69,490
+61%since 2000
from 43,128 in 2000
1990 – 2025
Population density
1,882 / sq mi
+61%since 2000
from 1,168 / sq mi in 2000
US average: 280
Median age
36.7
+17%since 2000
from 31.5 in 2000
US average: 38.8
Population, 1990 – 2024
20K35K50K64K79K1990201020202024Lakeville
202474K
1990201020202024
Section 02

Income & economy

Median household income
$112,020
+3%inflation adjusted, since 2000
from $72,404 in 2000
US average: $66,278
1990 – 2024
Per capita income
$45,980
+74%since 2000
from $26,492 in 2000
US average: $35,364
Households earning $100K+
70.3%
+8.4 ptssince 2009
from 61.9% in 2009
US average: 43.9%
Poverty rate
4.1%
+2.1 ptssince 2000
from 2.0% in 2000
US average: 12.8%
Workforce by industry, 2020
Information13.7%
US avg: 11.1%
Other services10.9%
US avg: 6.6%
Retail trade9.7%
US avg: 10%
Public administration9.2%
US avg: 4.7%
Finance & insurance5.5%
US avg: 5.5%
Professional, scientific, technical5.2%
US avg: 4.7%
Wholesale trade4.9%
US avg: 6.7%
Transportation & warehousing3.1%
US avg: 2.5%
Arts, entertainment, food2.9%
US avg: 2%
Education & health services0.3%
US avg: 0.8%
Agriculture, forestry, fishing0.2%
US avg: 1.7%
Construction0.2%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$325,400
+31%inflation adjusted, since 2000
from $165,400 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,464
+21%inflation adjusted, since 2000
from $807 in 2000
US average: $1,124
Owner-occupied
85.9%
−5.9 ptssince 2000
from 91.8% in 2000
14.1% rent
Afford Score
2.9
+27%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)
2020
White, non-Hispanic78.8%(54,763)
Black4.3%(2,978)
Hispanic / Latino5.7%(3,966)
Asian5.8%(4,046)
Other3.9%(2,723)
Diversity Score43.8%(30,411)
Diversity Score
44
+244%since 2000
from 13 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
49.2%
+13.5 ptssince 2000
from 35.7% in 2000
US average: 32.9%
High school or higher
96.9%
+1.3 ptssince 2000
from 95.6% in 2000
US average: 88.5%
Graduate degree
13.9%
+6.4 ptssince 2000
from 7.5% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
26.8 min
+71%since 2000
from 15.6 min in 2000
US average: 26.9
Drive alone to work
77.8%
−5.2 ptssince 2009
from 83.0% in 2009
US average: 75.1%
No vehicle available
3.3%
+1.9 ptssince 2009
from 1.3% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.2%
−2.7 ptssince 2011
from 4.9% in 2011
US average: 5.4%
Labor force participation
77.3%
−2.9 ptssince 2011
from 80.2% in 2011
US average: 63.4%
Management & professional
49.1%
−20.6 ptssince 2009
from 69.7% in 2009
US average: 39.3%
Section 08

People & community

Male
50.1%
+0.2 ptssince 2009
from 49.8% in 2009
Female
49.9%
−0.2 ptssince 2009
from 50.2% in 2009
Foreign born
8.2%
+2.9 ptssince 2009
from 5.4% in 2009
US average: 13.5%
Uninsured
2.2%
−91.9 ptssince 2013
from 94.1% in 2013
US average: 8.8%
Drill deeper

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Head to head

Compare Lakeville to nearby cities

LAKEVILLE VS
Farmington
Income$123,673+10%
Home value$366,200+13%
Population25,425−68%
SEE FULL COMPARISON →
LAKEVILLE VS
Apple Valley
Income$97,673−13%
Home value$370,400+14%
Population55,248−30%
SEE FULL COMPARISON →
LAKEVILLE VS
Burnsville
Income$87,024−22%
Home value$355,200+9%
Population65,244−18%
SEE FULL COMPARISON →
LAKEVILLE VS
Savage
Income$125,513+12%
Home value$432,300+33%
Population32,970−58%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lakeville, Minnesota?

Lakeville, Minnesota has about 69,490 residents according to the 2020 American Community Survey.

What is the median household income in Lakeville, Minnesota?

The typical household in Lakeville, Minnesota earns about $112,020 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 $325,400, and the typical rent is about $1,464 a month.

How educated are people in Lakeville, Minnesota?

About 49.2% 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 4.1% 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 44,636 residents, a change of about 180 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 →