City profile · Minnesota · Census ACS 2023

Lakeville, MN

Population, income, housing, safety, climate and schools for Lakeville - drawn straight from Census ACS, FBI UCR, NOAA, NCES, HUD and FEMA, refreshed on the 2024–2025 release cycle.

72,480
Residents
$138,119
Median income
$425,200
Median home
$1,709
Median rent (state)

Lakeville - the verdict

Nationally, Lakeville sits in the 92nd percentile for household income and the 79th percentile for safety among US cities with a population of 1,000 or more. Source: Census ACS + FBI UCR.

92nd
percentile, household income
79th
percentile, home value
68th
percentile, median rent
79th
percentile, safety
📝 How we sourced this

Population, income, and housing-cost figures come from the U.S. Census Bureau American Community Survey 5-year estimates (B-series tables). Crime data uses FBI UCR; climate uses NOAA Climate Normals; school counts come from NCES Common Core of Data; permits use the Census Building Permits Survey (BPS). See our methodology page for the full ETL pipeline and OMB / FIPS join keys.

Data Snapshot: Lakeville, MN

72,480 people live in Lakeville, Minnesota - a small city by U.S. Census Bureau ACS 2023 estimates. Median household income here is $138,119 per year, placing it in the top quartile of U.S. cities for household income, with a poverty rate of 2.0%. Lakeville's housing stock carries a median value of $425,200, and the median resident age is 36.9 years. 50.9% of adults here have a bachelor's degree or higher; 73.3% of working-age residents are in the labor force.

In 2024, 523 residential building permits were authorized in Lakeville (Construction Slowdown), down 45% from five years earlier, per Census BPS data. Lakeville reports a comparatively low crime rate: the FBI's Uniform Crime Reporting program logs 647.7 total incidents per 100,000 residents here, below the national average (agency reporting is voluntary, so this measures reporting activity, not a definitive danger score).

Minnesota tracks close to the national cost-of-living baseline: the state registers 98.6 on a 100-equals-national-average index (Near Average) per BEA Regional Price Parities 2024. HUD Fair Market Rent for a typical two-bedroom in this state is $1,709 per month. Statewide, average monthly utility bills in Minnesota run around $225, per EIA 2023 residential energy data. FEMA's National Risk Index rates natural-hazard exposure at 89.5 out of 100 (Very High).

Population

72,480 residents

Census ACS 2023 - Minnesota

Median Household Income

$138,119 /yr

Poverty 2.0%

Cost of Living Index (state)

98.6 (US=100)

Near Average - BEA RPP 2024, Minnesota average

How does Lakeville compare to other US cities?

Here's how Lakeville stacks up against the full field of US cities (population 1,000+), computed live from Census and FBI data.

Household income 92% higher than other cities
Home value 79% pricier than other cities
Median rent 68% pricier than other cities
Safety 79% safer than other cities

"Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.

National percentiles can mask local variation. Looking only at Minnesota, Lakeville ranks #92 of 229 Minnesota cities by lowest crime rate - a narrower, more locally useful cut than the national comparison above.

How we calculate these percentiles & ranks

Each percentile compares Lakeville against every qualifying US city; each in-state rank narrows that to Minnesota only. Full formula and direction notes: methodology.

Minnesota-relative analysis

Median Home Value is Lakeville's strongest outlier among Minnesota cities

Among the 774 Minnesota cities PlainCities tracks with reported median home value data, Lakeville ranks #53 - the 93rd percentile within the state. This is a different, narrower cut than the nationwide percentiles above: it compares Lakeville only against its own state's cities, not the full US field.

Median Household Income
#32 of 775
96th percentile in Minnesota
Median Gross Rent
#1 of 785
77th percentile in Minnesota
Median Home Value
#53 of 774
93rd percentile in Minnesota
Poverty Rate
#610 of 785
22nd percentile in Minnesota
Bachelor's Degree or Higher
#56 of 784
93rd percentile in Minnesota

Ranked by raw value (highest first); a higher rank is not automatically "better" for every measure, see each metric's own context above. This is a comparison within Minnesota only, not a livability score. See the methodology for the source and calculation.

92ndIncome percentile
79thSafety percentile

92nd percentile nationally for median household income · 79th percentile for safety (lower crime rate). Source: Census ACS 2023 / FBI UCR 2023.

Lakeville's profile vs. every US city

Income, affordability, and safety percentile

Lakeville's percentile rank on 3 favorable-direction measures (income, affordability, safety) vs. every tracked US city -- higher on every axis is more favorable. Not a composite quality score, just the arithmetic mean of the axes shown. 3-axis radar comparing 1 series across Income, Affordability, Safety. IncomeAffordabilitySafety 66 Avg. percentile National median
Lakeville's percentile rank on 3 favorable-direction measures (income, affordability, safety) vs. every tracked US city -- higher on every axis is more favorable. Not a composite quality score, just the arithmetic mean of the axes shown.

How Lakeville's home value compares nationally

Median home value vs. every US city (population 1,000+)

$425,200 21st percentile more affordable than 21% of 15,600 US cities

$0–$25,000: 5 US cities (0%). Below this entry. $25,000–$50,000: 54 US cities (0%). Below this entry. $50,000–$75,000: 352 US cities (2%). Below this entry. $75,000–$100,000: 1,086 US cities (7%). Below this entry. $100,000–$125,000: 1,516 US cities (10%). Below this entry. $125,000–$150,000: 1,170 US cities (8%). Below this entry. $150,000–$175,000: 1,278 US cities (8%). Below this entry. $175,000–$200,000: 1,229 US cities (8%). Below this entry. $200,000–$225,000: 1,035 US cities (7%). Below this entry. $225,000–$250,000: 976 US cities (6%). Below this entry. $250,000–$275,000: 754 US cities (5%). Below this entry. $275,000–$300,000: 712 US cities (5%). Below this entry. $300,000–$325,000: 521 US cities (3%). Below this entry. $325,000–$350,000: 526 US cities (3%). Below this entry. $350,000–$375,000: 465 US cities (3%). Below this entry. $375,000–$400,000: 393 US cities (3%). Below this entry. $400,000–$425,000: 317 US cities (2%). Below this entry. $425,000–$450,000: 300 US cities (2%). This entry sits in this band. $450,000–$475,000: 307 US cities (2%). Above this entry. $475,000–$500,000: 250 US cities (2%). Above this entry. $500,000–$525,000: 160 US cities (1%). Above this entry. $525,000–$550,000: 156 US cities (1%). Above this entry. $550,000–$575,000: 172 US cities (1%). Above this entry. $575,000–$600,000: 172 US cities (1%). Above this entry. $600,000–$625,000: 163 US cities (1%). Above this entry. $625,000–$650,000: 167 US cities (1%). Above this entry. $650,000–$675,000: 135 US cities (1%). Above this entry. $675,000–$700,000: 101 US cities (1%). Above this entry. $700,000–$725,000: 95 US cities (1%). Above this entry. $725,000–$750,000: 71 US cities (0%). Above this entry. $750,000–$775,000: 65 US cities (0%). Above this entry. $775,000–$800,000: 70 US cities (0%). Above this entry. $800,000–$825,000: 57 US cities (0%). Above this entry. $825,000–$850,000: 67 US cities (0%). Above this entry. $850,000–$875,000: 60 US cities (0%). Above this entry. $875,000–$900,000: 58 US cities (0%). Above this entry. $900,000–$925,000: 47 US cities (0%). Above this entry. $925,000–$950,000: 37 US cities (0%). Above this entry. $950,000–$975,000: 31 US cities (0%). Above this entry. $975,000–$1,000,000: 470 US cities (3%). Above this entry. $1,000,000–$1,025,000: 0 US cities (0%). Above this entry. Lakeville $0 $1,025,000 every US city, bucketed by value

Each bar is a $25K-wide band; taller bars hold more US cities. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau ACS 5-Year Estimates · 2023

Income distribution context

Household income distribution - Lakeville, MN Lakeville, MN's reported median household income shown against the U.S. national quintile-share pattern (not Lakeville, MN-specific quintile data). The Lorenz curve traces the national cumulative income share against cumulative population share, perfect equality is the diagonal; observed inequality bows below. $ Household Income Distribution Lakeville, MN median $138,119/yr, vs. U.S. national quintile pattern QUINTILE SHARE OF AGGREGATE INCOME Lowest 20% 3.4% Second 20% 9.2% Middle 20% 15.1% Fourth 20% 23.2% Top 20% 49.1% LORENZ CURVE cumulative income vs. population 100% 0% 100% pop. 0%
Lakeville, MN's median household income (Census ACS 5-year estimate) plotted against the U.S. national income-quintile distribution pattern for context; the quintile shares and Lorenz curve are national figures, not computed specifically for Lakeville, MN. Diagonal = perfect equality.

Key socioeconomic indicators

Bachelor's degree or higher (adults 25+) 50.9%

Census ACS S1501, educational attainment

Poverty rate (households below FPL) 2.0%

Census ACS S1701, poverty status

Labor force participation (adults 16+) 73.3%

Census ACS S2301, share of working-age residents in the labor force

Population
72,480
Median Income
$138,119
Median Home Value
$425,200
Median Age
36.9
Poverty Rate
2.0%
Labor force participation
73.3%
Bachelor's Degree+
50.9%

Safety & Crime

Total Crime Rate
647.7
per 100,000 residents
Violent Crime
76.5
per 100,000 residents
Property Crime
571.2
per 100,000 residents

Reflects incidents reported to the FBI's Uniform Crime Reporting program — agency participation is voluntary and reporting completeness varies by jurisdiction and year, so this reflects reporting activity, not a definitive danger score. Not adjusted for tourism, commuter, or daytime population.

Schools

Total Schools
20
Public schools in this city

Population Change

Annual U.S. Census Bureau Population Estimates Program (PEP) estimates, 2020–2025

See the fastest-growing cities →
65,000 residents70,000 residents75,000 residents80,000 residents85,000 residents 202020212022202320242025 70,026 residents 79,270 residents ▲ +13.2%
Lakeville's Census PEP population estimates, 2020–2025.

Housing Supply

Census Bureau Building Permits Survey (BPS) - annual residential permits authorized

📉 Construction Slowdown
Total Permits (2024)
523
housing units authorized
Single-Family
434
detached homes
Multifamily
89
apartments & condos
Supply Intensity
7.2
permits per 1,000 residents

5-Year Permit Trend (2019–2024)

Year Total
2019 955
2020 1,154
2021 1,119
2022 713
2023 712
2024 523

Permit volume decreased 45% from 2019 to 2024.

Commute Patterns

How workers travel to work, Census ACS 2023

Drive Alone
68.5%
Carpool
7.3%
Public Transit
2.0%
Walk
0.7%
Work from Home
20.7%
Other
0.8%

Based on 39,357 workers 16 and over.

Monthly Utility Costs

State-average estimates for Minnesota - EIA 2023 residential energy data

Electricity
$95
avg/month
Natural Gas
$85
avg/month
Water & Sewer
$45
avg/month
Total Utilities
$225
estimated/month

Estimates reflect Minnesota state averages. Actual costs vary by home size, usage, and local rates. Source: U.S. Energy Information Administration (EIA) 2023.

Living Costs & Risk

Cost of living is a Minnesota state average from BEA; rent and hazard risk are county-level figures from HUD and FEMA for the county Lakeville sits in

Cost of Living Index
98.6
Near Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$1,709/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
89.5 / 100
Very High
FEMA NRI composite score (county)

Similar Cities in Minnesota

Blaine
71,261 people
Maple Grove
70,539 people
St. Cloud
69,926 people
Eagan
68,158 people
Woodbury
76,945 people
Plymouth
79,526 people

Cities of a Similar Size Nationwide

Population-matched peers from other states, closest to Lakeville's 72,480 residents (Census ACS 5-Year 2023).

Mount Vernon, NY
72,528 people
Gulfport, MS
72,533 people
Turlock, CA
72,400 people
Rocklin, CA
72,340 people
Glen Burnie, MD
72,772 people
Dale, VA
72,793 people

Cities with a Similar Household Income Nationwide

Median-household-income-matched peers from other states, closest to Lakeville's $138,119 (Census ACS 5-Year 2023, table B19013).

Shoreham, NY
$138,125 median income
Hiddenite, NC
$138,098 median income
Santa Venetia, CA
$138,085 median income
Bowles, CA
$138,167 median income
Castro Valley, CA
$138,069 median income
Park Ridge, IL
$138,059 median income

Race & Ethnicity Composition

Race and ethnicity - Lakeville, MN Race categories sum to one hundred percent per Census methodology. Hispanic or Latino is shown separately as an ethnicity overlay; it cuts across all race categories per OMB Directive 15. Race & Ethnicity Composition Lakeville, MN - Census ACS, OMB race + ethnicity categories RACE, sums to 100% 80.8% ETHNICITY, Hispanic or Latino (any race) 6.1% White 80.8% Black or African American 4.3% Asian 5.7% American Indian 0.3% Native Hawaiian 0.0% Some other race 2.9% Two or more races 6.0% Per OMB Directive 15: Hispanic/Latino ethnicity is reported separately from the race categories.
Race categories sum to 100%. Hispanic or Latino ethnicity is reported separately and cuts across race per Census/OMB methodology.

City-level race and ethnicity, Census ACS 5-year 2023 (tables B02001, B03001), OMB Directive 15 categories.

How Lakeville compares to nearby Minnesota cities

Population + median household income, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).

City Population Median Household Income
Lakeville (this city) 72,480 $138,119
Blaine 71,261 $103,382
Maple Grove 70,539 $129,481
St. Cloud 69,926 $61,112
Census ACS 5-year FIPS MN FBI UCR NCES CCD Census BPS 2024 OMB Bulletin 23-01

What do people ask about Lakeville, MN?

What is the population of Lakeville, MN? +

72,480 people live in Lakeville, MN according to U.S. Census Bureau ACS 2023 estimates.

What is the median household income in Lakeville, MN? +

Median annual household income in Lakeville runs $138,119, based on Census ACS 2023 data.

What is the cost of living in Lakeville? +

BEA does not publish a city-level cost-of-living figure for Lakeville; the closest available measure is the Minnesota state average, a cost of living index of 98.6 (U.S. average = 100), rated "Near Average" based on BEA Regional Price Parities 2024 data. Costs within Minnesota vary by metro area.

Is Lakeville, MN safe? +

Lakeville has a total crime rate of 647.7 per 100,000 residents, which is below the national average. This reflects incidents reported to the FBI UCR program, not a definitive safety score -- agency reporting is voluntary and completeness varies by jurisdiction.

What is the median home value in Lakeville, MN? +

The median home value in Lakeville is $425,200, according to Census ACS 2023 estimates.

Source: U.S. Census Bureau ACS 5-Year 2023, FBI UCR, NCES CCD, Census BPS 2024, Census ACS B08301/B08136, U.S. Energy Information Administration (EIA) 2023, BEA Regional Price Parities 2024, HUD Fair Market Rents 2026, FEMA National Risk Index.

Read our methodology - how this data is sourced, computed, and verified.

Primary sources: Census ACS, FBI UCR, NOAA Climate Normals, NCES.

Citation & verification links Data sourced from the U.S. Census Bureau. See our methodology for details. Retrieved and formatted by PlainCities

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Every figure on PlainCities is rendered directly from Census ACS source data, no number is typed in by an editor. This page draws directly on Census ACS source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.