Median Household Income
$139,041 ± $6,972
Median Home Value
$452,500 ± $9,126
Median Gross Rent
$1,806 ± $96/mo
Per Capita Income
$57,291
Poverty Rate
2.9%
Unemployment Rate
2.0%
Homeownership Rate
87.8%
Bachelor's Degree or Higher
50.6%
Median Age
36.8
Average Commute
18 min
Households
25,685
Veterans
3,051
Population Over Time
Lakeville grew 28.8% from 2014 to 2024.
2014
57,715
2016
59,786
2018
62,489
2020
65,710
2022
70,696
2024
74,354
Population by Race & Ethnicity
White
77.6%
Hispanic or Latino
6.1%
Black or African American
6.6%
Asian
6.2%
Nearby Cities in Minnesota
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.