Lakeville is a larger medium-sized city located in the state of Minnesota. With a population of 74,553 people and 14 associated neighborhoods, Lakeville is the 11th largest community in Minnesota.

Lakeville real estate is some of the most expensive in Minnesota, although Lakeville house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Lakeville has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 17.47% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Lakeville is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Lakeville’s overall crime rate is lower than average for the country.

The citizens of Lakeville are among the most well-educated in the nation: 49.98% of adults in Lakeville have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.

The per capita income in Lakeville in 2022 was $52,634, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $210,536 for a family of four.

Lakeville is a very ethnically-diverse city. The people who call Lakeville home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lakeville residents report their race to be White, followed by Asian. Important ancestries of people in Lakeville include German, Norwegian, Irish, English, and Swedish.

The most common language spoken in Lakeville is English. Other important languages spoken here include Spanish and Vietnamese.