Lakeville is a larger medium-sized city located in the state of Minnesota. With a population of 77,971 people and 14 associated neighborhoods, Lakeville is the 11th largest community in Minnesota. Much of the housing stock in Lakeville was built relatively recently. The construction of new real estate can often be taken as an indication that the local Lakeville economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Lakeville, where the median household income is $139,041.00.

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.

A relatively large number of people in Lakeville telecommute to their jobs. Overall, about 23.39% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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.

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Lakeville. 50.62% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.

The per capita income in Lakeville in 2022 was $57,291, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $229,164 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 Black or African-American. 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.