Lakeville, MN demographics:
population, income, and more

Total population
74,354
2.6% year-over-year change
Median household income
$139,041/yr
0.7% year-over-year change
Housing units
26,315
2.9% year-over-year change

Lakeville population

How many people live in Lakeville

Lakeville is home to 74,354 residents, according to the most recent Census data. Gender-wise, 51.2% of Lakeville locals are male, and 48.8% are female.

Total population
74,354
2.6% year-over-year change
Gender ratio
Male
51.2%
38,045
Female
48.8%
36,309
Value Percent YoY change
Male 38,045 51.2% 2.5%
Female 36,309 48.8% 2.6%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Lakeville is 37, with the population distributed as follows: about 23% are children under 15, then 12.2% are in the 15 to 24 age group. Adults between 25 and 44 make up 27.2% of the population, while another 26.6% fall into the 45 to 64 bracket. Finally, around 10.9% are 65 or older.

Median age
36.8
Age breakdown
Under 15
23%
15 to 24
12.2%
25 to 44
27.2%
45 to 64
26.6%
Over 65
10.9%
Value Percent YoY change
Under 15 17,103 23% 1.4%
15 to 24 9,085 12.2% 5.6%
25 to 44 20,263 27.2% 2.6%
45 to 64 19,804 26.6% 0.2%
Over 65 8,099 10.9% 8.2%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Lakeville, 88.1% of the population are US-born citizens, while 8% have gained naturalized citizenship. At the same time, 4% of residents are non-citizens. As for race, 77.6% of locals are Caucasian, 6.6% are African American and 6.2% have Asian roots. There’s also a share of 5.7% that includes residents with two or more races.

Citizenship
U.S.-born citizens
88.1%
Non-U.S.-born citizens
8%
Non-citizens
4%
Value Percent YoY change
U.S.-born citizens 65,490 88.1% 0.3%
Non-U.S.-born citizens 5,930 8% 22.3%
Non-citizens 2,934 4% 25.9%
Racial breakdown
White
77.6%
Black or African American
6.6%
American Indian and Alaska Native
0.4%
Asian
6.2%
Native Hawaiian and other Pacific Islander
0%
Two or more races
5.7%
Other
3.5%
Value Percent
White 57,679 77.6%
Black or African American 4,915 6.6%
American Indian and Alaska Native 279 0.4%
Asian 4,626 6.2%
Two or more races 4,233 5.7%
Other 2,622 3.5%

Households in Lakeville

A peek inside Lakeville households

Lakeville has 25,685 households, with an average of 3 members in each. Of these, 78.8% are families, while the remaining 21.2% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
25,685
2.9% year-over-year change
Average people per household
3
Non-family households
5,445
Family households
20,240
Value Percent YoY change
Non-family households 5,445 21.2% 5.1%
Family households 20,240 78.8% 2.3%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Lakeville

The housing landscape of Lakeville

Lakeville's housing consists of 26,315 units, with 72.4% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 15.6% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 2.8% of the housing landscape.

Housing units
26,315
2.9% year-over-year change
Housing types
Value Percent
1 unit, detached 19,055 72.4%
1 unit, attached 4,104 15.6%
2 units 86 0.3%
3 or 4 units 416 1.6%
5 to 9 units 374 1.4%
10 to 19 units 99 0.4%
20 to 49 units 260 1%
50 or more units 1,097 4.2%
Mobile home 726 2.8%
Boat, RV, van, etc. 98 0.4%
Homes built since 2020
1,875
71.9% year-over-year change

The age of buildings in Lakeville

In Lakeville, the median construction year is 1999. About 1.3% of homes were built before the 1940s, with another 1.4% going up by 1949. Most development happened in the second half of the 20th century. Then, 23.5% of homes were added from 2000 to 2009, 17.6% between 2010 and 2019, and 7.1% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 348 1.3% 10.1%
Built between 1940 and 1949 377 1.4% 17.8%
Built between 1950 and 1959 374 1.4% -28.9%
Built between 1960 and 1969 920 3.5% -5.3%
Built between 1970 and 1979 1,925 7.3% -3.1%
Built between 1980 and 1989 3,504 13.3% -0.6%
Built between 1990 and 1999 6,159 23.4% -2.9%
Built between 2000 and 2009 6,189 23.5% 2.9%
Built between 2010 and 2019 4,644 17.6% 3.6%
Built in 2020 or later 1,875 7.1% 71.9%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Lakeville occupancy rates

Out of the 25,685 occupied housing units in Lakeville, 87.8% are owner-occupied, while 12.2% are lived in by tenants. Meanwhile, 2.4% of all homes on the local market sit vacant.

Occupied housing units
25,685
2.9% year-over-year change
Occupancy breakdown
Renter occupied
3,142
Owner occupied
22,543
Value Percent YoY
change
Renter occupied 3,142 12.2% 3.4%
Owner occupied 22,543 87.8% 2.8%
Unoccupied housing units
2.4%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Lakeville housing costs

Housing costs in Lakeville come to a median of $2,023 per month, while tenants specifically pay a median gross rent of $1,806.

Median housing costs per month
$2,023/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Lakeville
$1,806/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Lakeville

Lakeville education at a glance

About 20.5% of the population in Lakeville went to high school, while 19.5% pursued college studies. Another 10.9% earned an associate degree and 32.7% hold a bachelor’s. Meanwhile, 14.9% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 843 1.6% 21.5%
High school diploma 10,989 20.5% 5.0%
College diploma 10,453 19.5% 2.4%
Associate degree 5,836 10.9% -3.2%
Bachelor's degree 17,532 32.7% 0.4%
Graduate degree 7,998 14.9% 5.8%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Lakeville

How much people earn in Lakeville

The average annual household income in Lakeville was $163,541 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +1.2% change from the previous year. At the same time, the median income stood at $139,041, reflecting a +0.7% shift over the same period.

Average household income in Lakeville
$163,541/year
1.2% year-over-year change
Median household income in Lakeville
$139,041/year
0.7% year-over-year change

Lakeville income by age

In Lakeville, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $145,647. Those with someone between 45 and 64 in charge, often well established professionally, earn $166,565 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $90,123, while those led by someone over 65, many of whom may be retired, have about $75,193 in earnings. Overall, 97.1% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $90,123 0.3%
25 - 44 $145,647 -1.0%
45 - 64 $166,565 3.6%
Over 65 $75,193 1.7%
Above poverty level
70,706
Below poverty level
2,116
Value Percent YoY
change
Above poverty level 70,706 97.1% 3.1%
Below poverty level 2,116 2.9% -10.3%

Average renter income in Lakeville

To get a better sense of what renters earn on average in Lakeville, their median household income was $48,536 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 44.7%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$48,536
Rent-to-income ratio
44.7%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Lakeville

Workforce and job types in Lakeville

The job market in Lakeville is powered by 40,655 working residents, spread across a range of industries and roles. 85.8% of the working population are employed in professional or administrative positions, while 14.2% are in hands-on or service-based jobs. Also, 8.6% run their own businesses, 68.3% are employed by private companies, and 13.5% work in the public sector.

Workforce demographics

Working population
40,655
2.1% year-over-year change
White collar
34,863
Blue collar
5,792
Value Percent YoY change
White collar 34,863 85.8% 2.4%
Blue collar 5,792 14.2% 0.1%
Employer type
Self employees
8.6%
Private companies
68.3%
Governmental workers
13.5%
Not for profit companies
9.6%
Value Percent YoY change
Self employees 3,508 8.6% 8.5%
Private companies 27,762 68.3% 0.3%
Governmental workers 5,493 13.5% 5.9%
Not for profit companies 3,892 9.6% 4.4%
Unemployment rate
2.0%
-12.5% year-over-year change

Available workforce

The unemployment rate in Lakeville stands at 2%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Lakeville

How people get around in Lakeville

In Lakeville, the average commute time is 24 minutes. Commuting methods vary: 74% of residents travel by personal vehicle and 0.8% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
24 min
Means of transportation
Value Percent YoY change
Car 29,709 74% -0.4%
Taxicab 44 0.1% N/A
Bus or trolleybus 416 1% -44.8%
Motorcycle 13 0% -23.5%
Bicycle 52 0.1% 2.0%
Walk 307 0.8% 5.9%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Lakeville by zipcode?

Zipcode Population Number of households Median income Average income
55044 64,762 22,460 $141,551 $171,606

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FAQs about Lakeville demographics 

What is the total population of Lakeville?

Lakeville has a total population of 74,354 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +2.6% compared to a year ago.

What is the gender ratio in Lakeville?

The gender ratio in Lakeville is as follows:
  • 51.2% males (38,045 residents)
  • 48.8% females (36,309 residents)

What is the median age in Lakeville?

The median age in Lakeville is 36.8.

What is the age distribution of the population in Lakeville?

The age distribution in Lakeville is as follows:
  • Under 15: 23% (17,103 residents)
  • Ages 15-24: 12.2% (9,085 residents)
  • Ages 25-44: 27.2% (20,263 residents)
  • Ages 45-64: 26.6% (19,804 residents)
  • Over 65: 10.9% (8,099 residents)

What is the racial and ethnic makeup of Lakeville?

The racial and ethnic makeup of Lakeville is as follows:
  • White: 77.6% (57,679 residents)
  • Black or African American: 6.6% (4,915 residents)
  • American Indian and Alaska Native: 0.4% (279 residents)
  • Asian: 6.2% (4,626 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 5.7% (4,233 residents)
  • Other: 3.5% (2,622 residents)

What percentage of the population in Lakeville are U.S.-born citizens?

U.S.-born citizens represent 88.1% of the population in Lakeville.

How many housing units are there in Lakeville?

There are 26,315 housing units in Lakeville, reflecting a +2.9% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Lakeville and what is the average household size?

Lakeville has a total of 25,685 households, with an average of 3 people in each.

What is the median household income in Lakeville?

Lakeville has a median household income of $139,041, representing a +0.7% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Lakeville?

The employment rate is 98% in Lakeville, with a workforce of 40,655 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 85.8% (34,863 residents)
  • Blue-collar workers: 14.2% (5,792 residents)

Places of employment:
  • Self-employed: 8.6% (3,508 residents)
  • Private companies: 68.3% (27,762 residents)
  • Governmental workers: 13.5% (5,493 residents)
  • Not-for-profit companies: 9.6% (3,892 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025