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Lakeville, MN&

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2.04% growth
Median Age
Median Household Income
3.93% growth
Poverty Rate
Number of Employees
3.85% growth
Median Property Value
5.85% growth

About the photo: Hastings, MN


The economy of Lakeville, MN employs 34,171 people. The economy of Lakeville, MN is specialized in Finance & Insurance; Agriculture, Forestry, Fishing, Hunting; and Transportation & Warehousing, which employ respectively 1.98; 1.57; and 1.32 times more people than what would be expected in a location of this size. The largest industries in Lakeville, MN are Healthcare & Social Assistance (4,351), Retail trade (4,223), and Manufacturing (3,556), and the highest paying industries are Management of Companies & Enterprises ($72,279), Professional, Scientific, Tech Services ($60,324), and Finance & Insurance ($57,413).

Median household income in Lakeville, MN is $98,864. Males in Lakeville, MN have an average income that is 1.21 times higher than the average income of females, which is $65,431. The income inequality of Lakeville, MN (measured using the Gini index) is 0.434 which is lower than the national average.


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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Lakeville, MN. In Dakota County, MN the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 70 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $8,325. Beltrami County, MN has the highest prevalence of homicides of any county in Minnesota.


Clinician to Patient Rates

The closest comparable data for the census place of Lakeville, MN is from the county of Dakota County, MN.

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Lakeville, MN is home to a population of 59,786 people, from which 97.5% are citizens. The ethnic composition of the population of Lakeville, MN is composed of 52,286 White residents (87.5%), 2,830 Asian residents (4.73%), 2,075 Hispanic residents (3.47%), 1,305 Two+ residents (2.18%), and 1,010 Black residents (1.69%). The most common foreign languages in Lakeville, MN are Spanish (1,934 speakers), Vietnamese (388 speakers), and Chinese (304 speakers), but compared to other places, Lakeville, MN has a relative high number of Laotian (154 speakers), Other Slavic (176 speakers), and Gujarati (178 speakers).


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In 2015 universities in Lakeville, MN awarded 67 degrees. The student population of Lakeville, MN is skewed towards females, with 20 male students and 47 female students. Most students in Lakeville, MN are White (54 and 80.6%), followed by Unknown (7 and 10.4%), Hispanic or Latino (3 and 4.48%), and American Indian (2 and 2.99%). The largest universities in Lakeville, MN by number of graduates are Minnesota School of Business-Lakeville (67 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Lakeville, MN are Veterinary Technician & Veterinary Assistant (24 and 35.8%), Medical Assistant (6 and 8.96%), and General Business Administration & Management (5 and 7.46%). The median tuition costs in Lakeville, MN are N/A for private four year colleges, and N/A and N/A respectively, for public four year colleges for in-state students and out-of-state students.



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Housing & Living

The median property value in Lakeville, MN is $260,400, which is 1.27 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $246,000 to $260,400, a 5.85% increase. The homeownership rate of Lakeville, MN is 87.1%, which is higher than the national average of 63.6%. People in Lakeville, MN have an average commute time of 23.9 minutes, and they commute by Drove Alone. Car ownership in Lakeville, MN is approximately the same as the national average, with an average of 2 cars per household.


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Keep Exploring

United States
Dakota County, MN
Minneapolis-St. Paul-Bloomington, MN-WI Metro Area
metropolitan statistical area
Lakeville, Hastings, Rosemount & Farmington Cities PUMA, MN
public use microdata area
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