Lakeville, Minnesota Demographics
Population trends, housing costs, income, commuting, and health, all on one page.
Lakeville, MN Population Density Map and Area Scores
Area Score
Health, income and education, each graded from F to A+. Explore interactive maps for deeper analysis.
-
A+
Health Top grade
-
A+
Income Top grade
-
A+
Education Top grade
Source: Map AI Methodology
Population
| Metric | Lakeville | Minnesota Avg | U.S. Average |
|---|---|---|---|
| Population | 74,391 | 5,724,000 | 337,468,954 |
| Population density (per sq mi) | 1923.6 | 65.8 | 86.4 |
| Population growth (%/yr) | 2.77% | 0.64% | 0.59% |
| Median age | 38.1 | 37.1 | 37.3 |
| Households | 25,698 | 2,299,361 | 130,235,071 |
Population in Lakeville grew by 38.3% from 2009 to 2024, reaching 74,391 in 2024.
Population Growth 2009–2024
Race & Ethnicity
Age & Sex
The largest generation in Lakeville is Millennials, aged 29–44, at 24.2% of residents. That is 2.4 points above Minnesota as a whole.
- Gen Z 13–28 14,410 19.4% -1.9 pts
- Millennials 29–44 18,015 24.2% +2.4 pts
- Gen X 45–60 16,855 22.7% +3.0 pts
- Boomers 61–79 7,961 10.7% -5.8 pts
Residents by birth cohort, from the 2025 age distribution. The right-hand figure is how far each cohort's share sits above or below Minnesota, in percentage points. Children younger than Gen Z and the generations before the Boomers are counted in the population but not shown here, so these shares do not add up to 100%.
Male and female share
Women are 49.1% of the people living in Lakeville and men 50.9%.
- Women 49.1% Minnesota 50.0%
- Men 50.9% Minnesota 50.0%
How many residents match a customer profile?
Residents matching this profile
100% of everyone living in Lakeville
Pick an age range and a women/men split and the figure above answers with how many residents that profile reaches.
Economy
Lakeville has a the economy index of A+, which means it is exceptionally prosperous.
| Metric | Lakeville | Minnesota Avg | U.S. Average |
|---|---|---|---|
| Median household income | $138,357 | $89,852 | $80,455 |
| Income growth (%/yr) | 4.28% | 4.43% | 4.80% |
| Unemployment rate | 2.0% | 4.1% | 5.2% |
The median household income in Lakeville is about 54% higher than in Minnesota.
Housing
| Metric | Lakeville | Minnesota Avg | U.S. Average |
|---|---|---|---|
| Median home price | $527,116 | $236,718 | $248,835 |
| Median rent | $1,805 | $1,280 | $1,407 |
| Homeownership rate | 87.8% | 72.2% | 65.2% |
The median home price in Lakeville is about 24.3 years' worth of rent — buying at the median price costs roughly as much as paying the median rent of $1,805 per month for that long.
Commute Time & Mobility
Commuters in Lakeville spend about 45 minutes on the road round trip each working day. Over a typical 250-day work year, that adds up to roughly 189 hours, about 7.9 full days, spent commuting.
| Metric | Lakeville | Minnesota Avg | U.S. Average |
|---|---|---|---|
| One-way commute (min) | 22.7 | 20.3 | 22.4 |
| Round-trip commute (min) | 45.4 | 40.6 | 44.8 |
| Yearly time spent (hours) | 189 | 169 | 187 |
| Estimated yearly cost | $5,863 | $5,249 | $5,790 |
| Work from home | 23.4% | 17.6% | 15.0% |
| Highway traffic (vehicles/day) | 11,781 | 7,066 | 8,813 |
| Local road traffic (vehicles/day) | 3,161 | 854 | 1,355 |
The average commute time in Lakeville is 23 minutes, longer than the 20 minutes in Minnesota.
Estimated yearly cost applies a single national wage rule of thumb (U.S. Bureau of Labor Statistics average hourly earnings), not a measurement of wages in this area. Traffic volume figures come from proprietary Ticon and TrafficZoom data.
Education & Households
Lakeville has a education index of A+, which means it is exceptionally educated.
| Metric | Lakeville | Minnesota Avg | U.S. Average |
|---|---|---|---|
| Bachelor's degree or higher | 46.4% | 35.5% | 31.6% |
| Average household size | 2.89 | 2.43 | 2.53 |
Health
Lakeville has a health index of A+, which means it is exceptionally healthy.
| Metric | Lakeville | Minnesota Avg | U.S. Average |
|---|---|---|---|
| Life expectancy (years) | 80.7 | 80.8 | 78.3 |
| Self-rated poor health | 7.4% | 13.0% | 16.3% |
| Smokers | 13.1% | 18.5% | 19.0% |
Lakeville, MN Compared With Nearby Cities
Lakeville, MN is the largest of the 4 cities compared here, 74,391 residents against a local median of 55,585. The measure that sets Lakeville, MN apart most is median home price: $527,116, 101% above the local median of $262,492.
Median household income tells the same story from another angle: $138,357 against a local median of $98,234, 41% above it. The one measure here that carries a verdict is median household income, and at 41% above the local median it puts Lakeville, MN at the better end of the local range. The cities themselves spread $288,142 on median home price, so Lakeville, MN sits at one end of an already wide local range rather than apart from it. Lakeville, MN has the highest median home price of the 4 areas compared here.
| Area | Population | Median household income | Median home price | Commute |
|---|---|---|---|---|
| Lakeville, MN | 74,391 | $138,357 #1/4 | $527,116 #1/4 | 22.7 min #3/4 |
| Apple Valley, MN | 55,585 | $98,234 | $6,799 | 22.2 min |
| Burnsville, MN | 64,463 | $86,818 | $294,941 | 21.6 min |
| Savage, MN | 32,874 | $126,034 | $262,492 | 23.5 min |
Frequently Asked Questions
Common questions about Lakeville, Minnesota.
How big is Lakeville, Minnesota by population?
About 74,391 people live in Lakeville, Minnesota, in 25,698 households of 2.9 people on average. The median age is 38.1, close to the U.S. median of 37.3.
Is Lakeville, Minnesota mostly urban or rural?
Averaged over its land area, Lakeville, Minnesota has 1,924 people per square mile, a density typical of urban and suburban areas. That is about 22 times the U.S. average of 86.
Is Lakeville, Minnesota an affordable place to live?
The median home costs 3.8 times the median household income ($527,116 against $138,357), compared with 3.1 times nationally. A ratio of about 3 is traditionally considered affordable. Median rent of $1,805 a month takes about 16% of the median household's income, below the 30% level at which HUD considers renters cost-burdened.
How strong is the job market in Lakeville, Minnesota?
Unemployment in Lakeville, Minnesota is only 2.0%, well below the U.S. rate of 5.2%, a sign of a tight labor market where employers compete for workers.
How common is a college degree in Lakeville, Minnesota?
46.4% of adults in Lakeville, Minnesota hold a bachelor's degree or higher (about 1 in 2), well above the U.S. share of 31.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →