Lakeville is a city in Minnesota state in USA with a population of 65710 residents.. The poverty rate of Lakeville is 4.1%, which is 71% lower than national average. The typical household in Lakeville earns $112020 a year, compared to the national median of $67,500. Nearly 17.4% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Lakeville, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Lakeville remained 2.2%, which is 53% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Lakeville, only 49% of adults have a bachelor's degree and 33% have some college but no degree.

Cost of living in Lakeville is 116, which is 16% higher than national average. Median home value in Lakeville is $325400 , which is 42% higher than national average. While median income in Lakeville remained $112020, which is 66% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.