Pros and Cons of Living In Lakeville, Minnesota. Is Lakeville, MN a Nice Place To Live or Retire?

Lakeville, Minnesota

Moving to Lakeville In Minnesota ? Is Lakeville, MN a Nice Place To Live? Pros and Cons of Living in Lakeville, Minnesota. Find out the best and worst about to live, raise a family or retire in Lakeville.

Lakeville is an exurb of Minneapolis-Saint Paul, and the largest city in Dakota County, Minnesota, United States. It is approximately 20 miles (32 km) south of both downtown Minneapolis and downtown St. Paul along Interstate Highway 35. Starting as a flourishing milling center, its agriculture industry and other major industries are still in operation. Lakeville is one of the fastest-growing cities in the Twin Cities area. The population was 69,490 at the 2020 census. making it Minnesota's tenth most populous city.

Lakeville first became notable in 1910 when Marion Savage built the Dan Patch Railroad Line to service his Antlers Amusement Park. While many of Lakeville's workers commute northward to Minneapolis, Saint Paul, and...

DEMOGRAPHICS

Population
65710
Unemployment
2.2%
53% NAT AVG.
Poverty
4.1%
71% NAT AVG.
Cost Of Living
116
16% NAT AVG.

ECONOMICS

Median Home Cost
$325400
42% NAT AVG.
Median Income
$112020
66% NAT AVG.
Median Rent
$1464
26% NAT AVG.
Overall Score
7

CRIME REPORT

Total Crime
609
61% NAT. AVG.
62% STATE AVG.
Violent Crime
45
83% NAT. AVG.
76% STATE AVG.
Property Crime
564
57% NAT. AVG.
61% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 24
Unemployed People
1 in 45
People Earning < $10,000
1 in 42
People Earning < $50,000
17.4%
People With Any Degree
1 in 1.6

ETHNICITY

Ethnicity Lakeville USA
White 83.6% 60.1%
African American 3% 12.2%
American Indian 0.2% 0.6%
Asian 5.3% 5.6%
Hawaiian 0.1% 0.2%
Multiracial 3.4% 2.8%
Hispanic 4.3% 18.2%
Other 0.2% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Lakeville USA
Less than $10,000 2.4% 5.8%
$10,000 to $14,999 1% 4.1%
$15,000 to $24,999 2.3% 8.5%
$25,000 to $34,999 4.6% 8.6%
$35,000 to $49,999 7.1% 12.0%
$50,000 to $74,999 12.2% 17.2%
$75,000 to $99,999 13.3% 12.8%
$100,000 to $149,999 25.4% 15.6%
$150,000 to $199,999 15.4% 7.1%

EDUCATION

Education Lakeville USA
< 9th Grade 1% 5.0%
9-12th Grade 2% 7.0%
High School or GED 15% 27.0%
Other College 18% 20.0%
Associate's Degree 15% 9%
Bachelor's Degree 35% 20.0%
Master's Degree 10% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 2% 1.0%
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. The unemployment rate of Lakeville remained 2.2%, which is 53% lower than national rate.

Cost of living in Lakeville is 116, which is 16% higher than national average. In Lakeville, only 49% of adults have a bachelor's degree and 33% have some college but no degree. 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.
Lakeville Scorecard

Jobs90%

Housing90%

Affordability80%

Safety85%

Amenities85%

Diversity70%

Education90%

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