Lakeville, MN
Real Estate & Demographic Data

Lakeville profile

Living in Lakeville

Lakeville is a larger medium-sized city located in the state of Minnesota. With a population of 72,812 people and 14 constituent neighborhoods, Lakeville is the 11th largest community in Minnesota.

Lakeville real estate is some of the most expensive in Minnesota, although Lakeville house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Lakeville has more people living here who work in computers and math than 95% of the places in the US.

Telecommuters are a relatively large percentage of the workforce: 14.23% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Lakeville is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Lakeville really has some of the features that families look for when choosing a good community to raise children. Is Lakeville perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

The citizens of Lakeville are among the most well-educated in the nation: 48.73% of adults in Lakeville have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.

The per capita income in Lakeville in 2018 was $48,875, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $195,500 for a family of four.

Lakeville is a somewhat ethnically-diverse city. The people who call Lakeville home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lakeville residents report their race to be White, followed by Asian. Important ancestries of people in Lakeville include German, Norwegian, Irish, English, and Swedish.

The most common language spoken in Lakeville is English. Other important languages spoken here include Spanish and African languages.