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 69,490 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.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Lakeville is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Lakeville is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Lakeville who work in management occupations (13.85%), sales jobs (12.41%), and office and administrative support (10.94%).

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: 9.50% 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.

Lakeville is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Lakeville’s overall crime rate is lower than average for the country.

Lakeville is one of the most well-educated cities in the nation. 49.19% of adults in Lakeville have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.

The per capita income in Lakeville in 2018 was $45,980, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $183,920 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.