Below Average CostNear National AverageUnion-North United School Corp
Lakeville-indiana-downtown · Derek Jensen (Tysto) / CC BY 2.0Lakeville-indiana-form-above · Wikimedia Commons / Public domainFormer Lakeville High School · Nyttend / Public domain
Lakeville is a small town of 690 in Indiana, with a median household income of $46,500
and a 3.1% unemployment rate.
Its cost of living index is 91 (US average = 100), which is
9% below the national average.
Strengths:
Lakeville stands out for an affordable cost of living, below-average home prices, short average commutes.
Trade-offs:
No major red flags stand out in the available data. Whether Lakeville is right for you depends on your priorities — the full breakdown is below.
All Lakeville city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 91.4
Lakeville's overall cost of living index is 91.4,
where 100 represents the US national average.
Living in Lakeville costs roughly 9% less than the average American city.
Metric
Lakeville, IN
National Avg
Median Home Value
$109,700
$244,900
Median Monthly Rent
$839
$1,163
Homeownership Rate
43.0%
65.9%
Median Household Income
$46,500
$74,755
Crime & Safety
Near National Average
Lakeville's violent crime rate is 456.9 per 100,000 residents
— 20% higher than the national average of ~380 per 100,000.
Violent Crime
456.9 /100k
Property Crime
1590.0 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Lakeville is served primarily by Union-North United School Corp.
The student-to-teacher ratio is 15.3:1
(better than the national average of ~16:1).
Metric
Lakeville, IN
National Avg
School District
Union-North United School Corp
—
Elementary Schools
1
—
Middle Schools
N/A
—
High Schools
2
—
Student/Teacher Ratio
15.3:1
16:1
Bachelor's Degree or Higher
17.3%
35.4%
High School Diploma or Higher
84.7%
91.1%
Weather & Climate
Lakeville sees average highs of 31.4°F in January
and 82.1°F in July,
with 41.9 inches of annual precipitation
and 36.6 inches of snow per year.
Lakeville's cost of living index is 91, where 100 is the national average.
That makes Lakeville roughly 9% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $109,700 and median rent is $839/month.
Lakeville's violent crime rate is 456.9 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1590.0 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Lakeville are operated by Union-North United School Corp.
The district has 1 elementary, several middle, and 2 high schools.
The student-to-teacher ratio is 15.3:1. 17.3% of adults 25+ hold a bachelor's degree or higher.
Lakeville, IN has a population of 690, a median household income of $46,500, and an unemployment rate of 3.1%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Lakeville averages 31.4°F in January and 82.1°F in July. Annual rainfall is 41.9 inches
with about 36.6 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Lakeville, IN is covered by 1 ZIP code: 46536.
The population of Lakeville, Indiana is 690 with a median age of 39.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Lakeville: cost of living index 91 (100 = US average), median home $109,700, median household income $46,500, crime index 102 (100 = US average, lower is safer), schools rated C+. Whether these are benefits or drawbacks depends on where you're coming from — compare Lakeville side by side with your current city to see the trade-offs.
