What are the schools like in Lakeville, MN?

Lakeville is served primarily by Lakeville Area Schools. The district operates 9 elementary schools, 4 middle schools, and 5 high schools with a student-to-teacher ratio of 16.9:1.

What is the median household income in Lakeville?

The median household income in Lakeville, MN is $129,069 according to the most recent US Census American Community Survey 5-year estimates. The unemployment rate is 2.5%.

What is the weather like in Lakeville, MN?

Lakeville has an average high temperature of 22.9°F in January and 82.0°F in July. Annual precipitation averages 32.3 inches and annual snowfall averages 41.0 inches.

Lakeville, MN Cost of Living, Crime & Is It a Good Place to Live? (2026)

Q: Is Lakeville, MN affordable or expensive?

Lakeville's cost of living index is 104, where 100 represents the national average. This means Lakeville is 4% more expensive than the average US city. The median home value is $395,900 and the median rent is $1,623 per month.

Q: What is the crime rate in Lakeville, MN?

Lakeville has a violent crime rate of 76.5 incidents per 100,000 residents and a property crime rate of 571.2 per 100,000. The national average violent crime rate is approximately 380 per 100,000.

Is Lakeville, MN a Good Place to Live?

Lakeville is a mid-sized city of 70,696 in Minnesota, with a median household income of $129,069 and a 2.5% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Lakeville stands out for lower-than-average crime, solid school ratings (A-), a well-educated population, 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: 104.5

Lakeville's overall cost of living index is 104.5, where 100 represents the US national average. Living in Lakeville costs roughly 4% more than the average American city.

Metric	Lakeville, MN	National Avg
Median Home Value	$395,900	$244,900
Median Monthly Rent	$1,623	$1,163
Homeownership Rate	87.4%	65.9%
Median Household Income	$129,069	$74,755

Crime & Safety

Very Safe

Lakeville's violent crime rate is 76.5 per 100,000 residents — 80% lower than the national average of ~380 per 100,000.

Violent Crime

76.5 /100k

Property Crime

571.2 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Lakeville is served primarily by Lakeville Area Schools. The student-to-teacher ratio is 16.9:1 (slightly above the national average of ~16:1).

Metric	Lakeville, MN	National Avg
School District	Lakeville Area Schools	—
Elementary Schools	9	—
Middle Schools	4	—
High Schools	5	—
Student/Teacher Ratio	16.9:1	16:1
Bachelor's Degree or Higher	50.0%	35.4%
High School Diploma or Higher	96.9%	91.1%

Weather & Climate

Lakeville sees average highs of 22.9°F in January and 82.0°F in July, with 32.3 inches of annual precipitation and 41.0 inches of snow per year.

Metric	Lakeville, MN
Average High — January	22.9°F
Average High — July	82.0°F
Annual Precipitation	32.3"
Annual Snowfall	41.0"

Demographics

Metric	Lakeville, MN	National Avg
Population	70,696	—
Median Age	36.5	38.9
Unemployment Rate	2.5%	3.7%
Avg Commute Time	25.0 min	26 min
White (non-Hispanic)	81.7%	59.3%
Black or African American	4.5%	13.6%
Hispanic or Latino	4.0%	18.9%
Asian	6.0%	6.3%
Under 18	27.5%	22.2%
65 and over	10.0%	16.8%

Nearby Cities

Farmington, MN 4 mi Credit River, MN 5 mi Apple Valley, MN 5 mi Burnsville, MN 6 mi Savage, MN 8 mi

ZIP Codes in Lakeville

Lakeville, MN is covered by 1 ZIP code:

55044

Lakeville vs Other Cities

Lakeville, MN vs Farmington, MN Lakeville, MN vs Credit River, MN Lakeville, MN vs Apple Valley, MN Lakeville, MN vs Burnsville, MN Lakeville, MN vs Savage, MN

Frequently Asked Questions

Is Lakeville, MN affordable or expensive?

Lakeville's cost of living index is 104, where 100 is the national average. That puts Lakeville roughly 4% above the national average in cost. The median home price is $395,900 and median rent is $1,623/month.

What is the crime rate in Lakeville, MN?

Lakeville's violent crime rate is 76.5 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 571.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.

What are the schools like in Lakeville?

Public schools in Lakeville are operated by Lakeville Area Schools. The district has 9 elementary, 4 middle, and 5 high schools. The student-to-teacher ratio is 16.9:1. 50.0% of adults 25+ hold a bachelor's degree or higher.

Is Lakeville, MN a good place to live?

Lakeville, MN has a population of 70,696, a median household income of $129,069, and an unemployment rate of 2.5%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.

What is the weather like in Lakeville?

Lakeville averages 22.9°F in January and 82.0°F in July. Annual rainfall is 32.3 inches with about 41.0 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).

What ZIP codes are in Lakeville?

Lakeville, MN is covered by 1 ZIP code: 55044.

What is the population of Lakeville?

The population of Lakeville, Minnesota is 70,696 with a median age of 36.5. Source: US Census ACS 5-Year Estimates.

What are the pros and cons of living in Lakeville?

Key numbers for living in Lakeville: cost of living index 104 (100 = US average), median home $395,900, median household income $129,069, crime index 23 (100 = US average, lower is safer), schools rated A-. 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.