Here's what it costs to live in Lakeville, Minnesota, based on the latest US government data. Renters pay a median of $1,806 per month, while the typical home is valued around $452,500. Households earn a median of $139,041 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
Median Household Income
$139,041
Annual · Census ACS
Median Gross Rent
$1,806
Per month · Census ACS
Median Home Value
$452,500
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
| 🔧Plumber | N/A |
| ⚕️Nurse Practitioner | N/A |
| 🏗️Civil Engineer | N/A |
| 👔Operations Manager | N/A |
| 📈Market Research Analyst | N/A |
| 🏢Health Services Manager | N/A |
| 🚛Truck Driver | N/A |
| 👨⚕️Physician Assistant | N/A |
| 🩺Surgeon | N/A |
| 🧮Data Scientist | N/A |
| 🖥️Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
74,354
Latest estimate
Median Age
36.8 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
Total Neighborhoods
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,597
Per month
Avg Home Value
$444,740
Census ACS
January Avg
16°F
July Avg
74°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Continental · Source: NOAA/NCEI 30-year normals.
Healthcare Score
51.5
fair
Hospitals
22
Doctors per 1,000
1.00
Insurance Coverage
97.3%
What is the cost of living index for Lakeville?
The cost of living index for Lakeville is not yet available in our database.
What is the median rent in Lakeville?
The median gross rent in Lakeville is $1,806 per month according to US Census ACS data.
What is the median household income in Lakeville?
The median household income in Lakeville is $139,041 per year.
What is the median home value in Lakeville?
The median home value in Lakeville is $452,500 based on the latest Census ACS survey.
How is the air quality in Lakeville?
Air quality data for Lakeville is not yet available.
What are the taxes like in Lakeville?
Tax data for Minnesota is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
