Lakeville, MN Census Data
Key demographic and economic indicators for Lakeville, Minnesota from the 2023 American Community Survey (ACS) 5-year estimates.
Updated: 2026-03-23 · Source: U.S. Census Bureau, ACS 2023
Population
72,480
51.2% male · 48.8% female
Median Age
36.9
1.8 below the national average (38.7 yrs)
Median Household Income
$138,119
59,581.0 above the national average ($78,538)
Bachelor's Degree or Higher
50.9%
15.9 above the national average (35.0%)
HS diploma or higher: 97.1%
Poverty Rate
3.3%
9.1 below the national average (12.4%)
Uninsured: 2.3%
Broadband Access
97.3%
7.6 above the national average (89.7%)
Median Home Value
$425,200
Median rent: $1,727 · 88% owner-occupied
Unemployment Rate
2.3%
Labor force participation: 73.3%
Demographics
Race & Ethnicity
Age Distribution
Commute to Work
Lakeville, MN Frequently Asked Questions
What is the population of Lakeville, MN?
The population of Lakeville, MN is 72,480 according to the 2023 American Community Survey 5-year estimates. The median age is 36.9 years.
What is the median household income in Lakeville?
The median household income in Lakeville, MN is $138,119, above the national average of $78,538. Per capita income is $66,342.
What is the poverty rate in Lakeville?
The poverty rate in Lakeville, MN is 3.3%, compared to the national average of 12.4%. About 2.3% of residents lack health insurance.
What percentage of Lakeville residents have a college degree?
50.9% of adults (25+) in Lakeville hold a bachelor's degree or higher, and 97.1% have at least a high school diploma. The national average for bachelor's degree holders is 35.0%.
What is the median home value in Lakeville?
The median home value in Lakeville, MN is $425,200. Median rent is $1,727 per month, with 88% of housing units owner-occupied.
What is the racial makeup of Lakeville?
Lakeville's population is 80.8% White, 4.3% Black, 6.1% Hispanic or Latino, and 5.7% Asian (source: 2023 ACS).