Lakeville 84 Exceptional
Lakeville Livability #25 ranked city in Minnesota#632 ranked city in the USARanks better than 97% of areas
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Pros and Cons of Living in Lakeville

PROS
  • Crime Crime

    This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.

  • Employment Employment

    This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.

  • Housing Housing

    The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.

  • Health & Safety Health & Safety

    Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.

  • Schools Schools

    A high score in the schools category could be the result of elements like top-notch test scores, high education levels and the convenient location of elementary and high schools in this area.

CONS
  • Commute Commute

    Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.

  • Cost Of Living Cost Of Living

    Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.

What's it like Living in Lakeville?

Lakeville, Minnesota is a medium-sized city with a population of 67,943 people. If we look at the most recent Census, Lakeville is known to have a predominantly White population. The next two most common races are Asian and Black. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Lakeville your home, your one-way commute time will typically last around 27 minutes, a duration that aligns with the national average commute time of 26 minutes.

Living in Lakeville can be a great experience for anyone moving to the city. Having said that, in the state of Minnesota, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. To help you find the best places to live in and around Lakeville, AreaVibes has created a livability score using key metrics like amenities, crime, cost of living, education, employment and more.

Lakeville, MN receives 84/100 for its livability score; this results in a ranking of #18 in Minnesota and #579 in the USA. This is a terrific score, as Lakeville ranks well in multiple categories! The cherry on top is that Lakeville also ranks in the top 10 percent of all cities. If we consider each of the categories individually, we see that Lakeville ranks well for crime (A+) and education (A+). On a less positive note, Lakeville does not have favorable scores for the following: cost of living (F). If we take a look at the data, we can find out why.

Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and can help foster positive community dynamics and social cohesion. Lakeville has a violent crime rate of 76 crimes per 100,000 residents which is far lower than the national average.

Unemployment rates can range pretty dramatically from one city to another. Knowing that Lakeville has an unemployment rate of 1.8% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.

Parents and families tend to prioritize school test scores when choosing educational institutions. Test score data can be a critical factor in evaluating and comparing schools. In Lakeville, the average school test scores are an impressive 68%, well above the national average. This achievement reflects the educational system's dedication to providing students with the essential knowledge and tools for success. It ensures that your children will receive the support and resources needed to excel academically and thrive in their educational pursuits.

A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Lakeville excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.

There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Lakeville is actually affordable. The median home price for Lakeville homes is $589,583, which is 73.9% higher than the Minnesota average. If we take a closer look at the affordability of homes in Lakeville, we’ll see that the home price to income ratio is 3.6, which is 2.7% lower than the Minnesota average.

Best Places to Live in and Around Lakeville

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      Lakeville transportation information

      Statistic Lakeville Minnesota National
      Average one way commute27min23min26min
      Workers who drive to work77.8%78.0%76.4%
      Workers who carpool7.5%8.7%9.3%
      Workers who take public transit3.3%3.5%5.1%
      Workers who bicycle0.1%0.8%0.6%
      Workers who walk1.0%2.8%2.8%
      Working from home9.5%5.3%4.6%
      Source: The Lakeville, MN data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.