2025 Compare Cities Economy:
Fredericksburg, TX vs Lakeville, MN

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Highlights
- Household income in Lakeville, is 119% more than it is in Fredericksburg and is 42% above the National Average.
- Fredericksburg unemployment rate is 4.3%.
- Lakeville unemployment rate is 3.5%.
 Fredericksburg, TXLakeville, MNUnited States
 Unemployment Rate  Unlock3.5%6.0%
 Recent Job Growth  Unlock1.8%1.6%
 Future Job Growth40.4%  Unlock33.5%
 Sales Taxes6.8%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$39,279  Unlock$37,638
 Household Income  Unlock$119,970$69,021
 Family Median Income$80,503  Unlock$85,028
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 Est. Households By Income
 Fredericksburg, TXLakeville, MNUnited States
 Income Less Than 15K  Unlock3.0%9.4%
 Income between 15K and 20K2.2%  Unlock3.8%
 Income between 20K and 30K  Unlock2.4%8.1%
 Income between 30K and 40K12.2%  Unlock8.0%
 Income between 40K and 50K  Unlock3.8%7.6%
 Income between 50K and 60K7.5%  Unlock7.2%
 Income between 60K and 75K  Unlock7.8%9.6%
 Income between 75K and 100K8.6%  Unlock12.8%
 Income between 100K and 150K  Unlock24.6%16.3%
 Income between 150K and 200K6.5%  Unlock7.8%
 Income greater than 200K  Unlock19.1%9.5%
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 Population By Occupation
 Fredericksburg, TXLakeville, MNUnited States
 Management, business, finance10.6%  Unlock16.4%
 Engineering, computers, science  Unlock8.8%6.5%
 Community, social services0.7%  Unlock1.8%
 Legal  Unlock0.5%1.2%
 Education, library5.9%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology5.7%  Unlock6.2%
 Healthcare support  Unlock2.5%3.3%
 Firefighters, law enforcement2.1%  Unlock2.1%
 Food preparation, serving  Unlock3.2%5.4%
 Building maintenance1.4%  Unlock3.6%
 Personal care  Unlock2.0%2.6%
 Sales, office, administrative support24.6%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair12.2%  Unlock8.1%
 Production, transportation, material moving  Unlock9.8%13.1%
Reviews for Fredericksburg    1 Reviews

Over 6 years ago

A great place to visit. The number two best area for Wine. Second to Napa valley. Friendly people and great times. A must  More

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Reviews for Lakeville    8 Reviews

We lived in Lakeville for 3 years (2015-18). My husband and I have traveled all over the country. We've lived in California, Hawaii, Arizona, Colorado and Minnesota.  More

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I’ve grown up in Lakeville for 20 years. I know this area better than the back of my hand. The schools are excellent, especially North HS. The housing is cheap and  More

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I have found Lakeville to have many amenities and its nice its so close to the Twin Cities. HOWEVER, unless have bunches of money in your pocket or are a local you will  More

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