2025 Compare Cities Economy:
Lakeville, MN vs Iowa City, IA

Change Cities
Highlights
- Household income in Iowa City, is 57% less than it is in Lakeville and is 33% below the National Average.
- Lakeville unemployment rate is 3.5%.
- Iowa City unemployment rate is 3.5%.
 Lakeville, MNIowa City, IAUnited States
 Unemployment Rate  Unlock3.5%6.0%
 Recent Job Growth  Unlock1.2%1.6%
 Future Job Growth39.9%  Unlock33.5%
 Sales Taxes7.1%  Unlock6.2%
 Income Taxes  Unlock7.4%4.6%
 Income per Cap.$48,875  Unlock$37,638
 Household Income  Unlock$51,925$69,021
 Family Median Income$135,244  Unlock$85,028
 space
 Est. Households By Income
 Lakeville, MNIowa City, IAUnited States
 Income Less Than 15K  Unlock16.5%9.4%
 Income between 15K and 20K1.2%  Unlock3.8%
 Income between 20K and 30K  Unlock9.5%8.1%
 Income between 30K and 40K4.9%  Unlock8.0%
 Income between 40K and 50K  Unlock8.1%7.6%
 Income between 50K and 60K4.3%  Unlock7.2%
 Income between 60K and 75K  Unlock8.7%9.6%
 Income between 75K and 100K11.3%  Unlock12.8%
 Income between 100K and 150K  Unlock12.7%16.3%
 Income between 150K and 200K17.5%  Unlock7.8%
 Income greater than 200K  Unlock6.0%9.5%
 space1
 Population By Occupation
 Lakeville, MNIowa City, IAUnited States
 Management, business, finance24.0%  Unlock16.4%
 Engineering, computers, science  Unlock8.0%6.5%
 Community, social services1.3%  Unlock1.8%
 Legal  Unlock1.0%1.2%
 Education, library6.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.6%2.0%
 Healthcare practitioners and technology7.8%  Unlock6.2%
 Healthcare support  Unlock3.3%3.3%
 Firefighters, law enforcement1.4%  Unlock2.1%
 Food preparation, serving  Unlock9.9%5.4%
 Building maintenance2.3%  Unlock3.6%
 Personal care  Unlock3.0%2.6%
 Sales, office, administrative support22.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.5%0.6%
 Construction, extraction, maintenance/repair6.3%  Unlock8.1%
 Production, transportation, material moving  Unlock10.2%13.1%
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

   |    Reply

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

   |    Reply

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

   |    Reply

Start Your Review of Lakeville

Reviews for Iowa City    24 Reviews

Over 5 years ago

I was there 5 years. Nothing to do but we’ll go shopping... at Walmart. It lacks so many things. There is no experience here, it jumps on any political band wagon and  More

   |    Reply

Over 5 years ago

Entertainment lacks greatly - especially the Hancher shows. I was hoping after they rebuilt they would be getting better shows there, that didn't happen. One has to  More

   |    Reply

Over 7 years ago

Iowa City is great. It's diverse and never boring. There always a variety of new shops and restaurants to explore and try out. Also watching college kids do stupid  More

   |    Reply

Start Your Review of Iowa City


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.