2025 Compare Cities Economy:
Lakeville, MN vs Monticello, IL

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Highlights
- Household income in Monticello, is 30% less than it is in Lakeville and is 18% above the National Average.
- Lakeville unemployment rate is 3.5%.
- Monticello unemployment rate is 4.3%.
 Lakeville, MNMonticello, ILUnited States
 Unemployment Rate  Unlock4.3%6.0%
 Recent Job Growth  Unlock1.8%1.6%
 Future Job Growth39.9%  Unlock33.5%
 Sales Taxes7.1%  Unlock6.2%
 Income Taxes  Unlock5.0%4.6%
 Income per Cap.$48,875  Unlock$37,638
 Household Income  Unlock$83,878$69,021
 Family Median Income$135,244  Unlock$85,028
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 Est. Households By Income
 Lakeville, MNMonticello, ILUnited States
 Income Less Than 15K  Unlock6.6%9.4%
 Income between 15K and 20K1.2%  Unlock3.8%
 Income between 20K and 30K  Unlock3.7%8.1%
 Income between 30K and 40K4.9%  Unlock8.0%
 Income between 40K and 50K  Unlock3.8%7.6%
 Income between 50K and 60K4.3%  Unlock7.2%
 Income between 60K and 75K  Unlock7.5%9.6%
 Income between 75K and 100K11.3%  Unlock12.8%
 Income between 100K and 150K  Unlock30.7%16.3%
 Income between 150K and 200K17.5%  Unlock7.8%
 Income greater than 200K  Unlock3.6%9.5%
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 Population By Occupation
 Lakeville, MNMonticello, ILUnited States
 Management, business, finance24.0%  Unlock16.4%
 Engineering, computers, science  Unlock4.0%6.5%
 Community, social services1.3%  Unlock1.8%
 Legal  Unlock0.0%1.2%
 Education, library6.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.0%2.0%
 Healthcare practitioners and technology7.8%  Unlock6.2%
 Healthcare support  Unlock5.8%3.3%
 Firefighters, law enforcement1.4%  Unlock2.1%
 Food preparation, serving  Unlock2.5%5.4%
 Building maintenance2.3%  Unlock3.6%
 Personal care  Unlock2.0%2.6%
 Sales, office, administrative support22.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair6.3%  Unlock8.1%
 Production, transportation, material moving  Unlock15.1%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

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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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