2025 Compare Cities Economy:
Lakeville, MN vs Raleigh, NC

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Highlights
- Household income in Raleigh, is 39% less than it is in Lakeville and is 5% above the National Average.
- Lakeville unemployment rate is 3.5%.
- Raleigh unemployment rate is 4.3%.
 Lakeville, MNRaleigh, NCUnited States
 Unemployment Rate  Unlock4.3%6.0%
 Recent Job Growth  Unlock3.0%1.6%
 Future Job Growth39.9%  Unlock33.5%
 Sales Taxes7.1%  Unlock6.2%
 Income Taxes  Unlock5.3%4.6%
 Income per Cap.$48,875  Unlock$37,638
 Household Income  Unlock$72,996$69,021
 Family Median Income$135,244  Unlock$85,028
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 Est. Households By Income
 Lakeville, MNRaleigh, NCUnited States
 Income Less Than 15K  Unlock7.4%9.4%
 Income between 15K and 20K1.2%  Unlock3.8%
 Income between 20K and 30K  Unlock7.4%8.1%
 Income between 30K and 40K4.9%  Unlock8.0%
 Income between 40K and 50K  Unlock7.8%7.6%
 Income between 50K and 60K4.3%  Unlock7.2%
 Income between 60K and 75K  Unlock10.0%9.6%
 Income between 75K and 100K11.3%  Unlock12.8%
 Income between 100K and 150K  Unlock17.0%16.3%
 Income between 150K and 200K17.5%  Unlock7.8%
 Income greater than 200K  Unlock10.2%9.5%
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 Population By Occupation
 Lakeville, MNRaleigh, NCUnited States
 Management, business, finance24.0%  Unlock16.4%
 Engineering, computers, science  Unlock10.4%6.5%
 Community, social services1.3%  Unlock1.8%
 Legal  Unlock1.8%1.2%
 Education, library6.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.7%2.0%
 Healthcare practitioners and technology7.8%  Unlock6.2%
 Healthcare support  Unlock2.3%3.3%
 Firefighters, law enforcement1.4%  Unlock2.1%
 Food preparation, serving  Unlock5.1%5.4%
 Building maintenance2.3%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support22.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.1%0.6%
 Construction, extraction, maintenance/repair6.3%  Unlock8.1%
 Production, transportation, material moving  Unlock8.2%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

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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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Reviews for Raleigh    224 Reviews

I moved to Raleigh in 2018. Before that, I lived in Orange County CA, Boulder CO, South Africa, Northern California, Arizona, and Toronto. I say all this to give  More

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Excellent for a great many people or categories of people. As far as prices: ratio of wage and job opportunity here with housing remains one of the better ones in the  More

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Over 2 years ago

I attended university here in the early 90s and came back around 2005 and never left. I'm surprised at the other negative reviews honestly. Yes, housing is pricey in  More

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