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2024 Compare Cities Economy:
Lakeville, MN vs Schaumburg, IL

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Highlights
- Household income in Schaumburg, is 29% less than it is in Lakeville and is 19% above the National Average.
- Lakeville unemployment rate is 3.5%.
- Schaumburg unemployment rate is 5.3%.

Economy
 Lakeville, MNSchaumburg, ILUnited States
 Unemployment Rate3.5%5.3%6.0%
 Recent Job Growth1.8%-0.2%1.6%
 Future Job Growth39.9%27.9%33.5%
 Sales Taxes7.1%10.0%6.2%
 Income Taxes7.1%5.0%4.6%
 Income per Cap.$48,875$44,170$37,638
 Household Income$119,970$85,147$69,021
 Family Median Income$135,244$101,084$85,028
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 Est. Households By Income
 Lakeville, MNSchaumburg, ILUnited States
 Income Less Than 15K3.0%5.4%9.4%
 Income between 15K and 20K1.2%2.4%3.8%
 Income between 20K and 30K2.4%5.0%8.1%
 Income between 30K and 40K4.9%5.3%8.0%
 Income between 40K and 50K3.8%7.0%7.6%
 Income between 50K and 60K4.3%6.2%7.2%
 Income between 60K and 75K7.8%11.6%9.6%
 Income between 75K and 100K11.3%16.9%12.8%
 Income between 100K and 150K24.6%20.8%16.3%
 Income between 150K and 200K17.5%10.5%7.8%
 Income greater than 200K19.1%8.9%9.5%
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 Population By Occupation
 Lakeville, MNSchaumburg, ILUnited States
 Management, business, finance24.0%22.2%16.4%
 Engineering, computers, science8.8%12.3%6.5%
 Community, social services1.3%1.6%1.8%
 Legal0.5%1.3%1.2%
 Education, library6.5%5.7%6.2%
 Arts, design, media, sports, entertainment1.5%2.4%2.0%
 Healthcare practitioners and technology7.8%6.5%6.2%
 Healthcare support2.5%2.4%3.3%
 Firefighters, law enforcement1.4%1.3%2.1%
 Food preparation, serving3.2%3.5%5.4%
 Building maintenance2.3%1.3%3.6%
 Personal care2.0%2.2%2.6%
 Sales, office, administrative support22.1%22.0%20.9%
 Farming, fishing, forestry0.1%0.0%0.6%
 Construction, extraction, maintenance/repair6.3%5.0%8.1%
 Production, transportation, material moving9.8%10.5%13.1%

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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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Reviews for Schaumburg    10 Reviews

Nice middle-class community. Excellent schools. Excellent variety in retail establishments. Very good park district with plentiful activities, classes, and three outdoor  More

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Schaumburg, Schaumburg, it's Ok, I guess I don't have much to  More

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At 11% sales tax I believe that Cook County, IL. is the highest in the country. The cost of gasoline is bumped by this as well as the use of smog formulated fuel which  More

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ZIPS IN LAKEVILLE, MINNESOTA
55044
ZIPS IN SCHAUMBURG, ILLINOIS
60194 60173 60195

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