Lakeville, Minnesota 

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Minneapolis Gifts

Economy in Lakeville, Minnesota

Lakeville has an unemployment rate of 3.5%. The US average is 6.0%.

Lakeville has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 39.9%, which is higher than the US average of 33.5%.

Tax Rates for Lakeville
- The Sales Tax Rate for Lakeville is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Lakeville is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Lakeville
- The average income of a Lakeville resident is $37,110 a year. The US average is $28,555 a year.
- The Median household income of a Lakeville resident is $94,635 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYLakeville, MinnesotaUnited States
  3.5%6.0%
  -3.7%-6.2%
  39.9%33.5%
  7.1%6.2%
  7.1%4.6%
  $41,448$31,177
  $102,943$57,652
  $114,095$70,850
  POPULATION BY OCCUPATION
  1.4%1.3%
  0.1%0.6%
  4.1%6.2%
  10.7%10.4%
  3.6%2.7%
  11.9%11.6%
  5.7%4.1%
  0.3%0.9%
  2.6%2.1%
  9.0%4.7%
  1.7%1.9%
  7.2%6.7%
  0.2%0.1%
  3.6%4.3%
  8.1%9.3%
  11.8%13.8%
  2.5%2.2%
  6.3%7.4%
  5.3%4.9%
  4.0%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Lakeville    8 Reviews
    Honest Thoughts on Lakeville - 5/13/2019
    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.... Read More

    Start Your Review of Lakeville


    The southern Twin Cities has pros and cons - 6/8/2018
    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... Read More

    Terrible Place to Raise Kids - 7/21/2011
    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... Read More


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    MAPS OF LAKEVILLE, MINNESOTA
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Lakeville,Minnesota Map
    ZIP CODES IN LAKEVILLE, MINNESOTA
    55044


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