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Lakeville, Minnesota

city · Dakota County

At a glance

74,354
Population
$452,500
Median home value (all homes)
49% above U.S. median
$491,340
Typical market value
Zillow, 2026-07
$1,806/mo
Median rent
34% above U.S. median
$139,041
Median household income
77% above U.S. median
23.6 min
Average commute
96.2%
Homes with broadband
74.39%
Locations with fiber available
2%
Unemployment

Cost of living (Clay Affordability Index)

CAI 119 — 19% above the national average. how it's computed

Housing67% above
Goods & services4% above
Utilities0% above
Taxes12% below
Insurance6% below
Commute cost16% below
For business: Minnesota is CBII band 3/5 · time to build band 4/5. See state page for the breakdown.

Living here

Nearest 4-year college12 mi
Nearest community college10 mi
Nearest technical college11 mi
High school graduates96.5%
College graduates50.6%

Doing business here

Economic development contacts, most local first:

city Lakeville Economic Development
City department providing information and resources for economic development in Lakeville. It offers tools such as an interactive development map, available properties, small business resources, and community demographics.
region Dakota Electric Association
Great River Energy is a not-for-profit electric cooperative owned by its member cooperatives, generating and transmitting electricity for those members in Minnesota. It is member-controlled and serves its member cooperatives with economic development services and other support.
state Arrowhead Regional Development Commission
ARDC is a multi-disciplined planning and development organization serving the seven-county Arrowhead Region in northeast Minnesota. Its mission is to provide local units of government and citizen groups a means to work cooperatively in identifying needs, solving problems, and fostering local leadership to promote economic growth.
state Economic Dev Association of Minnesota
EDAM champions economic development through education, collaboration and advocacy. It is a state-wide association of professionals who specialize in economic development, with members in public, private, and nonprofit sectors who stay informed and connected to current economic development strategies and best practices.
state Minnesota Dept of Empl & Economic Dev
Minnesota's state agency that provides employment services, workforce development, unemployment insurance support, business financing, and economic development programs for residents and businesses.
state Minnesota Power Economic Development
Minnesota Power has the resources, connections and experience to help companies find sites and secure capital for expansion and relocation projects in our service area. It also provides private sector leadership in economic development.
state North Saint Paul Economic Development
The North St. Paul Economic Development Authority (EDA) was established to precipitate future development, increase the tax base, promote employment, and enhance the overall quality of life in North St. Paul; it sets goals, meets regularly, and can provide momentum and a vision for economic development.
State sales taxYes
State income taxYes
Right-to-work stateNo

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