Census Bureau data for Lakeville city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Lakeville city
- What is the median household income in Lakeville city?
- The median household income in Lakeville city is $138,119 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Lakeville city?
- The poverty rate in Lakeville city is 2.0% (U.S. Census Bureau ACS 2023).
- What is the median home value in Lakeville city?
- $425,200 (U.S. Census Bureau ACS 2023).
- What is the average rent in Lakeville city?
- The median gross rent in Lakeville city is $1,727 per month (U.S. Census Bureau ACS 2023).
- What percentage of Lakeville city residents have a college degree?
- 50.9% of adults in Lakeville city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
72,480
Median Income
$138,119
Median Home Value
$425,200
Poverty Rate
2.0%
Unemployment (ACS 2023)
2.3%
Median Age
36.0 yrs
Since 2019
Median Income:
+$27,907 (+25.3%)
Home Value:
+$114,100 (+36.7%)
Poverty Rate:
-0.7 pp (-25.9%)
Bachelor's+:
+0.3 pp (+0.6%)
Unemployment:
-0.5 pp (-17.9%)
Demographics
Total Population
72,480
Median Age
36.0
Female
48.8%
Race & Ethnicity
Hispanic or Latino 6.1%
White (non-Hisp.) 79.0%
Black 4.3%
Asian 5.7%
Two or More 6.0%
Other 2.9%
Asian Subgroups (% of total pop.)
Indian
1.6%
Vietnamese
0.9%
Chinese
0.8%
Filipino
0.5%
Korean
0.5%
Japanese
0.1%
Hispanic Subgroups (% of total pop.)
Mexican
4.1%
Puerto Rican
0.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$138,119
±$3,690
+$50,563 vs. state
Per Capita Income
$165,275
Median Family Income
$155,166
Poverty Rate
2.0%
-3.5 pp vs. state
Child Poverty Rate
2.4%
Working-Age Poverty Rate
—
SNAP Recipients
3.8%
Social Security Income
—
Retirement Income
20.5%
Household Income Distribution
< $10k
2.1%
$10–15k
0.5%
$15–25k
2.2%
$25–35k
3.0%
$35–50k
5.3%
$50–75k
9.4%
$75–100k
11.5%
$100–150k
21.2%
$150–200k
18.1%
$200k+
26.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
25,576
Owner-Occupied
87.8%
Renter-Occupied
12.2%
Vacancy Rate
2.4%
Median Home Value
$425,200
+$119,700 vs. state
Median Gross Rent
$1,727
Owner Cost Burden (30%+)
9.7%
Renter Cost Burden (30%+)
41.4%
Home Value Distribution
< $50k
2.6%
$50–100k
1.7%
$100–200k
0.2%
$200–300k
13.1%
$300–500k
46.1%
$500k–$1M
32.1%
$1M+
1.6%
Gross Rent Distribution
< $500
5.1%
$500–1k
11.5%
$1–1.5k
19.2%
$1.5–2k
31.3%
$2–2.5k
20.6%
$2.5–3.5k
5.7%
$3.5k+
6.6%
Vehicle Availability
No vehicle
3.6%
1 vehicle
19.7%
2 vehicles
48.6%
3+
28.1%
Housing Type
Single-fam. det.
72.9%
Single-fam. att.
15.7%
2–4 units
0.3%
5–19 units
1.3%
20+ units
5.2%
Mobile home
2.9%
Housing Age
Pre-1940
1.2%
1940–1969
1.3%
1970–1999
7.8%
2000–2009
23.5%
2010+
17.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
97.1%
Bachelor's or Higher
50.9%
+12.1 pp vs. state
Graduate Degree
16.1%
Some College / Associate
18.0%
Less Than High School
1.4%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
75.3%
Unemployment Rate
2.3%
-1.6 pp vs. state
Work from Home
20.7%
Self-Employed
4.2%
Government Workers
13.0%
Private For-Profit
82.7%
Industry
Edu/Health
23.0%
Retail
12.4%
Prof. Services
12.3%
Finance
11.9%
Manufacturing
10.0%
Arts/Entmt.
6.4%
Construction
5.6%
Transportation
5.3%
Public Admin
3.9%
Wholesale
3.4%
Information
2.5%
Agriculture
0.2%
Occupation
Management
51.6%
Sales
22.7%
Food Prep
11.2%
Production
8.7%
Construction
5.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
24.6 min
Drove Alone
68.5%
Carpool
7.3%
Public Transit
2.0%
Work from Home
20.7%
Walked
0.7%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
24,959
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
67.7%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
33.6%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
7.5%
5–9
8.0%
10–14
7.8%
15–19
6.6%
20–24
5.2%
25–34
11.4%
35–44
15.9%
45–54
14.2%
55–64
6.9%
65–74
6.2%
75–84
6.4%
85+
2.9%
Under 18: 27.7%
Working age (18–64): 72.3%
65 and over: 10.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
8.6%
Naturalized Citizen
62.8%
Speaks English Less Than Very Well
3.7%
Foreign-Born Origin
Asia
40.4%
Latin America
23.7%
Africa
21.9%
Europe
8.9%
Veterans & Disability
Veteran
5.5%
With a Disability
7.5%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
97.7%
Uninsured
2.3%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
95.8%
Has a Computer
97.3%
Same House 1 Year Ago
89.4%
Moved from Abroad
0.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023