LakevilleMinnesota

Lakeville Population Demographics

According to US population projections for 2022, the estimated population of Lakeville is 72,805. 29.57% is under 18, while 10.03% is over 65.

A closer look at the age demography reveals that 7.48% of the population was five years old or younger, 29.57% were 18 years or younger and 23.36% were aged 65 years and over. The gender split in the state was nearly even, with 47.86% female and 52.14% male.

Lakeville Housing

According to the US Census, Lakeville has 25,337 housing units. The average owner-occupied housing unit rate in Lakeville was 94.20%. At the same time, the city's median value of owner-occupied homes was $398,700

Lakeville Racial Demographics

In 2020, the US Census estimated that White Alone and Asian Alone constitute 85.78% of Lakeville's population. Residents of the city who were Black Or African American Alone, made up 4.34% of the total population.

Other racial groups include Some Other Race Alone, constituting 2.88% of the city's population and White Black Or African American at 1.11%

How Educated is Lakeville

According to Census estimates, in 2021, 32.2% of Lakeville residents had a bachelor's degree, while 14.2% had a graduate or professional degree.

Overall, 46.40% of residents have a bachelor's degree or higher.

Average Income in Lakeville

The median household income in Lakeville is $131,125. This figure is significantly (approximately 0.00%) less than the state average of $131,125.

Estimates by family type revealed that families earned an average of $137,679 per year, while married-couple families earned an average of $147,064.

A closer examination of the income groups of Lakeville households revealed that the largest income group consisted of households with an annual income between $100,000 and $149,999. Other groups with yearly high household incomes include those between $200,000 (20.3%) and those with incomes exceeding $200,000 (20.3%). 0.6% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family