Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
Schools
A high score in the schools category could be the result of elements like top-notch test scores, high education levels and the convenient location of elementary and high schools in this area.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Cost Of Living
Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.
Lakeville, Minnesota is a mid-sized city with a population of 65,710 residents. According to the most recent Census, 86% of Lakeville residents are White, 5% Asian and 3% Black. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Lakeville, your commute times will be about average, with a one way commute time of 27 minutes.
Living in Lakeville can be a fulfilling experience for anyone relocating to the area. Having said that, in the state of Minnesota, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. To help you find the best places to live in and around Lakeville, AreaVibes has created a livability score using key metrics like amenities, crime, housing and more.
With a livability score of 83 out of 100, Lakeville is ranked #708 in the United States and #18 in Minnesota. Pack your bags! This is a very high score in comparison to other US cities. Living in Lakeville could be a great choice! The cherry on top is that Lakeville also ranks in the top 10 percent of all cities. If we examine each of the categories on their own, we see that Lakeville ranks well for crime (A+), education (A+) and housing (A+). Lakeville does not rank well for the following: cost of living (F). It might be a smart idea to take a closer look at each category to find out why.
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Lakeville, it boasts a notably low violent crime rate of 77 crimes per 100,000 residents, which significantly outperforms the national average.
The Lakeville unemployment rate of 1.71% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
Parents and families tend to prioritize school test scores when choosing educational institutions. Test score data can be a critical factor in evaluating and comparing schools. In Lakeville, the average school test scores are an impressive 68%, well above the national average. This achievement reflects the educational system's dedication to providing students with the essential knowledge and tools for success. It ensures that your children will receive the support and resources needed to excel academically and thrive in their educational pursuits.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Lakeville market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Assuming that Lakeville meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Lakeville. Everything else becomes a lot less important if it turns out that home prices in Lakeville are simply unattainable. The median home price for Lakeville homes is $325,400, which is 69.9% higher than the Minnesota average. If we take a closer look at the affordability of homes in Lakeville, we’ll see that the home price to income ratio is 2.9, which is 3.3% lower than the Minnesota average.
| Statistic | Lakeville | Minnesota | National |
| Average one way commute | 27min | 23min | 26min |
| Workers who drive to work | 77.8% | 78.0% | 76.4% |
| Workers who carpool | 7.5% | 8.7% | 9.3% |
| Workers who take public transit | 3.3% | 3.5% | 5.1% |
| Workers who bicycle | 0.1% | 0.8% | 0.6% |
| Workers who walk | 1.0% | 2.8% | 2.8% |
| Working from home | 9.5% | 5.3% | 4.6% |
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