Smart Movers Club

    Moving to Lakeville, MN

    Is Lakeville a good place to live?

    Watch Lakeville

    Lakeville ranks #1 of 43 Minnesota cities with 25,000+ people on the Smart Movers livability score (89/100), which weighs home affordability, unemployment, education and population growth. Population grew 2.5% in the latest Census year.

    Median home value
    $425,200
    +7.4% vs prior year
    Median rent
    $1,727
    per month
    Household income
    $138,119
    median
    Unemployment
    2.3%
    lower is better

    Cost of living in Lakeville

    The median home value in Lakeville is $425,200 and median rent is $1,727 a month, against a median household income of $138,119. Homes cost about 3.1× a year of income (under 3× is considered affordable).

    Lakeville crime rate

    City-level FBI figures vary by agency; across Minnesota the 2025 rate was 226 violent and 1,429 property crimes per 100,000 people — #31 highest of 50 states. The full report breaks down local trends.

    Moving to Lakeville, MN

    Lakeville has about 72,480 residents, 2.3% unemployment and 35% of adults with a bachelor's degree or higher.

    Compare Lakeville with

    Lakeville vs MinneapolisLakeville vs St. PaulLakeville vs RochesterLakeville vs BloomingtonLakeville vs DuluthLakeville vs Brooklyn ParkLakeville vs PlymouthLakeville vs Woodbury

    More: Where to move in Minnesota · Best counties in Minnesota

    Sources: U.S. Census Bureau ACS 5-year estimates (2023, compared with 2022); FBI Crime Data Explorer.

    Home listings, local news, migration, schools, resources and the Smart Movers Grade & Verdict.

    See the full Smart Movers Club report