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The total population of Lakeville is estimated to be 70,696 with 36,070 males (51.02%) and 34,626 females (48.98%). There are 1,444 less females than males in Lakeville.
The median household income in Lakeville was $129,677 in 2021, which marked an an increase of 2,743(2.16%) from $126,934 in 2020. This income is 173.82% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
In Lakeville, the median income for all workers aged 15 years and older, regardless of work hours, was $74,433 for males and $45,683 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $93,945 for males and $65,932 for females.
In Lakeville, there are just three different racial groups among households. Among these, White households report a median household income of $131,344, followed by Asian households at $127,753, and Black or African American households with a median household income of $39,952.
In 2022, the population of Lakeville was 74,553, a 2.48% increase year-by-year from 2021. Previously, in 2021, Lakeville's population was 72,751, an increase of 3.90% compared to a population of 70,023 in 2020.
The median age in Lakeville, MN is 36.0, as per 2021 ACS 5-Year Estimates. Of the total population, 24.00% were under the age of 15, 17.29% aged 15 to 29, 49.39% aged 30 to 64, 8.46% aged 65 to 84, and 0.87% were 85 years of age and older.
Racial distribution of Lakeville population: 84.02% are White, 4.17% are Black or African American, 0.27% are American Indian and Alaska Native, 5.14% are Asian, 0.04% are Native Hawaiian and other Pacific Islander, 1.74% are some other race and 4.61% are multiracial.