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Cost & Benefits

Cost of living in Lakeville, Minnesota

Lakeville, Minnesota has about 74,354 people. Typical rent is $1,806 a month, including utilities, and a typical household earns $139,041 a year. Both figures are Census 2020–2024 medians, not a listing or your pay. This site does not approve or deny benefits. A missing figure stays blank. We do not guess it.

Ranked #74 in Minnesota on the 2026 Most Affordable Towns Index.

Simple answer

Typical rent is $1,806 a month.

Lakeville is a city in Minnesota. That rent number includes utilities. A typical household earns $139,041 a year.

Is Lakeville affordable?See benefits in Lakeville
People
74,354
Census average, 2020–2024
Typical rent
$1,806
Median gross rent, includes utilities
Typical pay
$139,041
Median household income, yearly
Typical home
$452,500
Median home value
2-bedroom fair rent
$1,734
Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area

Lakeville, Minnesota has about 74,354 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $452,500.

HUD's fair-market rent for a 2-bedroom in Dakota County is $1,734 a month. That is the county number, not an apartment listing in Lakeville. It runs from October 2026 through September 2027.

In the Minneapolis-St. Paul-Bloomington, MN-WI metro area, prices sit at 104.8 when the U.S. average is 100. That is a 2024 BEA index.

Minnesota taxes wages. A typical combined sales tax is 8.1% as of January 1, 2026. That mix is statewide, not Lakeville's exact store tax.

In July 2026, a typical Minnesota home paid 17.45¢ per kilowatt-hour. That is a state average from EIA, not Lakeville's bill.

In 2025, all-grades gas in Minnesota averaged $3.02 a gallon. EIA prints this yearly price for only some states.

Among 338 places we list in Minnesota with a rent figure, 26 have higher typical rent than Lakeville.

Nearby places

EBT nearby

USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.

Find SNAP stores near LakevilleWhat EBT can buy in Minnesota

Locator page updated 2026-09-11. Last checked 2026-10-16.

Food stamps (SNAP) tools in Minnesota

Bigger places in Minnesota

Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.