Lakeville has a population of 70,696 with a median age of 36.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 70,696 |
| Median Age | 36.5 |
| White | 81.7% |
| Black or African American | 4.5% |
| Asian | 6.0% |
| Hispanic or Latino | 5.3% |
| Other / Two or More Races | 2.5% |
The median household income in Lakeville is $129,069, which is 71.8% above the national median of $75,149. The per capita income is $52,634. The poverty rate is 3.8%.
The unemployment rate in Lakeville is 2.5%, compared to the national rate of 5.4%.
In Lakeville, 96.9% of residents age 25+ have a high school diploma or higher, and 50.0% hold a bachelor's degree or higher (14.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.9% |
| Bachelor's Degree or Higher | 50.0% |
| Graduate or Professional Degree | 14.6% |
The median home value in Lakeville is $395,900, above the national median of $281,900. The median monthly rent is $1,623. The homeownership rate is 87.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $395,900 |
| Median Monthly Rent | $1,623 |
| Homeownership Rate | 87.4% |
| Vacancy Rate | 2.3% |
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