Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Lakeville, MN Population, Income & Demographics 2026

CSAMinneapolis-St. Paul MSAMinneapolis-St. Paul-Bloomington#7/210 Population

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

74,354

Median Agei

36.8

Race & Ethnicityi

White

76.2%56,663

Black

6.6%4,901

Asian

6.2%4,626

Hispanic/Latino

6.1%4,555

Two or More

3.8%2,822

Other

0.8%626

American Indian/Alaska Native

0.2%161

Educational Attainment (Age 25+)i

GED/Alternative

1.6%784

High School Diploma

14.6%7,047

Some College (<1 yr)

6.5%3,121

Some College (1+ yr)

11.6%5,581

Associate's Degree

11.6%5,584

Bachelor's Degree

34.1%16,406

Master's Degree

12%5,793

Professional Degree

2.7%1,313

Doctorate

1.8%871

HS or Higher

96.5%

BA or Higher

50.6%

Graduate+

16.6%

Housingi

Median Home Valuei

$452,500

Median Renti

$1,806

Tenure

Owner-Occupied

87.8%22,543

Renter-Occupied

12.2%3,142

Total Units

26,315

Homeownership

87.8%

Vacancy Rate

2.4%

Economyi

Median Household Incomei

$139,041

Mean Household Incomei

$163,541

Per Capita Incomei

$57,291

Poverty Ratei

2.9%

Unemploymenti

Labor Forcei

41,603

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

244

Residentsi

574

Avg. Tenant Renti

$385/mo

Programs in this community

Public Housing8 homes

Government-owned housing managed by local housing authorities

Housing Choice Vouchers6 homes

Rental vouchers (Section 8) that help tenants pay for private-market housing

Project Based Section 825 homes87% occupied$385/mo rent

Privately owned apartments with rent subsidies tied to the building

Household Incomei

Based on area median of $139,041/yr

Extremely low incomeUnder $42K/yr

88%

Very low income$42K–$70K/yr

12%

Who Receives This Housing

80% of subsidized households are headed by a single mother

24% of subsidized households are minority

8% of subsidized households include someone with a disability

96% of subsidized households include a senior (62+)

Social Characteristicsi

Veteransi

3,051(5.7% of civilian adults)