The City of Lakeville is a family-oriented community that serves as the southern gateway to the Twin Cities metropolitan area. Encompassing 38-square miles, the community offers a well-balanced atmosphere of planned development and managed growth.

Lakeville combines a peaceful and safe small-town atmosphere with the convenience of easy access to the metropolitan area. Excellent schools, an arts center, and a wide variety of recreational opportunities add to the community spirit and quality of life enjoyed by residents.

With a population of 72,812Lakeville has an active and growing business community, with over 1,400 businesses. Opportunities abound for commercial development to provide goods and services for the growing population. Lakeville provides businesses with easy access to Twin Cities amenities, as well as ideal access to southern Minnesota and points south, including Rochester, La Crosse, Des Moines and Chicago.

An aggregation of demographic information for Lakeville can be found via the link below:

Lakeville demographic information/community profile

  • Population: 72,812*
  • Population change since 2010: 30.1%*
  • Daytime population: approximately 82,000*
  • Median household income: $131,125*
  • Median home value: $428,600^^
  • Median age: 36.8*
  • Unemployment rate in Lakeville: 2.3%**
  • Number of businesses in Lakeville: 1,467^
  • Number of jobs in Lakeville: 20,890^
  • ISD student enrollment: 11,823***

*Source: U.S. Census Bureau
 **Source: MN DEED, Local Area Unemployment Statistics - December 2022

*** Source: Lakeville Area Schools - ISD 194 2022
 ^Source: MN DEED, Quarterly Census of Employment and Wages - Q2 2022
 ^^Source: Dakota County 2022

Top Employers

Business   Type
Independent School District #194   Public school district
Hearthside Food Solutions   Food manufacturing
TreeHouse Private Brands   Food manufacturing
Post Consumer Brands   Headquarters
BTD Manufacturing   Fabricated metal
Schmitty & Sons   School/charter bus service
Buddy's Kitchen   Custom frozen food manufacturer
Menasha Corp.   Corrugated packaging materials
NPL Construction   Construction (utilities)
ImageTrend   Software development
City of Lakeville   Government/public
Uponor   Manufacturer (PEX plumbing products)
Hearth & Home Technologies (HQ), Stellar Hearth, Outdoor GreatRoom Company   Fireplace manufacturer
FedEx Freight   Trucking/delivery
QA1 Precision Products, Inc.   Manufacturer (shock absorbers, driveshafts, etc.)