Cost of Living in Lakeville, MN
Overall index: 126 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 122 | +22% | $1,209 |
| Transportation | 97 | -3% | $3.50 |
| Food | 185 | +85% | $759 |
| Utilities | 111 | +11% | $220 |
| Healthcare | 111 | +11% | $159 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Lakeville?
A single adult living comfortably in Lakeville, MN needs approximately $44,100 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Lakeville, MN?
The overall cost of living in Lakeville, MN is 26% higher than the US national average (index: 126 where 100 = national average).
How much is rent in Lakeville, MN?
Average rent for a 1-bedroom apartment in Lakeville, MN is about $1,209/month.
Is Lakeville, MN expensive to live in?
Yes, Lakeville, MN is considered expensive (index above national average).
What salary do I need to live in Lakeville, MN?
A single adult needs roughly $44,100/year to cover basic living costs in Lakeville, MN.