Electricity rates in Lakeville, Minnesota
Lakeville, MN ranks 1 of 31 Minnesota cities for the newest homes (median year built 1998). Lakeville, Minnesota has 72,480 residents in 24,959 households; 11.0% heat with electricity.
Lakeville on the map
Dakota County, with Lakeville marked
Housing and heating in Lakeville
Lakeville, MN: 4,120 of 25,576 homes were built before 1980 and 11,587 in 2000 or later. Lakeville, MN has 18,641 detached houses, 1,742 homes in 5+ unit buildings and 824 mobile homes.
Age of homes in Lakeville, MN
% of homes by decade built, Lakeville, MN
- 1pre-40
- 140s
- 250s
- 460s
- 870s
- 1480s
- 2590s
- 2400s
- 1810s
- 420+
Heating fuel in Lakeville, MN
| Lakeville, MN | Value | County | Gap | Rank |
|---|---|---|---|---|
| Lakeville, MN, median year built | 1998 | 1988 | +10 years | 1 of 31 |
| Lakeville, MN, built before 1980 | 16.1% | 35.2% | -19.1 points | 29 of 31 |
| Lakeville, MN, built 2000 or later | 45.3% | 25.5% | +19.8 points | 1 of 31 |
| Lakeville, MN, detached houses | 72.9% | 58.5% | +14.4 points | 3 of 31 |
| Lakeville, MN, apartments in 5+ unit buildings | 6.8% | 19.5% | -12.7 points | 29 of 31 |
| Lakeville, MN, mobile homes | 3.2% | 1.8% | +1.4 points | 4 of 31 |
| Lakeville, MN, renter households | 12.2% | 24.6% | -12.5 points | 29 of 31 |
| Lakeville, MN, median home value | $425,200 | $362,100 | +$63,100 | 6 of 31 |
| Lakeville, MN, median gross rent a month | $1,727 | $1,497 | +$230 | 7 of 31 |
| Lakeville, MN, people per household | 2.90 | 2.56 | +0.34 | 2 of 31 |
Facts about Lakeville
- Residents of Lakeville, MN, ACS 2023
- 72,4809 of 31 Minnesota cities with 30,000+
- Median household income in Lakeville, MN
- $138,1191 of 31 of those cities
- Households in Lakeville, MN
- 24,9592.90 people each
- Owner-occupied homes in Lakeville, MN
- 87.8%21,921 owners and 3,038 renter households
- Housing units in Lakeville, MN
- 25,576617 vacant or seasonal
- Homes heated by electricity in Lakeville, MN
- 11.0%2,742 of 24,959 homes
- Land area of Lakeville, MN
- 36.9 sq mi1,963.4 people per sq mi
- Bill as share of income in Lakeville, MN
- 0.9% to 1.1%at 712 kWh a month over the $138,119 median household income
- Wind and tornado reports within 15 miles of Lakeville, MN
- 122NWS point reports 2015 to 2025, 168.3 per 100,000 residents
- Median year homes were built in Lakeville, MN
- 19984,120 of 25,576 homes (16.1%) before 1980
- Median home value and rent in Lakeville, MN
- $425,200$1,727 gross rent a month, 4.87% of value a year
Cost of living with electricity in Lakeville
Lakeville, MN: 24,959 households at $1,086 a year per home for electricity (Dakota County average, DOE LEAD) come to about $27.1 million, an estimate; all home energy is $2,000 a year per household.
| Group in Lakeville, MN | Households | Power per home | Power bill of the group | Share of Lakeville, MN median income |
|---|---|---|---|---|
| Lakeville, MN, all households | 24,959 | $1,086 | $27.1 million | 0.79% |
| Lakeville, MN, homeowners | 21,921 | $1,252 | $27.4 million | 0.91% |
| Lakeville, MN, renters | 3,038 | $564 | $1.7 million | 0.41% |
Who lives in Lakeville: income, cars, homes
2,379 residents of Lakeville, MN live below the poverty line, and the median age is 36.9. In Lakeville, MN, 1,576 of 2,814 renter households pay 30% or more of income in rent; 7,685 households moved in since 2018 and 4,185 before 2000, so electric accounts turn over at a moderate pace. In Lakeville, MN, 901 households own no vehicle and 19,142 own two or more; home EV charging depends on that. Lakeville, MN homes: 20,942 have 3+ bedrooms, 1,145 none or one, median 7.6 rooms. In Lakeville, MN, 1,940 of 24,959 households earn under $35,000, 3,662 $35,000-$75,000, 8,179 $75,000-$150,000 and 11,178 $150,000 or more. Of 39,357 workers in Lakeville, MN, 8,152 work from home, 26,948 drive alone, 783 ride transit and 290 walk.
Household income in Lakeville, MN
| Lakeville, MN | Value | Rank in Minnesota |
|---|---|---|
| Lakeville, MN, households under $35,000 | 7.8% | 28 of 31 |
| Lakeville, MN, households $150,000 or more | 44.8% | 1 of 31 |
| Lakeville, MN, residents below poverty | 3.3% | 31 of 31 |
| Lakeville, MN, median age | 36.9 | 18 of 31 |
| Lakeville, MN, homes with 3+ bedrooms | 81.9% | 3 of 31 |
| Lakeville, MN, households without a vehicle | 3.6% | 22 of 31 |
| Lakeville, MN, households with 2+ vehicles | 76.7% | 2 of 31 |
| Lakeville, MN, workers at home | 20.7% | 10 of 31 |
| Lakeville, MN, cost-burdened renters | 56.0% | 1 of 31 |
| Lakeville, MN, moved in since 2018 | 30.8% | 22 of 31 |
| Lakeville, MN, moved in before 2000 | 16.8% | 24 of 31 |
Outage risk around Lakeville
Lakeville, MN, NWS reports within 15 miles of the centre, 2015 to 2025: 112 wind and 10 tornado, 168.3 per 100,000 residents of 72,480. Top gust near Lakeville, MN: 61 knots, 70 mph. Damage near Lakeville, MN: $3.1M.
Reports within 15 miles of Lakeville, MN
wind and tornado reports, Lakeville, MN
- 3'15
- 9'16
- 11'17
- 11'18
- 15'19
- 6'20
- 27'21
- 11'22
- 5'23
- 16'24
- 8'25
| Lakeville, MN | Wind | Tornado | Total |
|---|---|---|---|
| Lakeville, MN, 2015 | 3 | 0 | 3 |
| Lakeville, MN, 2016 | 9 | 0 | 9 |
| Lakeville, MN, 2017 | 10 | 1 | 11 |
| Lakeville, MN, 2018 | 11 | 0 | 11 |
| Lakeville, MN, 2019 | 14 | 1 | 15 |
| Lakeville, MN, 2020 | 5 | 1 | 6 |
| Lakeville, MN, 2021 | 23 | 4 | 27 |
| Lakeville, MN, 2022 | 8 | 3 | 11 |
| Lakeville, MN, 2023 | 5 | 0 | 5 |
| Lakeville, MN, 2024 | 16 | 0 | 16 |
| Lakeville, MN, 2025 | 8 | 0 | 8 |
Who supplies Lakeville
Dakota County lists 3 utilities for Lakeville, MN (72,480 residents): homes pay 13.98 to 16.98 cents per kWh, about $100 to $121 a month at 712 kWh, 0.9% to 1.1% of the $138,119 Lakeville median income. Dakota County page.
Analyst note on Lakeville
Household income in Lakeville, MN is $138,119; 21,921 of its 24,959 households own. Lakeville, MN counts 72,480 residents in 24,959 households, on 36.9 square miles. 2,742 of the 24,959 occupied homes in Lakeville, MN heat with electricity.
Lakeville, MN has 25,576 housing units, 617 of them vacant or seasonal. Lakeville, MN ranks 1 of 31 Minnesota cities for median household income ($138,119). Lakeville, MN ranks 1 of 31 Minnesota cities for renters paying 30% or more of income on rent (56.0%).
Lakeville, MN ranks 3 of 31 Minnesota cities for the lowest share of renters (12%).
Bill and heat pump calculator, Lakeville
Compare Lakeville with nearby cities
| City near Lakeville, MN | Distance from Lakeville | Residents | Median income | Median year built | Median home value | Storm reports within 15 miles | Work from home |
|---|---|---|---|---|---|---|---|
| Lakeville, MN (this page) | 0 mi | 72,480 | $138,119 | 1998 | $425,200 | 122 | 20.7% |
| Apple Valley, MN | 5.4 mi northeast | 55,696 (-16,784) | $99,277 (-$38,842) | 1990 (-8 yr) | $354,200 (-$71,000) | 152 (+30) | 19.9% (-0.8 pts) |
| Burnsville, MN | 6.2 mi north | 64,295 (-8,185) | $83,953 (-$54,166) | 1981 (-17 yr) | $335,100 (-$90,100) | 174 (+52) | 15.7% (-5.0 pts) |
| Savage, MN | 8.0 mi northwest | 32,706 (-39,774) | $122,646 (-$15,473) | 1996 (-2 yr) | $395,600 (-$29,600) | 186 (+64) | 19.7% (-1.0 pts) |
| Eagan, MN | 10.6 mi northeast | 68,158 (-4,322) | $107,486 (-$30,633) | 1987 (-11 yr) | $380,800 (-$44,400) | 186 (+64) | 20.5% (-0.2 pts) |
| Bloomington, MN | 11.1 mi north | 88,838 (+16,358) | $90,677 (-$47,442) | 1971 (-27 yr) | $346,200 (-$79,000) | 226 (+104) | 19.6% (-1.1 pts) |
ZIP codes in Lakeville
| ZIP area touching Lakeville, MN | Share of the ZIP's land inside Lakeville | Share of Lakeville's land in the ZIP |
|---|---|---|
| 55044 (Lakeville, MN) | 50.7% | 91.1% |
| 55024 (Lakeville, MN) | 2.1% | 4.9% |
| 55068 (Lakeville, MN) | 3.1% | 4.0% |
Census 2020 ZCTA to place land-area overlap. Look up any ZIP.
Minnesota: home prices since 2001, planned plants.
Questions on Lakeville
Lakeville: what is the electricity rate?
Lakeville, MN has no price of its own; its 72,480 residents are served by one of 3 utilities, and a 712 kWh month costs $100 to $121.
Lakeville: how does it rank among Minnesota cities?
Lakeville, MN: rank 9 of 31 by its 72,480 residents, rank 1 of 31 by $138,119 median income.
Lakeville: how many homes heat with electricity?
Lakeville, MN: 2,742 of 24,959 occupied homes, 11.0%; Dakota County 15.6%.
Lakeville: how much income goes to electricity?
At 712 kWh a month, 0.9% to 1.1% of the $138,119 median income in Lakeville, MN.
Lakeville: damaging storms reported nearby?
122 NWS wind and tornado reports within 15 miles of the centre of Lakeville, MN, 2015 to 2025, 168.3 per 100,000 residents.
How old are the homes in Lakeville?
Lakeville, MN: median home built 1998; 4,120 of 25,576 homes (16.1%) predate 1980, 18,641 are detached and 1,742 sit in buildings of 5+ units.
How many residents of Lakeville, MN live below the poverty line?
2,379 residents.
How many Lakeville, MN renters struggle with rent?
1,576 of 2,814 renter households pay 30% or more of income in rent.
How many Lakeville, MN households have no car?
901 households; 19,142 have two or more.