Lakeville receives the higher standardized Area Score. That reflects AreaProfile's weighting, not a judgment about which place is better to live in.
Signals
Shakopee
Lakeville
Opportunity
59 · Top 44%
vs59 · Top 45%
Growth
67 · Top 22%
vs75 · Top 10%
Climate
54 · Bottom 4%
vs55 · Bottom 5%
Physical resilience
67 · Top 40%
vs82 · Top 20%
Housing affordability
94 · Top 21%
vs97 · Top 14%
Schools
52 · Top 49%
vs79 · Top 16%
Access
94 · Top 42%
vs94 · Top 42%
Economic stability
81 · Top 6%
vs87 · Top 1%
Measured values
| Metric | Shakopee | Lakeville | Source period |
|---|---|---|---|
| Population | 46,012 | 74,354 | 2024 ACS 5-Year |
| Median household income | $107,223 | $139,041 | 2024 ACS 5-Year |
| Per capita income | $47,444 | $57,291 | 2024 ACS 5-Year |
| Population density | 1,560/sq mi | 2,014/sq mi | 2024 ACS 5-Year |
| Median home value | $374,800 | $452,500 | 2024 ACS 5-Year |
| Median gross rent | $1,531 | $1,806 | 2024 ACS 5-Year |
| Homeownership rate | 74.8% | 87.8% | 2024 ACS 5-Year |
| Unemployment rate | 4.1% | 4.2% | June 2026 |
| Employment change (year over year) | -1.8% | -1.9% | June 2026 |
| Bachelor's degree or higher | 40.4% | 50.6% | 2024 ACS 5-Year |
| Poverty rate | 5.9% | 2.9% | 2024 ACS 5-Year |
| Housing units permitted (12 months) | 341 | 795 | 12 months ending July 2026 |
| Permits per 1,000 residents | 7.4 | 10.7 | 12 months ending July 2026 |
| Permit change (year over year) | 3.0% | 47.2% | 12 months ending July 2026 |
| Average July high | 84°F | 83°F | 1991-2020 Normals |
| Average January low | 8°F | 9°F | 1991-2020 Normals |
| Annual precipitation | 30.6" | 31.6" | 1991-2020 Normals |
| Distance to major airport | 15 mi | 14 mi | NASR current cycle |
| Average commute | 24.1 min | 25.3 min | 2024 ACS 5-Year |
| Median age | 36.6 | 36.8 | 2024 ACS 5-Year |
| Public schools | 20 | 18 | 2024-25 school year |
| Students per teacher | 15.72 | 17.32 | 2024-25 school year |
| Math proficiency | 46.7% | 62.8% | 2019-20 school year |
| Reading proficiency | 55.0% | 66.2% | 2019-20 school year |
| Free or reduced-price lunch eligibility | 40.2% | 21.2% | 2024-25 school year |
A bolded value is the more favorable of the two where the metric has a clear direction. Metrics like population and density have no inherent better or worse and are shown unweighted.
Physical risk tradeoff
Shakopee
Elevated or high exposure: strong wind, tornado, hail.
Lakeville
Elevated or high exposure: strong wind, hail, heat wave.
Full profiles: Shakopee, MN · Lakeville, MN · How this is calculated: methodology