Lakeville city, MN

ZIP 55044 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Lakeville city, MN (55044)

Median Income

$140,612

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+4,492

Wealth inflow

Population

63,280

Unemployment

2.5%

1.2pp below US avg

IRS migration statistics show a net inflow of about 4,492 for ZIP 55044 (Lakeville city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

2.5%-32% vs US avg

Self-Employed

3.0%-52% vs US avg

SNAP Benefits

3.4%-71% vs US avg

1,560

Establishments

20,619

Employees

~13 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.3%
Construction5.8%
Manufacturing9.5%
Wholesale trade3.4%
Retail trade11.8%
Transportation, utilities5.1%
Information2.8%
Finance, insurance, real estate11.4%
Professional, scientific, management13.1%
Education, health care, social24.3%
Arts, entertainment, food services5.8%
Other services2.7%
Public administration3.8%

Household Income

Historical Trends in 55044 (2020–Present)

Since 2020, population grew 13.6%, median income rose 4.6% (inflation-adjusted), home values increased 10.9%.

Median Income

$140,612

+87% vs US avg

Unemployment Rate