ocity
💰 COL Index: 105 — Near Avg Cost

Salaries in Lakeville, MN

Modeled occupation planning estimates with gross-pay and cost-context formulas.

Model generated 2026-02-26 · Methodology reviewed July 16, 2026 · 40 selected occupations

Selected-Role Model Average
$55,116
unweighted modeled medians; not a worker average
Purchasing-Power Model
$52,743
model average ÷ 104.5 × 100
Highest Modeled Role
Software Developer
$128,978
City 1BR Rent Reference
$1,201
monthly context; not a current quote

What does the salary model mean for Lakeville?

$55,116 is the unweighted arithmetic average of the modeled medians for these 40 selected occupations. It is not an official mean or median for all local workers.

Model average$55,116/year
Gross monthly equivalent$4,593/month
Household income context$147,992

Keep the measures separate: gross monthly salary is before taxes and deductions; household income can include multiple earners; the selected-role model average is not weighted by local employment.

🏆 Highest Modeled Values in This 40-Role Set

Ranked by modeled annual occupation median. These are planning estimates, not direct local OEWS rows.

🥇 +1% vs national

Software Developer

$128,978
💡 Purchasing-power model $123,424
⏱ Hourly modeled equivalent $62.01/hr
National projected growth +17.0%
Career Guide → Best Cities →
🥈 +1% vs national

Accountant

$87,242
💡 Purchasing-power model $83,485
⏱ Hourly modeled equivalent $41.94/hr
National projected growth +3.0%
Career Guide → Best Cities →
🥉 +1% vs national

Registered Nurse

$87,231
💡 Purchasing-power model $83,475
⏱ Hourly modeled equivalent $41.94/hr
National projected growth +6.0%
Career Guide → Best Cities →
4️⃣ +1% vs national

Elementary School Teacher

$64,529
💡 Purchasing-power model $61,750
⏱ Hourly modeled equivalent $31.02/hr
National projected growth +3.0%
Career Guide → Best Cities →
5️⃣ +1% vs national

Electrician

$62,380
💡 Purchasing-power model $59,694
⏱ Hourly modeled equivalent $29.99/hr
National projected growth +3.0%
Career Guide → Best Cities →

📋 Complete Salary Guide — All 40 Occupations in Lakeville

Purchasing-power equivalent = modeled annual median divided by the planning cost index (104.5/100). It does not estimate taxes or take-home pay. This city cost reference is above 100.

Showing all 40 occupations.

#
1 Software Developer $128,978
2 Accountant $87,242
3 Registered Nurse $87,231
4 Elementary School Teacher $64,529
5 Electrician $62,380
6 Real Estate Agent $62,309
7 Heavy Truck Driver $53,806
8 Paralegal $50,674
9 Welder $50,674
10 Nail Technician $50,674
11 Cosmetologist $50,674
12 Personal Trainer $50,674
13 Chef/Head Cook $50,674
14 Social Worker $50,674
15 Auto Mechanic $50,674
16 Veterinary Technician $50,674
17 Pharmacy Technician $50,674
18 Licensed Practical Nurse (LPN) $50,674
19 Nursing Assistant (CNA) $50,674
20 Police Officer $50,674
21 Project Manager $50,674
22 Graphic Designer $50,674
23 Data Analyst $50,674
24 Plumber $50,674
25 Loan Officer $50,674
26 Insurance Agent $50,674
27 Physical Therapist $50,674
28 Carpenter $50,674
29 Human Resources Specialist $50,674
30 Financial Analyst $50,674
31 Pharmacist $50,674
32 HVAC Technician $50,674
33 Dental Assistant $50,674
34 Construction Manager $50,674
35 Dental Hygienist $50,674
36 Firefighter $50,674
37 Web Developer $50,674
38 Marketing Manager $50,674
39 Medical Assistant $50,674
40 Security Guard $36,627

OCity planning estimates. National occupation references are inputs; displayed city values are modeled rather than direct local BLS occupation rows.

Lakeville salary model: formulas, sources and limitations

Stored occupation model comparison

modeled estimate ÷ stored national reference = row comparison

On this owner, estimate-to-reference ratios are 0.321×–1.519× across occupations. Ratios can vary by occupation, so this is not described as one citywide multiplier or a direct local OEWS download.

Purchasing-power equivalent

modeled estimate ÷ 104.5 × 100

This comparison does not estimate taxes or take-home pay and is not an official BLS adjustment.

Limitations. “Average” is unweighted across selected occupations. Growth fields are national occupation projections, not local forecasts. City and metro geographies can differ. Repeated stored employment counts are not presented as local jobs.
BLS OEWS methodologyBLS national projectionsCensus/ACS income context

Model generated 2026-02-26; methodology reviewed July 16, 2026.

🏙️ Living Costs in Lakeville

🏠
1BR Rent
$1,201/mo
🏡
2BR Rent
$1,501/mo
🏘️
Median Home
$458,257
📉
Unemployment
2.8%
💳
Median Income
$147,992
🎓
College Educated
46%
🚶
Walk Score
35/100
📊
Cost of Living
105
Near Avg Cost
📊 Full Cost of Living Breakdown → 🏠 Real Estate Market →

🧮 Test Your Lakeville Budget

Use scenario tools to compare gross pay and city cost context. Results depend on the inputs and do not guarantee take-home pay, housing approval or affordability.

💰 Decode a Job Offer 🔄 Salary Equivalence Calculator 🔍 Career Arbitrage Tool

❓ Lakeville Salary FAQ

What does the average salary in Lakeville mean on this page?

▼
$55,116 is the unweighted arithmetic average of the modeled medians for 40 selected occupations. It is not an official mean or median for all Lakeville workers.

What is the monthly salary estimate in Lakeville?

▼
The selected-occupation model average equals about $4,593 per month before taxes and deductions. This gross arithmetic conversion is not take-home pay or household income.

What is a good salary in Lakeville?

▼
There is no universal threshold. Household size, current housing quotes, taxes, debt, benefits, transportation and other recurring costs determine fit. The figures here are planning references, not affordability guarantees.

Are these direct local BLS salary observations for Lakeville?

▼
No. Each stored city planning estimate is compared with its stored national occupation reference. The estimate-to-reference relationship is 0.321×–1.519× across occupations; it is not represented as one universal city multiplier or a direct local BLS observation.

📝 Planning Takeaways for Lakeville

Use the occupation rows to compare modeled gross-pay references, not to predict an offer. Validate the exact role, experience level, employer, benefits and location. Then model taxes and current household costs before making a relocation or career decision.

Career Decisions

Make your salary work in Lakeville

City analysis

Salary vs Rent by City: A Transparent 1BR Screening Ratio

Ten cities from the original analysis recalculated with one reproducible ratio: annual one-bedroom rent divided by median household income.

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In some cities $60K makes you comfortable, in others you're barely scraping by — the data tells the full story

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Where Accountants Earn the Most After Cost of Living (2026)

Raw accountant salary is misleading — here's where the pay goes FURTHEST after rent and groceries

Career Guides →Cost of Living →Housing Market →Neighborhood Guide →

Explore Lakeville Further

🏙️ Lakeville City Overview 💰 Cost of Living 🏠 Real Estate 📊 Browse Salaries by City 💼 All Career Guides 🏘️ Neighborhood Guide 🔍 Career Arbitrage