Lakeville, located in Minnesota, offers a unique blend of suburban charm and urban convenience. Understanding the cost of living in Lakeville is crucial for anyone considering moving to or residing in this city.

This guide provides a detailed breakdown of expenses, including dining, groceries, transportation, housing, and utilities, to help you make informed financial decisions.

Cost of Living Summary

Dining and Restaurants

  • Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $14 and $50.
  • Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $87.5, with prices ranging from $75 to $120.
  • Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $17.5, with a range between $15 and $20.
  • Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $6 to $10, imported beer $6 to $8, cappuccino $4.5 to $10, and Coke/Pepsi $2.14 to $3.5.

Grocery Prices

  • Milk - Milk is priced between $0.79 and $1.06 per liter, averaging $0.93.
  • Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.48 and $3.86, with an average price of $3.38.
  • Eggs (Dozen) - A dozen eggs range from $2.65 to $3.59, averaging $3.12.
  • Fruits (e.g., Apples, Oranges) - Apples cost $5.49 to $6.61 per kg, while oranges are priced at $6.61 per kg.
  • Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.87 and $2.2 per kg, and lettuce costs $2 to $3.97 per head.

Transportation

  • Fuel (Gasoline) - Gasoline is priced between $0.77 and $1 per liter.

Housing Costs

We currently don't have enough Housing Costs data available for Lakeville

    Utilities

    • Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $85 and $250, averaging $126.15.
    • Internet - Internet services range from $40 to $75, with an average cost of $60.83.
    Worldwide
    United States

    Cost of Living Rankings

    The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.

    Highest to LowestUpdated: Dec, 2024
    Full Cost of Living Rankings

    Cost of Living Data

    We don't have enough data available for this city...
    Restaurants
    Avg / Range
    Meal, Inexpensive Restaurant
    $20.00
    Meal for 2 People, Mid-range Restaurant, Three-course
    $87.50
    McMeal at McDonalds (or Equivalent Combo Meal)
    $17.50
    Domestic Beer (0.5 liter draught)
    $8.00
    Imported Beer (0.33 liter bottle)
    $7.00
    Coke/Pepsi (0.33 liter bottle)
    $2.88
    Water (0.33 liter bottle)
    $2.33
    Cappuccino (regular)
    $7.00
    Markets
    Avg / Range
    Milk (regular), (1 liter)
    $0.93
    Loaf of Fresh White Bread (500g)
    $3.38
    Eggs (regular) (12)
    $3.12
    Local Cheese (1kg)
    $13.23
    Water (1.5 liter bottle)
    $3.00
    Bottle of Wine (Mid-Range)
    $15.00
    Domestic Beer (0.5 liter bottle)
    $1.73
    Imported Beer (0.33 liter bottle)
    $3.00
    Cigarettes 20 Pack (Marlboro)
    $9.50
    Chicken Fillets (1kg)
    $11.92
    Apples (1kg)
    $6.05
    Oranges (1kg)
    $6.61
    Potato (1kg)
    $2.04
    Lettuce (1 head)
    $2.99
    Rice (white), (1kg)
    $3.70
    Tomato (1kg)
    $6.61
    Banana (1kg)
    $1.61
    Onion (1kg)
    $4.41
    Beef Round (1kg) (or Equivalent Back Leg Red Meat)
    $16.52
    Transportation
    Avg / Range
    Gasoline (1 liter)
    $0.85
    Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
    $0.00
    Taxi Start (Normal Tariff)
    $0.00
    Taxi 1km (Normal Tariff)
    $0.00
    Taxi 1hour Waiting (Normal Tariff)
    $0.00
    Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
    $0.00
    Utilities (Monthly)
    Avg / Range
    Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
    $126.15
    Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
    $60.83
    Mobile Phone Monthly Plan with Calls and 10GB+ Data
    $67.75
    Sports And Leisure
    Avg / Range
    Cinema, International Release, 1 Seat
    $12.22
    Clothing And Shoes
    Avg / Range
    1 Pair of Jeans (Levis 501 Or Similar)
    $63.33
    1 Summer Dress in a Chain Store (Zara, H&M, ...)
    $62.50
    1 Pair of Nike Running Shoes (Mid-Range)
    $80.00
    1 Pair of Men Leather Business Shoes
    $85.00
    Salaries And Financing
    Avg / Range
    Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
    6.52%
    Childcare
    Avg / Range
    Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
    $1,725.00
    International Primary School, Yearly for 1 Child
    $0.00
    Lakeville Cost of Living

    "Key Takeaways"

    Lakeville presents a moderate cost of living with dining and grocery prices reflecting typical suburban rates.

    Transportation costs are relatively low, especially for gasoline, which is beneficial for commuters.

    Utilities and internet services are reasonably priced, contributing to manageable monthly expenses.

    Conclusion

    In conclusion, Lakeville, MN, offers a balanced cost of living with affordable transportation and utility costs.

    While dining and grocery prices are moderate, they align with the suburban lifestyle that Lakeville provides.

    Potential residents can expect a comfortable living experience with manageable expenses in this charming city.