Eden Prairie, MN vs Lakeville, MN

Eden Prairie, MN and Lakeville, MN have a very similar cost of living, with only a 3.4% difference in their overall index. Eden Prairie scores 128 while Lakeville scores 124 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Eden Prairie is $1,761/month compared to $1,727/month in Lakeville — a 2% difference. Home values follow the same pattern: Lakeville is more affordable at $425,200 median vs $463,300.

Median household income in Eden Prairie is $127,732 compared to $138,119 in Lakeville (-7.5%). Lakeville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Eden Prairie spend roughly 16.5% of their income on rent, more than the 15% in Lakeville.