Lakeville, MN vs Plymouth, MN

Lakeville, MN and Plymouth, MN have a very similar cost of living, with only a 2.7% difference in their overall index. Lakeville scores 124 while Plymouth scores 127 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 Lakeville is $1,727/month compared to $1,705/month in Plymouth — a 1% difference. Interestingly, home values tell a different story: while Plymouth has cheaper rent, Lakeville actually has lower median home values ($425,200 vs $474,700).

Median household income in Lakeville is $138,119 compared to $133,865 in Plymouth (+3.2%). 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 Lakeville spend roughly 15% of their income on rent, less than the 15.3% in Plymouth.

Climate-wise, both cities share similar average temperatures (46.9°F vs 45.8°F). Lakeville receives more rainfall at 31.6" per year compared to 30.7" in Plymouth.