Lakeville, MN vs Rosemount, MN

Lakeville, MN and Rosemount, MN have a very similar cost of living, with only a 4.2% difference in their overall index. Lakeville scores 124 while Rosemount scores 119 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 $1,614/month in Rosemount — a 7% difference. Home values follow the same pattern: Rosemount is more affordable at $406,100 median vs $425,200.

Median household income in Lakeville is $138,119 compared to $127,247 in Rosemount (+8.5%). While Lakeville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lakeville spend roughly 15% of their income on rent, less than the 15.2% in Rosemount.

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