Lakeville, MN vs Shakopee, MN

Shakopee is moderately more affordable than Lakeville, with a 11% lower cost of living index. Lakeville scores 124 compared to 111 for Shakopee, where the US average is 100. This difference means residents of Lakeville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lakeville is $1,727/month compared to $1,495/month in Shakopee — a 16% difference. Home values follow the same pattern: Shakopee is more affordable at $361,400 median vs $425,200.

Median household income in Lakeville is $138,119 compared to $110,989 in Shakopee (+24.4%). 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 16.2% in Shakopee.

Climate-wise, both cities share similar average temperatures (46.9°F vs 46.7°F). Lakeville receives more rainfall at 31.6" per year compared to 30.6" in Shakopee.