Living in Lakeville, Connecticut
Cost of living, income, home prices, rent and demographics of Lakeville · Census data 2020–2024
Lakeville has 510 residents with a median age of 57.6. The median household income is $163,375 (71% higher than the Connecticut median), the median home value is $868,200.
Lakeville is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Lakeville at a glance
- Population
- 510
- Median age
- 57.6State: 41.1
- Median household income
- $163,375State: $95,781
- Median home value
- $868,200State: $366,900
- Homeowners
- 100%
- Bachelor's degree or higher
- 77.9%
- Average commute
- 14 min
Is Lakeville a good place to live?
Pros: Median household income 71% higher than the Connecticut median; an average commute of 14 minutes; a poverty rate of 5.3%.
Cons: Home values 137% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Lakeville
Housing is the biggest part of the cost of living. In Lakeville the median home value is $868,200, 161% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,917 a month in housing costs.
Lakeville median household income
The median household income in Lakeville is $163,375 and the income per person is $91,188. 5.3% of residents live below the poverty line (Connecticut: 10%).
Housing in Lakeville: homes for sale and rent
- Housing units
- 222
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 25.7%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.27
Lakeville demographics
- Population
- 510
- Median age
- 57.6
- Under 18
- 7.6%
- 65 and older
- 27.5%
- Households
- 165
- Foreign-born
- 1.6%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Lakeville ›
Education in Lakeville
77.9% of adults 25 and older in Lakeville have a bachelor's degree or higher (Connecticut: 42.5%), and 49.9% have a graduate or professional degree.
Jobs and commute in Lakeville
- Unemployment rate
- 0%State: 5.6%
- Average commute
- 14 minState: 27 min
- Work from home
- 45.6%
- Drive alone
- 48.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Lakeville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lakeville | 510 | $163,375 | $868,200 | — |
| Salisbury | 4,224 | $124,256 | $763,700 | $1,846 |
| Millerton | 851 | $83,090 | $240,800 | $1,226 |
| Falls Village | 410 | $53,750 | $445,700 | $2,074 |
| Sharon | 2,723 | $100,518 | $590,700 | $1,750 |
| Canaan | 1,175 | $89,632 | $469,400 | $1,830 |
| North Canaan | 3,221 | $71,976 | $267,300 | $1,146 |
| Mount Washington | 193 | $142,500 | $714,300 | — |
| Amenia | 977 | $74,813 | $293,300 | $1,737 |
More for people moving to Lakeville
Lakeville ZIP code ›Weather and climate ›Living in Lakeville: FAQ
What is the median household income in Lakeville, CT?
The median household income in Lakeville is $163,375, 71% higher than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lakeville?
The median home value in Lakeville is $868,200, compared with $366,900 in Connecticut.
Is Lakeville, CT a good place to live?
Pluses: median household income 71% higher than the Connecticut median; an average commute of 14 minutes; a poverty rate of 5.3%. Minuses: home values 137% higher than the state median.
What is the median age in Lakeville?
The median age in Lakeville is 57.6 years (Connecticut: 41.1).
How long is the commute in Lakeville?
The average commute to work in Lakeville is 14 minutes; 45.6% of workers work from home.
What is the unemployment rate in Lakeville?
The unemployment rate in Lakeville is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lakeville?
77.9% of adults in Lakeville have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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