College Costs in Lakeville, MN 2026
Compare tuition, housing, and financial aid across 3 colleges in Lakeville, Minnesota. Use our free calculator to estimate your total cost.
Avg Public Tuition
$14,200
per year
Avg Private Tuition
$38,000
per year
Avg Rent Near Campus
$918
per month
Colleges & Universities
3
institutions
Lakeville Overview
Population
69,490
Student Population
4,582 (6.6%)
Cost of Living Index
96.3 (avg: 100)
Walk Score
44/100
Transit Score
25/100
Unemployment Rate
2.2%
College Cost Calculator for Lakeville
Cost Inputs
Total Cost (4 Years, Public In-State)
$109,300
Total After Financial Aid
$109,300
Annual Cost
$27,325
Annual After Aid
$27,325
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $109,300 |
| Monthly Payment | $1,241 |
| Total Interest | $39,630 |
| Total Loan Cost | $148,930 |
Universities in Lakeville
| University | Type | Annual Tuition |
|---|---|---|
| Lakeville State University | Public | $15,034 |
| Lakeville Community College | Community | $5,723 |
Lakeville has 3 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Lakeville vs. National Average
| Category | Lakeville | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $14,200 | $10,940 | +$3,260 |
| Monthly Rent Near Campus | $918 | $1,050 | -$132 |
| Cost of Living Index | 96.3 | 100 | -3.700000000000003 |
Lakeville's cost of living is near the national average. Students can expect typical expenses comparable to most other U.S. cities.
Student Life in Lakeville
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
4,582 students
Lakeville has a total population of 69,490, with approximately 4,582 college students (6.6% of the population). While not primarily a college town, Lakeville offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Lakeville
$48,839
Starting Salary
2.2%
Unemployment Rate
72%
Graduation Rate
~8 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Lakeville earn a median starting salary of $48,839, which is $13,839 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $109,300 (including room and board), it would take approximately 8 years of the salary premium to recoup the investment. With average financial aid of $9,434 per student per year, the net cost and payback period can be significantly reduced.
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