Ann Arbor vs Lakeville
The short version
- Ann Arbor is cheaper overall: prices in its metro run 4% lower than in the Lakeville area (BEA 2024).
- The median home costs $452,500 in Lakeville and $453,400 in Ann Arbor.
- Households earn more in Lakeville ($139,041 vs $82,212 median).
- Ann Arbor has the warmer winter: January highs of 32°F vs 24°F.
- Ann Arbor gets far more snow: 59 inches a year vs 51.
- Lakeville is growing faster: +14.1% since 2020 vs -1.3%.
- Commutes are shorter in Ann Arbor (20 vs 24 minutes each way).
Side by side
| Ann Arbor, MI | Lakeville, MN | |
|---|---|---|
| People | ||
| Population (2025) | 122,233 | 79,270 |
| Growth since 2020 | -1.3% | +14.1% |
| People per square mile | 4,306 | 2,147 |
| Median age | 27.7 | 36.8 |
| Bachelor's degree or higher | 78% | 51% |
| Money and housing | ||
| Median household income | $82,212 | $139,041 |
| Median home value | $453,400 | $452,500 |
| Home value to income | 5.5× | 3.3× |
| Median rent (with utilities) | $1,649 | $1,806 |
| Metro price level (US = 100) | 100.9 | 104.8 |
| Housing price level (US = 100) | 125.3 | 111.8 |
| $75,000 elsewhere equals | $75,700 | $78,600 |
| Homeowners | 46% | 88% |
| Top state income tax | 4.25% | 9.85% |
| Combined sales tax | 6% | 8.14% |
| Work and commute | ||
| Average commute (minutes) | 20.0 | 23.6 |
| Work from home | 29% | 23% |
| Take public transit | 7% | 1% |
| Unemployment (2020-24 avg) | 3.9% | 2% |
| Poverty rate | 23.8% | 2.9% |
| Weather | ||
| January high / low | 32° / 15° | 24° / 9° |
| July high / low | 84° / 57° | 83° / 65° |
| Precipitation per year | 30 in | 32 in |
| Snowfall per year | 59 in | 51 in |
| Days 90°F or hotter | 11 | 13 |
| Nights below freezing | 150 | 147 |
| Comfortable months | 5 | 4 |
| Risks, air and home prices | ||
| Natural hazard risk (FEMA, county) | Relatively Moderate | Relatively Moderate |
| FEMA risk score (lower is safer) | 89.3 | 89.5 |
| Good air days, 2025 | 69% | 55% |
| Home prices, past year | +3.4% | +2.6% |
| Home prices, past 5 years | +40.3% | +27.3% |
Highlighted cells are the better value where "better" is clear (lower prices, higher income, shorter commutes). Sources: Census Bureau 2025 estimates and ACS 2020-2024, BEA 2024, NOAA 1991-2020, Tax Foundation 2026.
Weather, month by month
Most comfortable months: Ann Arbor: May to September. Lakeville: May and July to September.
Full monthly tables: Ann Arbor weather by month and Lakeville weather by month.
What $75,000 is worth
A $75,000 salary in an average-priced US city buys about the same as $75,700 in Ann Arbor and $78,600 in Lakeville. Moving from Ann Arbor to Lakeville, you would need about $77,900 to match a $75,000 salary.
Which would you pick?
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