Lakeville, MN vs Minneapolis, MN
Side-by-side fiscal comparison · U.S. Census Bureau data (2023)
Summary
Minneapolis spends 56.7% more per capita than Lakeville ($12,419/person difference). Minneapolis, MN has the stronger Fiscal Health Score (B, 65/100).
Fiscal Health Score
C
58/100
Budget Balance54
Debt Burden0
Pension Funding76
Spending Efficiency100
Revenue Diversity93
Trend Direction50
B
65/100
Budget Balance17
Debt Burden91
Pension Funding76
Spending Efficiency80
Revenue Diversity100
Trend Direction50
Key Metrics
Metric
Lakeville
Minneapolis
Total Spending
$670.9M
$9.4B
Spending / Capita
$9,491
$21,910
Total Revenue
$1.3B
$8.2B
Revenue / Capita
$18,789
$19,159
Total Debt
$61.4M
$274.8M
Debt / Capita
$869
$644
Population
70,696
426,877
Gov Employees / 10K
0.0
0.0
Avg Gov Salary
$0
$0
Per Capita Spending by Department
Fire Protection
Lakeville$274
Minneapolis$683
Highways & Roads
Lakeville$0
Minneapolis$221
Parks & Recreation
Lakeville$688
Minneapolis$3,486
Revenue Breakdown (Per Capita)
LakevilleMinneapolis
| Property Tax | $619 | $0 |
| Sales Tax | $785 | $1,989 |
| Income Tax | $0 | $994 |
| Intergovernmental | $6,772 | $2,929 |
| Charges & Fees | $1,685 | $2,040 |
| Other | $2,950 | $3,254 |
Spending Breakdown (Per Capita)
LakevilleMinneapolis
| Fire Protection | $274 | $683 |
| Highways & Roads | $0 | $221 |
| Public Welfare | $777 | $1,500 |
| Parks & Recreation | $688 | $3,486 |
| Housing | $2,141 | $4,133 |
| Sewerage | $0 | $570 |
| Utilities | $1,292 | $2,398 |
| Other | $4,319 | $8,919 |
C
Lakeville, MN
Fiscal Health Score: 58/100
Average fiscal health
B
Minneapolis, MN
Fiscal Health Score: 65/100
Good fiscal health