Lakeville, MN vs Woodbury, MN
Side-by-side fiscal comparison · U.S. Census Bureau data (2023)
Lakeville, MN and Woodbury, MN spend within 9.0% of each other per resident — $9,491 versus $8,705 — so on the headline spending-per-capita measure the two cities are effectively neck and neck.
Lakeville, MN edges Woodbury, MN on the Fiscal Health Score by 1 points — 58/100 (grade C) to 57/100 (grade C). At a margin this narrow the grade is close enough that the factor-level detail matters more than the composite.
On debt, Lakeville, MN carries the lighter load at $869 per resident versus $1,106 for Woodbury, MN. Both cities pour the most per-resident dollars into the same function: parks and recreation leads in Lakeville, MN at $688 per resident and in Woodbury, MN at $1,659.
They also fund themselves differently: intergovernmental transfers is the largest single revenue source in Lakeville, MN at 36% of total revenue, whereas Woodbury, MN relies most on other revenue at 32%.
Summary
Lakeville spends 9.0% more per capita than Woodbury ($786/person difference). Lakeville, MN has the stronger Fiscal Health Score (C, 58/100).
Fiscal Health Score
Key Metrics
Per Capita Spending by Department
Revenue Breakdown (Per Capita)
| Property Tax | $619 | $414 |
| Sales Tax | $785 | $1,053 |
| Intergovernmental | $6,772 | $10 |
| Charges & Fees | $1,685 | $1,071 |
| Other | $2,950 | $2,165 |
Spending Breakdown (Per Capita)
| Fire Protection | $274 | $367 |
| Public Welfare | $777 | $1,759 |
| Hospitals | $0 | $63 |
| Parks & Recreation | $688 | $1,659 |
| Housing | $2,141 | $2,022 |
| Utilities | $1,292 | $1,225 |
| Other | $4,319 | $1,610 |
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Source: Census Annual Survey of State and Local Government Finances, 2026.