Lakeville, Connecticut Demographics & Population 2026
During the 2020–2024 ACS period, Lakeville, Connecticut had a total population of 510, the 182nd largest community in Connecticut, with a median household income of $163,375, which is 71% higher than the state average. The poverty rate is 5.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 71% above the state average — one of the wealthiest communities in Connecticut.
Lakeville Quick Facts
How Lakeville Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 641 | 510 | -20.4% |
| Median household income | $95,156 | $163,375 | +71.7% |
| Median home value | $822,200 | $868,200 | +5.6% |
How Lakeville Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 57 | National average: 61
Education
Educational Attainment (Adults 25+)
Lakeville Rankings in Connecticut
Explore Connecticut Rankings
Cities Similar to Lakeville
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Candlewood Shores | 525 | $183,587 | $421,300 | 72.1% | 5.0% |
| Groton Long Point | 546 | $172,500 | $969,600 | 78.6% | 9.2% |
| Taylor Corners | 481 | $140,726 | $500,000 | 38.7% | 1.9% |
| Mamanasco Lake | 499 | $221,250 | $940,800 | 88.1% | 1.0% |
| Murray | 503 | $244,375 | $1,069,800 | 79.4% | 4.4% |
A note before these figures: with a population of 510, Lakeville's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Lakeville is a small community located in Connecticut. The total population is 510. It ranks as the 182nd most populous out of 214 Census-designated places in Connecticut.
Age Demographics
The median age in Lakeville is 57.6 years. This is 40% higher than the state median of 41.1 years. Only 7.6% of residents are under 18, indicating fewer families with children. 10.6% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Lakeville is $163,375. This is 71% higher than the state median of $95,781. It is also 102% higher than the national median of $80,734. The poverty rate stands at 5.3%. This is 47% lower than the state poverty rate of 10.0%. The survey records no unemployed residents in Lakeville, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $868,200. Housing costs are 137% higher than the state median of $366,900. The home-value-to-income ratio is 5.3x. 100.0% of occupied housing units are owner-occupied. This homeownership rate is 50% higher than the state average of 66.5%.
Race & Ethnicity
Lakeville has a predominantly White (non-Hispanic) population, comprising 95.1% of all residents. The White (non-Hispanic) population is significantly higher than the state average (95.1% vs 61.9%).
Education
77.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 83% higher than the state rate of 42.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. No surveyed resident aged 25 or older reported leaving school before earning a high school diploma, though a rate of exactly 100% reflects the limits of a small sample. Notably, 49.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Lakeville, Connecticut is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Connecticut state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 214 Census-designated places in Connecticut. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Lakeville, Connecticut?
Lakeville, Connecticut has a population of 510 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lakeville, CT?
The median household income in Lakeville is $163,375, which is 102% higher than the national median of $80,734.
What is the poverty rate in Lakeville, CT?
The poverty rate in Lakeville is 5.3%. This means approximately 27 residents live below the federal poverty line.
What is the racial makeup of Lakeville, Connecticut?
Lakeville's population is 95.1% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Lakeville, CT?
The median home value in Lakeville is $868,200. The home-value-to-income ratio is 5.3x.
How educated is Lakeville, Connecticut?
77.9% of adults (25+) in Lakeville hold a bachelor's degree or higher, and 49.9% hold a graduate or professional degree.