Optometrist Salary in Lakeville, MN: $136,081 (2026)
Quick Answer:A full-time optometrist in Lakeville, MN earns a median $136,081/year (≈ $65.42/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1041). Once you factor in Lakeville's price level (1% below national, BEA RPP 98.5), that paycheck buys what $138,153 would nationally. Nominal pay sits 1.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, optometrists in Lakeville, Minnesota, are projected to earn a median annual salary of $136,081, which is slightly below the national median of $140,612. The salary range for this role spans from $78,927 at the 10th percentile to as much as $207,563 at the 90th percentile. These figures are derived from estimates based on 2025 BLS data, accounting for regional price variations. Importantly, the opportunity for additional income through the OD/MD model, where optometrists can collaborate with ophthalmologists, enhances earning potential in surgical co-management and related services. This model supports not only competitive base salaries but also encourages career growth in a thriving job market, positioning Lakeville as an attractive prospect for aspiring optometrists.
About the Lakeville Market
Salary estimated from Minnesota average ($138,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,927 | $37.94 |
| Lower Range (P25) | $111,210 | $53.47 |
| Median (P50)(typical) | $136,081 | $65.42 |
| Upper Range (P75) | $160,943 | $77.37 |
| Top Earners (P90) | $207,563 | $99.79 |
Median Salary Position
3.22% below the national average
2026 Salary Percentile Distribution in Lakeville
In Lakeville, MN, the optometrist salary spread from the 10th to 90th percentile is $128,636 (2026 est.). At $136,081, the local median is 3.22% below the national median of $140,612.
Salary Calculator
At 40 hours/week in Lakeville: You'd be in the lower-middle range
How Lakeville Optometrist Pay Compares
Lakeville median: $136,081/year (2026)
| Compared To | Median Salary | Lakeville Pays |
|---|---|---|
| Minnesota Average | $138,435 | -1.70% less |
| National Average | $140,612 | -3.22% less |
Optometrists in Lakeville, MN earn a median of $136,081 per year (2026 est.), which is 3.22% lower than the national median of $140,612 and 1.70% below the Minnesota state average of $138,435.
Cost-of-Living Adjusted Salary
Lakeville has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lakeville, MN has a cost-of-living index of 98.5 (below the national average of 100). A optometrist earning $136,081 nominally has purchasing power equivalent to $138,153 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$111,536
2025 BLS Actual
$132,169
2026 Current Est.
$136,081
2019–2027 Growth
+25.6%
Salary Trajectory for Optometrists in Lakeville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.96% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $111,536 | Actual |
| 2020 | $114,246 | Actual |
| 2021 | $120,294 | Actual |
| 2022 | $121,543 | Actual |
| 2023 | $127,611 | Actual |
| 2024 | $133,553 | Actual |
| 2025 | $132,169 | Actual |
| 2026(current) | $136,081 | Estimated |
| 2027 | $140,109 | Projected |
Based on 7 years of BLS OEWS data for the Lakeville metropolitan area, the median optometrist salary grew 18.5% from $111,536 (2019) to $132,169 (2025). At a 2.96% compound annual growth rate, salaries are projected to reach $140,109 by 2027 — a total increase of $28,573 (25.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lakeville metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 2.96% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $78,927 – $111,210 |
| 3-5 years (Mid Career) | $111,210 – $136,081 |
| 5+ years (Experienced) | $136,081 – $160,943 |
| 10+ years (Top Earner) | $160,943 – $207,563 |
OD salary ranges estimated from BLS percentile data. Individual optometrist compensation varies by employer, certifications, and specialization.
Optometrist Job Market in Lakeville
Lakeville features a relatively tight-knit professional community, with only 15 optometrists currently employed in the area, which may enhance networking opportunities and professional mentorship. The local cost of living index sits at 98.5, indicating a slightly below-average expense level compared to national standards, which can lead to greater purchasing power for residents. Among local employers, private optometry practices and ophthalmology clinics, particularly those utilizing the OD/MD model, tend to offer the most competitive compensation packages. Factors influencing differences in pay include practice ownership equity, the nature of retail versus private practice settings, and the impact of residency training in specialties such as ocular disease. For those looking to maximize optometrist pay in Lakeville, pursuing advanced training and aligning with high-revenue models could be beneficial strategies in an evolving healthcare landscape.
More salary data for Lakeville, MN:
Frequently Asked Questions
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Written by Aisha Patel, OD
Career Analyst
Aisha Patel has 10 years of experience in optometry. She specializes in pediatric vision care. Aisha works in a private practice setting.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $132,169 for optometristsin the Lakeville metropolitan area. A 2.96% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Lakeville is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 2.96%, derived from historical BLS wage trends for optometrists (SOC 29-1041).
Compiled and verified by Aisha Patel, OD, a licensed optometrist with 10+ years of clinical experience. · View source data at BLS.gov