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CITY

Prior Lake

Minnesota · 28,140 residents (2025 est.) · 16.293 sq mi
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Notable rankings
#306Lowest unemploymentof 6,8261.5%
The short version

Prior Lake is significantly wealthier than the US average, with a median household income of $134,255. The city has grown rapidly, with population up 76% since 2000. 52% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value has more than doubled since 2000, reaching $450,700. Poverty is rare here, at 3.1% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 39.6
US median: 38.9
More educated
52% hold a bachelor's degree
US average: 36%
Less affordable
home values up 41%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
28,016
+76%since 2000
from 15,917 in 2000
1990 – 2025
Population density
1,720 / sq mi
+76%since 2000
from 977 / sq mi in 2000
US average: 281
Median age
39.6
+19%since 2000
from 33.3 in 2000
US average: 38.9

PEP 2025 EST:28,140 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
10K15K20K25K30K1990201020202024Prior Lake
202428K
1990201020202024
Section 02

Income & economy

Median household income
$134,255
−2%inflation adjusted, since 2000
from $75,363 in 2000
US average: $82,259
1990 – 2024
Per capita income
$62,573
+95%since 2000
from $32,089 in 2000
US average: $44,673
Households earning $100K+
73.8%
+15.5 ptssince 2009
from 58.3% in 2009
US average: 53.3%
Poverty rate
3.1%
−0.5 ptssince 2000
from 3.6% in 2000
US average: 12.5%
Income inequality (Gini)
0.425
+5%since 2010
from 0.405 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade15.2%
US avg: 9.9%
Information12.6%
US avg: 10.8%
Other services9.4%
US avg: 6.7%
Public administration7%
US avg: 4.8%
Wholesale trade6.2%
US avg: 6.9%
Transportation & warehousing4.3%
US avg: 2.2%
Finance & insurance4.3%
US avg: 5.9%
Professional, scientific, technical3.8%
US avg: 5.1%
Arts, entertainment, food1.1%
US avg: 1.9%
Education & health services0.4%
US avg: 0.9%
Agriculture, forestry, fishing0.3%
US avg: 1.6%
Construction0.2%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$450,700
+41%inflation adjusted, since 2000
from $176,000 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,654
+29%inflation adjusted, since 2000
from $705 in 2000
US average: $1,442
Owner-occupied
86.2%
−1.1 ptssince 2000
from 87.4% in 2000
13.8% rent
Vacancy rate
3.7%
−3.1 ptssince 2009
from 6.8% in 2009
US average: 10.0%
Owner cost-burdened
16.5%
−13.5 ptssince 2009
from 30.0% in 2009
US average: 22.9%
Renter cost-burdened
57.5%
+10.0 ptssince 2009
from 47.5% in 2009
US average: 47.4%
Afford Score
3.4
+44%since 2000
from 2.3 in 2000
1990 – 2024
Gentrification Score
54
RELATED:See current rent listings in Prior Lake on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic93.9%(14,951)
Black0.7%(119)
Hispanic / Latino1.1%(177)
Asian0.9%(148)
Other0%
Diversity Score7.1%(1,125)
2024
White, non-Hispanic79.2%(22,180)
Black2.2%(627)
Hispanic / Latino5.8%(1,632)
Asian5.5%(1,550)
Other7.2%(2,027)
Diversity Score45.1%(12,643)
Diversity Score
45
+538%since 2000
from 7 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
52.4%
+19.6 ptssince 2000
from 32.8% in 2000
US average: 35.6%
High school or higher
96.2%
+2.5 ptssince 2000
from 93.7% in 2000
US average: 89.6%
Graduate degree
15.1%
+8.1 ptssince 2000
from 6.9% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
24.7 min
+59%since 2000
from 15.5 min in 2000
US average: 26.5
Drive alone to work
63.9%
−19.5 ptssince 2009
from 83.4% in 2009
US average: 68.9%
Carpooled to work
7.9%
+0.2 ptssince 2009
from 7.7% in 2009
US average: 8.5%
Public transit
0.8%
−1.4 ptssince 2009
from 2.2% in 2009
US average: 3.2%
Worked from home
24.6%
+19.1 ptssince 2009
from 5.5% in 2009
US average: 15.0%
Walked to work
1.2%
+0.7 ptssince 2009
from 0.5% in 2009
US average: 2.4%
Biked to work
0.0%
−0.1 ptssince 2009
from 0.1% in 2009
US average: 0.4%
No vehicle available
2.9%
+0.4 ptssince 2009
from 2.5% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.5%
−4.1 ptssince 2011
from 5.6% in 2011
US average: 5.2%
Labor force participation
73.0%
−4.1 ptssince 2011
from 77.1% in 2011
US average: 63.5%
Self-employed
11.6%
+4.7 ptssince 2009
from 6.9% in 2009
US average: 13.1%
Management & professional
49.1%
−16.3 ptssince 2009
from 65.4% in 2009
US average: 42.5%
Section 08

People & community

Male
49.9%
−1.1 ptssince 2009
from 51.0% in 2009
Female
50.1%
+1.1 ptssince 2009
from 49.0% in 2009
Foreign born
7.7%
+3.8 ptssince 2009
from 3.9% in 2009
US average: 14.1%
Veterans
6.2%
−44.4 ptssince 2009
from 50.6% in 2009
US average: 6.2%
With a disability
9.4%
+2.9 ptssince 2012
from 6.5% in 2012
US average: 13.3%
Uninsured
2.7%
−91.7 ptssince 2013
from 94.4% in 2013
US average: 8.4%
Broadband at home
96.0%
+7.7 ptssince 2017
from 88.3% in 2017
US average: 91.0%
English only at home
90.6%
−3.3 ptssince 2016
from 93.9% in 2016
US average: 77.7%
Spanish at home
2.9%
+1.8 ptssince 2016
from 1.1% in 2016
US average: 13.6%
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Frequently asked

How many people live in Prior Lake, Minnesota?

Prior Lake, Minnesota has about 28,016 residents according to the 2024 American Community Survey.

What is the median household income in Prior Lake, Minnesota?

The typical household in Prior Lake, Minnesota earns about $134,255 a year. Half of households make more than that, and half make less.

Is Prior Lake, Minnesota expensive?

In Prior Lake, Minnesota, the median home is worth about $450,700, and the typical rent is about $1,654 a month.

How educated are people in Prior Lake, Minnesota?

About 52.4% of adults age 25 and over in Prior Lake, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Prior Lake, Minnesota?

About 3.1% of people in Prior Lake, Minnesota live below the federal poverty line.

Has Prior Lake, Minnesota grown since 1990?

Yes, Prior Lake, Minnesota has grown since 1990. The population has added about 16,534 residents, a change of about 144 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →