Prior Lake
Prior Lake is significantly wealthier than the US average, with a median household income of $108,481. The city has grown rapidly, with population up 74% since 2000. 48% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value has more than doubled since 2000, reaching $328,400. Poverty is rare here, at 4.6% of residents. Households here earn about 48% more than the Minnesota median.
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How many people live in Prior Lake, Minnesota?
Prior Lake, Minnesota has about 27,617 residents according to the 2020 American Community Survey.
What is the median household income in Prior Lake, Minnesota?
The typical household in Prior Lake, Minnesota earns about $108,481 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 $328,400, and the typical rent is about $1,220 a month.
How educated are people in Prior Lake, Minnesota?
About 48.3% 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 4.6% 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 16,135 residents, a change of about 141 percent over that period.
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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024