Prior Lake, Minnesota Median Income

Prior Lake, Minnesota has a population of 27,617, with a median household income of $118,400.

Current median income data for Prior Lake.

$118,400

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Population

27,617

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Median Income

$118,400

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Unemployment

2.40%

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Housing Price

$495,000

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Crime Rate

11.20

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Internet Speed

1000.00 Mbps

Prior Lake is a smaller urban community located in Minnesota. The city has a population that is above the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Prior Lake is a notable city in Minnesota, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Prior Lake has a population of 27,617, which is higher than the state average. This indicates a relatively larger urban presence within Minnesota.

Income and Economy

The median household income in Prior Lake is $118,400, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Prior Lake average around $495,000, which is relatively high compared to other cities in Minnesota.

Employment and Safety

The unemployment rate in Prior Lake is 2.40%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Prior Lake are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Prior Lake shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Prior Lake offers a balanced mix of economic conditions, population trends, and housing opportunities within Minnesota.

Frequently Asked Questions about Prior Lake

What is the population of Prior Lake?

The population of Prior Lake is approximately 27,617.

Is Prior Lake a good place to live?

Prior Lake offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Prior Lake?

The median household income in Prior Lake is around $118,400.

How expensive is housing in Prior Lake?

The average housing price in Prior Lake is approximately $495,000.