Prior Lake is a city in Minnesota state in USA with a population of 26775 residents.. The poverty rate of Prior Lake is 4.6%, which is 67% lower than national average. The typical household in Prior Lake earns $108481 a year, compared to the national median of $67,500. Nearly 20.5% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Prior Lake, only 99% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Prior Lake remained 2%, which is 57% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Prior Lake, only 49% of adults have a bachelor's degree and 35% have some college but no degree.

Cost of living in Prior Lake is 115, which is 15% higher than national average. Median home value in Prior Lake is $328400 , which is 43% higher than national average. While median income in Prior Lake remained $108481, which is 61% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.