Pros and Cons of Living In Prior Lake, Minnesota. Is Prior Lake, MN a Nice Place To Live or Retire?

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Prior Lake, Minnesota

Moving to Prior Lake In Minnesota ? Is Prior Lake, MN a Nice Place To Live? Pros and Cons of Living in Prior Lake, Minnesota. Find out the best and worst about to live, raise a family or retire in Prior Lake.

DEMOGRAPHICS

Population
26775
Unemployment
2%
57% NAT AVG.
Poverty
4.6%
67% NAT AVG.
Cost Of Living
115
15% NAT AVG.

ECONOMICS

Median Home Cost
$328400
43% NAT AVG.
Median Income
$108481
61% NAT AVG.
Median Rent
$1220
5% NAT AVG.
Overall Score
9

CRIME REPORT

Total Crime
643
1% NAT. AVG.
4% STATE AVG.
Violent Crime
47
56% NAT. AVG.
39% STATE AVG.
Property Crime
596
10% NAT. AVG.
1% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 22
Unemployed People
1 in 50
People Earning < $10,000
1 in 38
People Earning < $50,000
20.5%
People With Any Degree
1 in 1.6

ETHNICITY

Ethnicity Prior Lake USA
White 86.6% 60.1%
African American 1.1% 12.2%
American Indian 0.7% 0.6%
Asian 3.5% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.8% 2.8%
Hispanic 3.7% 18.2%
Other 0.5% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Prior Lake USA
Less than $10,000 2.6% 5.8%
$10,000 to $14,999 1.3% 4.1%
$15,000 to $24,999 4.5% 8.5%
$25,000 to $34,999 4% 8.6%
$35,000 to $49,999 8.1% 12.0%
$50,000 to $74,999 15.8% 17.2%
$75,000 to $99,999 10.3% 12.8%
$100,000 to $149,999 20.5% 15.6%
$150,000 to $199,999 11.2% 7.1%

EDUCATION

Education Prior Lake USA
< 9th Grade -1% 5.0%
9-12th Grade 2% 7.0%
High School or GED 15% 27.0%
Other College 21% 20.0%
Associate's Degree 14% 9%
Bachelor's Degree 35% 20.0%
Master's Degree 11% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 1% 1.0%
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. The unemployment rate of Prior Lake remained 2%, which is 57% lower than national rate.

Cost of living in Prior Lake is 115, which is 15% higher than national average. In Prior Lake, only 49% of adults have a bachelor's degree and 35% have some college but no degree. 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.
Prior Lake Scorecard

Jobs90%

Housing85%

Affordability85%

Safety60%

Amenities85%

Diversity60%

Education95%

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