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Prior Lake has a population of approximately 27,242 and experiences a population change rate of 71.15%. The population density is 1,712.9 / sq mi .
The median household income for Prior Lake is $115,837, with 9,924 households and an average household size of 2.74.
The median value of a home in Prior Lake is $486,900 with an appreciation rate of 11.00%. 83.67% of housing in the state is owned while 13.62% is rented.
The cost of living in Prior Lake is 126.7 %.
The unemployment rate in Prior Lake is 2.30%, and recent job growth is at 0.53%. Future job growth is projected at 32.31%.
The sales tax rate in Prior Lake is 7.38%, while the income tax rate is 6.80% .
School expenditures in Prior Lake are $16,898, and the school ratio is 18.2:1.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 5.5 degrees. The average rainfall is approximately 31 inches per year, with 45.8 inches of snow per year.
