Last updated: 2024 BLS data · Page refreshed:
Prior Lake has a population of 28,016 with a median age of 39.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 28,016 |
| Median Age | 39.6 |
| White | 80.8% |
| Black or African American | 2.2% |
| Asian | 5.5% |
| Hispanic or Latino | 5.8% |
| Other / Two or More Races | 5.7% |
The median household income in Prior Lake is $134,255, which is 66.5% above the national median of $80,610. The per capita income is $62,573. The poverty rate is 3.1%.
The unemployment rate in Prior Lake is 2.6%, compared to the national rate of 4.1%.
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In Prior Lake, 96.2% of residents age 25+ have a high school diploma or higher, and 52.4% hold a bachelor's degree or higher (15.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.2% |
| Bachelor's Degree or Higher | 52.4% |
| Graduate or Professional Degree | 15.1% |
The median home value in Prior Lake is $450,700, above the national median of $303,400. The median monthly rent is $1,654. The homeownership rate is 86.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $450,700 |
| Median Monthly Rent | $1,654 |
| Homeownership Rate | 86.2% |
| Vacancy Rate | 3.7% |
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