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A- Prior Lake Amenities Lots of amenities close to this location
F Prior Lake Cost of Living Cost of living is 13% higher than Minnesota
Prior Lake
11818% more expensive than the US average
1044% more expensive than the US average
United States
100National cost of living index
Prior Lake cost of living
B+ Prior Lake Crime Total crime is 3% higher than Minnesota
Total crime
2,28012% lower than the US average
Chance of being a victim
1 in 4412% lower than the US average
Year-over-year crime
50%Year over year crime is up
Prior Lake crime
B+ Prior Lake Employment Household income is 60% higher than Minnesota
Median household income
$101,12883% higher than the US average
Income per capita
$42,72543% higher than the US average
Unemployment rate
3%42% lower than the US average
Prior Lake employment
B Prior Lake Housing Home value is 49% higher than Minnesota
Median home value
$286,10055% higher than the US average
Median rent price
$1,06112% higher than the US average
Home ownership
82%28% higher than the US average
Prior Lake real estate or Prior Lake rentals
A+ Prior Lake Schools HS graduation rate is 5% higher than Minnesota
High school grad. rates
94%13% higher than the US average
School test scores
69%40% higher than the US average
Student teacher ratio
15:19% lower than the US average
Prior Lake K-12 schools

Living in Prior Lake, MN

Prior Lake, Minnesota is a medium-sized city with a population of 24,997 inhabitants. If we look at the most recent Census, Prior Lake is known to have a predominantly White population. The next two most common races are Asian and American Indian and Alaskan. If you are looking for a family friendly city, Prior Lake might be a good fit as 86% of the population over 15 years old are married, and 48% have kids who are 18 years old or younger.

Without the right tools, moving to any new area can be very stressful and challenging. Living in Prior Lake, Minnesota could be a fulfilling experience for anyone who puts in the effort to do the research required. Finding the best places to live in Prior Lake and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, housing and other important metrics.

Using data and statistics Prior Lake has received a livability score of 79 out of 100. This score is ranked in the 91st percentile when compared to all other cities. Compared to the national average, Prior Lake ranks among some of the best places to live in the country! Prior Lake is also ranked in the top 10 percentile of all cities across the USA. There are seven total categories that create the livability score. Prior Lake scores well for amenities (A-), crime (A), education (A+), employment (B+) and housing (B). There is at least one category that did not score well in Prior Lake. The following was graded with a disappointing score: cost of living (F) and weather (F).

Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Prior Lake, there is no shortage of amazing local amenities and interesting things to do.

Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Prior Lake has a violent crime rate of 114 crimes per 100,000 residents which is far lower than the national average.

School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Prior Lake have a test score average of 69%, which is well above the US average.

Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Prior Lake has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.

Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Prior Lake is real estate affordability. The median home price for Prior Lake homes is $286,100, which is 49.4% higher than the Minnesota average. If we take a closer look at the affordability of homes in Prior Lake, we’ll see that the home price to income ratio is 2.8, which is 6.7% lower than the Minnesota average. Real estate appreciation rates in Prior Lake are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Prior Lake homes comes in at 5.3%, and the 5 year appreciation rates were 7.2%.

Check Your Commute Time

Monthly costs include: fuel, maintenance, tires, insurance, license fees, taxes, depreciation, and financing.
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Compare Prior Lake, MN Livability To Other Cities

Best Neighborhoods In & Around Prior Lake, MN

PlaceLivability scoreScoreMilesPopulationPop.
Diamond Lake, Minneapolis8014.75,735
Morris Park, Minneapolis8016.22,899
Hale, Minneapolis7915.63,318
Kenny, Minneapolis7813.83,863
PlaceLivability scoreScoreMilesPopulationPop.
Armatage, Minneapolis7813.54,528
Fulton, Minneapolis7714.26,092
Minnehaha, Minneapolis7717.14,224
Windom, Minneapolis7614.14,028

Best Cities Near Prior Lake, MN

PlaceLivability scoreScoreMilesPopulationPop.
Champlin, MN843123,929
Gem Lake, MN8330.4463
Falcon Heights, MN8322.35,534
Eden Prairie, MN818.563,206
PlaceLivability scoreScoreMilesPopulationPop.
Savage, MN814.229,399
Northfield, MN8122.920,405
Circle Pines, MN8132.64,947
New Prague, MN8114.17,534

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Prior Lake, MN: A Laid Back Minneapolis Suburb

Prior Lake is an upscale town not too far from Minneapolis. The town is fairly expensive and has a high standard of living, but it's a bit lacking in terms of shopping and entertainment. For those things, you'll probably have to venture into a surrounding town. What Prior Lake does have plenty of, however, are beautiful spots throughout town to visit. Lower Prior Lake is one such location and is probably the best area in Prior Lake. During the summer, it's a fun, busy place.

It's easy enough to find a good job in the area, mainly because Minneapolis is so close. There's a good amount of finance and tech companies in the area, and it's very conducive to new business and entrepreneurs. If you've recently graduated from college and are looking to jump into a career or to branch out on your own, Prior Lake is a nice town that can offer you a lot of options.
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Reason for reporting
Source: The Prior Lake, MN data and statistics displayed above are derived from the 2016 United States Census Bureau American Community Survey (ACS).
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