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Prior Lake city, Minnesota

City

Population: 27,832 (2023 estimate)

Located in Minnesota , Minnesota

Census Bureau data for Prior Lake city from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Prior Lake city

What is the median household income in Prior Lake city?
The median household income in Prior Lake city is $130,278 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Prior Lake city?
The poverty rate in Prior Lake city is 1.4% (U.S. Census Bureau ACS 2023).
What is the median home value in Prior Lake city?
$429,900 (U.S. Census Bureau ACS 2023).
What is the average rent in Prior Lake city?
The median gross rent in Prior Lake city is $1,548 per month (U.S. Census Bureau ACS 2023).
What percentage of Prior Lake city residents have a college degree?
51.5% of adults in Prior Lake city hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
27,832
Median Income
$130,278
Median Home Value
$429,900
Poverty Rate
1.4%
Unemployment (ACS 2023)
1.2%
Median Age
39.0 yrs
Since 2019 Median Income: +$20,674 (+18.9%) Home Value: +$107,500 (+33.3%) Poverty Rate: -2.1 pp (-60%) Bachelor's+: +5.3 pp (+11.5%) Unemployment: -1.6 pp (-57.1%)

Demographics

Total Population 27,832
Median Age 39.0
Female 51.0%
Race & Ethnicity
Hispanic or Latino 5.0% White (non-Hisp.) 81.5% Black 1.6% Asian 5.5% Two or More 5.8% Other 2.2%
Asian Subgroups (% of total pop.)
Indian
1.3%
Chinese
0.8%
Vietnamese
0.6%
Filipino
0.5%
Korean
0.3%
Hispanic Subgroups (% of total pop.)
Mexican
2.3%
Puerto Rican
0.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $130,278 ±$9,539
+$42,722 vs. state
Per Capita Income $173,835
Median Family Income $149,271
Poverty Rate 1.4%
-4.1 pp vs. state
Child Poverty Rate 1.5%
Working-Age Poverty Rate
SNAP Recipients 2.8%
Social Security Income
Retirement Income 24.0%
Household Income Distribution
< $10k
1.7%
$10–15k
2.3%
$15–25k
1.6%
$25–35k
2.2%
$35–50k
6.1%
$50–75k
12.4%
$75–100k
11.5%
$100–150k
19.9%
$150–200k
13.1%
$200k+
29.3%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 10,423
Owner-Occupied 85.6%
Renter-Occupied 14.4%
Vacancy Rate 2.9%
Median Home Value $429,900
+$124,400 vs. state
Median Gross Rent $1,548
Owner Cost Burden (30%+) 9.2%
Renter Cost Burden (30%+) 39.6%
Home Value Distribution
< $50k
2.3%
$50–100k
0.9%
$100–200k
0.8%
$200–300k
14.1%
$300–500k
43.0%
$500k–$1M
30.2%
$1M+
6.9%
Gross Rent Distribution
< $500
4.5%
$500–1k
9.7%
$1–1.5k
34.0%
$1.5–2k
19.3%
$2–2.5k
21.3%
$2.5–3.5k
3.4%
$3.5k+
7.8%
Vehicle Availability
No vehicle
2.8%
1 vehicle
22.5%
2 vehicles
47.4%
3+
27.3%
Housing Type
Single-fam. det.
71.1%
Single-fam. att.
17.1%
2–4 units
0.3%
20+ units
9.5%
Housing Age
Pre-1940
1.1%
1940–1969
0.7%
1970–1999
11.7%
2000–2009
26.3%
2010+
17.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 96.5%
Bachelor's or Higher 51.5%
+12.7 pp vs. state
Graduate Degree 15.3%
Some College / Associate 18.9%
Less Than High School 1.5%
Enrolled in School

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 73.3%
Unemployment Rate 1.2%
-2.7 pp vs. state
Work from Home 22.0%
Self-Employed 5.2%
Government Workers 10.2%
Private For-Profit 84.6%
Industry
Edu/Health
19.3%
Manufacturing
15.0%
Prof. Services
12.2%
Retail
11.6%
Finance
9.0%
Arts/Entmt.
7.9%
Construction
7.1%
Transportation
4.7%
Wholesale
4.7%
Public Admin
2.9%
Information
1.8%
Agriculture
0.4%
Occupation
Management
47.9%
Sales
22.5%
Food Prep
12.3%
Production
10.1%
Construction
7.3%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 24.7 min
Drove Alone 68.1%
Carpool 6.7%
Public Transit 1.0%
Work from Home 22.0%
Walked 1.0%
Bicycle

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 10,118
Avg. Household Size 2.00
Avg. Family Size
Married-Couple Households 63.1%
Single-Mother Households
Single-Father Households
Living Alone
Households with Children 31.8%
Multigenerational

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
5.9%
5–9
6.5%
10–14
8.4%
15–19
7.0%
20–24
6.4%
25–34
9.8%
35–44
13.5%
45–54
14.2%
55–64
7.0%
65–74
6.6%
75–84
9.6%
85+
3.8%
Under 18: 25.7% Working age (18–64): 74.3% 65 and over: 14.8%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 6.9%
Naturalized Citizen 68.8%
Speaks English Less Than Very Well 2.7%
Foreign-Born Origin
Asia
59.0%
Latin America
19.7%
Europe
10.8%
Africa
5.7%

Veterans & Disability

Veteran 5.8%
With a Disability 9.4%
Cognitive Difficulty
Ambulatory Difficulty

Health Insurance

Insured 96.9%
Uninsured 3.1%
Employer Insurance
Medicaid
Medicare

Technology & Mobility

Broadband Internet 95.5%
Has a Computer 97.4%
Same House 1 Year Ago 90.5%
Moved from Abroad 0.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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