Prior Lake is a medium-sized city located in the state of Minnesota. With a population of 26,401 people and five constituent neighborhoods, Prior Lake is the 45th largest community in Minnesota.
Prior Lake real estate is some of the most expensive in Minnesota, although Prior Lake house values don't compare to the most expensive real estate in the U.S.
Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Prior Lake is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Prior Lake is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in Prior Lake who work in sales jobs (13.56%), management occupations (13.35%), and office and administrative support (11.13%).
Also of interest is that Prior Lake has more people living here who work in computers and math than 95% of the places in the US.
Because of many things, Prior Lake is a great place for families with children to consider. First of all, many other families with children live here, making Prior Lake a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Prior Lake has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Prior Lake’s overall crime rate is lower than average for the country.
Prior Lake is one of the most well-educated cities in the nation. 44.67% of adults in Prior Lake have at least a bachelor's degree. Compare that to the average community in America, which has just 21.84% with a bachelor's degree or higher.
The per capita income in Prior Lake in 2010 was $43,046, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $172,184 for a family of four.
Prior Lake is a somewhat ethnically-diverse city. The people who call Prior Lake home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Prior Lake residents report their race to be White, followed by Asian. Important ancestries of people in Prior Lake include German, Norwegian, Irish, Swedish, and English.
The most common language spoken in Prior Lake is English. Other important languages spoken here include Spanish and Vietnamese.