Prior Lake, MN Profile: Facts & Data

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Prior Lake, Minnesota - Basic Facts

The City of Prior Lake had a population of 26,849 as of July 1, 2019. Prior Lake ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Prior Lake is located at latitude 44.7133 and longitude -93.4227 in Scott County. The formal boundaries for the City of Prior Lake encompass a land area of 15.96 sq. miles and a water area of 3.19 sq. miles. Scott County is in the Central time zone (GMT -6). The elevation is 948 feet.

The City of Prior Lake (GNIS ID: 2396284) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Prior Lake: City of Prior Lake.

Jump to... (On This Page!)
  1. Prior Lake 2019 Demographic Data
  2. Growth Rates for Prior Lake (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Prior Lake, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Prior Lake, MN Housing Affordability Index is 155
State of Minnesota Housing Affordability Index is 135
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Prior Lake, MN Wealth Index is 171
State of Minnesota Wealth Index is 112
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  1. For information about schools and school attendance zones, use the HTL Address Tool
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  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 26,849 (100%)
Population in Households 26,798 (99.8%)
Population in Families 22,848 (85.1%)
Population in Group Quarters1 51 ( 0.2%)
Population Density 1,688
Diversity Index2 27
 

INCOME

Median Household Income $107,537
Average Household Income $130,403
Per Capita Income $48,154
Wealth Index4 171

HOUSING

Total Housing Units 10,339 (100%)
Owner Occupied HU 8,182 (79.1%)
Renter Occupied HU 1,694 (16.4%)
Vacant Housing Units 463 ( 4.5%)
Median Home Value $332,642
Housing Affordability Index3 155
 

HOUSEHOLDS

Total Households 9,876
Average Household Size 2.71
Family Households 7,217
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.78% 1.6%
Households 1.7% 1.55%
Families 1.63% 1.5%
Median Household Income   1.52%
Per Capita Income   2.18%

Prior Lake, MN - Peer Comparisons by Rank and Percentile

The table below compares Prior Lake to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 36 96th
Population Density # 111 88th
Diversity Index # 202 78th
Median Household Income # 36 96th
Per Capita Income # 46 95th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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