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All about

Prior Lake, MN

Prior Lake, a town in Minnesota, has a population of just under 25,000. The city's residents, at an average age of just over 37, skew younger than most cities in Minnesota. Renters tend to be in the minority in the area, and 83% of residents own their homes. Relatively high rent costs may be playing a role, as the average rent of $1,266 per month is substantially higher than the state average of $991.

Prior Lake has a relatively high number of residents over the age of 25 with a Bachelor's, Master's, Professional, or Doctoral degree (29%) compared to the national average (21%). Workers are spread across a plethora of industries in Prior Lake. The four most common are retail, manufacturing, entertainment, and healthcare. Together, these industries account for 28% of the city's workforce. Meanwhile, looking at job function, 10% of the city's population works in sales, which ranks as the top profession in the city. With an average annual income of just over $106,000, Prior Lake workers bring in more than their peers elsewhere in the state. The city's average income also compares favorably to the national average of $73,345.

Prior Lake residents have an average commute of about 30 minutes, longer than the Minnesota average of about 25 minutes. Many residents (46%) drive themselves to work, while public transit is not used much. Walking isn't a common way to get to work.

Average Rent in Prior Lake

Studio1 Bed2 Bed3 Bed
Dec 19$760$877$1,025$1,265
Oct 197608771,0251,265
Sep 197601,3301,0951,265
Aug 197401,3301,0951,265
Jul 197401,3301,0951,265
Jun 197401,3301,0951,265
May 197151,2251,0951,265
Apr 197151,2251,0951,265
Mar 197151,3451,0951,265
Feb 197151,3451,0951,265
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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