Prior Lake is a medium-sized city located in the state of Minnesota. With a population of 28,027 people and seven associated neighborhoods, Prior Lake is the 36th largest community in Minnesota. There's nothing like the smell of a brand new house, and in Prior Lake, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Prior Lake, and putting down their money on brand new construction. Prior Lake鈥檚 real estate is, on average, some of the newest in the nation. Prior Lake does seem to be experiencing an influx of affluent people, because the median household income is $130,278.00. 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, Prior Lake isn鈥檛 mainly white- or blue-collar. Instead, the most prevalent occupations for people in Prior Lake are a mix 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 management occupations (14.48%), sales jobs (12.67%), and office and administrative support (9.80%). 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. Telecommuters are a relatively large percentage of the workforce: 21.97% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. 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鈥檚 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鈥檚 overall crime rate is lower than average for the country.If knowledge is power, Prior Lake is a pretty powerful place. 51.49% of the adults in Prior Lake have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns. The per capita income in Prior Lake in 2022 was $63,391, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $253,564 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, English, and Polish. The most common language spoken in Prior Lake is English. Other important languages spoken here include Spanish and Slavic languages.