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Prior Lake, MN

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
101
Average
Median Home Value
$429,900
National: $426,735
Median Rent
$1,548/mo
National: $1,527/mo
Household Income
$130,278
National: $84,532
Population
27,832
Purchasing Power
153
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
101 / 100
100 = national average
Rent Index
101 / 100
Overall Index
101
Average

Prior Lake Mortgage Calculator

Pre-filled with the local median home value of $429,900 and Minnesota's property tax rate of 1.11%.

Salary & Purchasing Power

Median household income is $130,278 54% above the national average.

What $130,278 in Prior Lake Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$194,772+50%
Los Angeles, CA$219,280+68%
Chicago, IL$104,480-20%
Houston, TX$91,582-30%

Property Tax in Prior Lake, MN

Est. Annual Property Tax
$4,772
Monthly Impact
$398
Added to your mortgage
Effective Rate
1.11%
National avg: ~1.00%

Minnesota Tax Overview

Tax TypeMinnesotaNational Avg
Property Tax Rate1.11%1.00%
Top Income Tax Rate9.85%~5.0%
State Sales Tax7.54%~5.0%

Compare Prior Lake to Another City

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Cost of Living Comparison

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Prior Lake, MN
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Prior Lake, MN: 101
Rent Prices
101
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR