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The total population of Prior Lake is estimated to be 27,608 with 13,572 males (49.16%) and 14,036 females (50.84%). There are 464 more females than males in Prior Lake.
The median household income in Prior Lake was $125,210 in 2021, which marked an an increase of 2,286(1.86%) from $122,924 in 2020. This income is 167.83% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Prior Lake sees its highest median household income among householders in the age group of 45 to 64 years old, at $149,462. Overall, the median household income for the city of Prior Lake stands at $125,210.
In Prior Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $70,029 for males and $44,851 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $91,841 for males and $68,204 for females.
In Prior Lake, the demographic landscape is diverse, spanning 6 distinct racial categories among households. Among these, American Indian and Alaska Native households have the highest median household income at $270,229, while Some Other Race households represent the opposite end with the lowest median household income of $58,949.
In 2022, the population of Prior Lake was 28,133, a 0.00% increase year-by-year from 2021. Previously, in 2021, Prior Lake's population was 28,132, an increase of 1.82% compared to a population of 27,628 in 2020.
The median age in Prior Lake, MN is 39.6, as per 2021 ACS 5-Year Estimates. Of the total population, 21.36% were under the age of 15, 17.26% aged 15 to 29, 48.52% aged 30 to 64, 11.56% aged 65 to 84, and 1.30% were 85 years of age and older.
Racial distribution of Prior Lake population: 88.65% are White, 1.04% are Black or African American, 0.73% are American Indian and Alaska Native, 3.88% are Asian, 0.01% are Native Hawaiian and other Pacific Islander, 1.75% are some other race and 3.95% are multiracial.