Housing costs in Prior Lake?
A typical home costs
$456,300, which is 35.0% more expensive than the national average of
$338,100 and 47.4% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Prior Lake costs
$1,490 per month, which is 20.2% more than the national average of
$1,240 and 6.0% more than the state average of
$1,400.
Can I afford Prior Lake?
To live comfortably in Prior Lake (zip 55372), Minnesota, a minimum annual income of
$87,480 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Prior Lake?
The cost of living in 55372 Prior Lake, MN is slightly higher than the national average. According to a recent survey, the median home value in Prior Lake is $395,700 which is much higher than the national median home value of $219,700. Additionally, other costs such as groceries and transportation are also slightly higher than the national averages. Despite this, it can be said that living in Prior Lake still offers a fairly affordable cost of living compared to many other cities across the country.