Prior Lake, MN is a lovely city located in Scott County with a population of 55,372. It's known for its close proximity to the larger cities of Minneapolis and St. Paul, as well as its strong sense of community and beautiful natural surroundings. The rent for a two bedroom apartment is $1,490 compared to the US average of $1,430. The cost of groceries is also higher than the national average at 103 versus 100. There are many local businesses in Prior Lake including a variety of restaurants, stores, and entertainment venues. Some popular local destinations include Mystic Lake Casino Hotel & Golf Course, Valley Fair Mall Shopping Center, Stonebrooke Golf Club, Prior Lake Veterinary Clinic and Prior Lake City Hall. In addition to shopping and dining options there are plenty of outdoor activities like boating on Prior Lake or exploring the nearby Minnesota Valley National Wildlife Refuge which offers scenic hiking trails and wildlife observation areas.
Prior Lake (zip 55372) has an unemployment rate of 3.8%. The US average is 6.0%.
Prior Lake (zip 55372) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 39.9%, which is higher than the US average of 33.5%.
Tax Rates for Prior Lake (zip 55372)
- The Sales Tax Rate for Prior Lake (zip 55372) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Prior Lake (zip 55372) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Prior Lake (zip 55372)
- The average income of a Prior Lake (zip 55372) resident is $41,835 a year. The US average is $28,555 a year.
- The Median household income of a Prior Lake (zip 55372) resident is $122,563 a year. The US average is $69,021 a year.