Cost of Living in Prior Lake, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
178.3
100 = national avg
+78.3 vs national average
Living Wage (1 Adult)
$78,469
per year
Living Wage (Family of 4)
$185,471
per year
Cost Index by Category
Housing192.5
Food149.6
Transportation199.2
Healthcare139.7
Utilities148.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Prior Lake is 178.3, which is 78.3% above the national average. Housing costs are above the national average at an index of 192.5. A single adult needs to earn approximately $78,469 per year to cover basic expenses.