Eagan, MN vs Prior Lake, MN

Eagan, MN and Prior Lake, MN have a very similar cost of living, with only a 2% difference in their overall index. Eagan scores 116 while Prior Lake scores 119 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Eagan is $1,604/month compared to $1,548/month in Prior Lake — a 4% difference. Interestingly, home values tell a different story: while Prior Lake has cheaper rent, Eagan actually has lower median home values ($380,800 vs $429,900).

Median household income in Eagan is $107,486 compared to $130,278 in Prior Lake (-17.5%). While Prior Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Eagan spend roughly 17.9% of their income on rent, more than the 14.3% in Prior Lake.