Eden Prairie, MN vs Prior Lake, MN

Prior Lake is moderately more affordable than Eden Prairie, with a 7.8% lower cost of living index. Eden Prairie scores 128 compared to 119 for Prior Lake, where the US average is 100. This difference means residents of Eden Prairie can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Eden Prairie is $1,761/month compared to $1,548/month in Prior Lake — a 14% difference. Home values follow the same pattern: Prior Lake is more affordable at $429,900 median vs $463,300.

Median household income in Eden Prairie is $127,732 compared to $130,278 in Prior Lake (-2%). Prior Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Eden Prairie spend roughly 16.5% of their income on rent, more than the 14.3% in Prior Lake.