Personal loans in Prior Lake, MN

The Prior Lake data picture

Set out below is Prior Lake's local context next to the state-level rules that reach every lender here.

• Population: the Census counts 28,027 residents in Prior Lake (Vintage 2023 subcounty estimate), the 36th-largest figure among Minnesota's 853 places.
• Population trend: Higher by roughly 1.5% since the 2020 count.
• Net change: roughly 415 more people than the 2020 Census counted.
• Size percentile: about 96% of Minnesota's Census places are smaller than Prior Lake.
• Density: the Census land area of 16.3 sq mi holds about 1,720 people per square mile.
• Land area: Prior Lake covers 16.3 square miles, the 83rd-largest area among Minnesota's 853 places.
• Water area rank: Prior Lake ranks 23rd among Minnesota's 853 places, with 3.25 sq mi.
• Share of Minnesota: Prior Lake holds about 0.6% of the state's population, some 28,027 people.
• National rank: Prior Lake is the 1,396th most populous of the 19,457 Census places covered here.
• Growth rank: Prior Lake ranks 202nd among Minnesota's 853 places for the 2020-to-2023 change.
• Versus Minnesota: the state average change is +0.1%, while Prior Lake moved 1.5%.
• Density rank: Prior Lake is the 106th most densely settled place in Minnesota.
• Density in context: Prior Lake's 1,720 people per square mile sit against a Minnesota median of 607.
• Location: 44.7256 / -93.4409, per the US Census Bureau Gazetteer.
• Nearest larger cities: Shakopee (4 mi); Savage (4 mi); Burnsville (8 mi); Eden Prairie (9 mi); Bloomington (9 mi). Online lenders reach Prior Lake no matter how far the nearest branch is.
• Nearest smaller towns: Credit River (5 mi); Carver (10 mi); Jordan (11 mi).
• Smaller places within 50 miles: 184 of them.
• Within 100 miles: 34 places are larger than Prior Lake.

How a Prior Lake personal loan is priced

In Prior Lake, a smaller city of about 28,027, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. The rate you see advertised is a range, not a promise, until a lender reviews your file in Prior Lake. Shortening the term on a Prior Lake loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

How Minnesota law applies in Prior Lake

This table holds the Minnesota rate and licensing rules for consumer loans made to Prior Lake's 28,027 residents.

How lenders reach Prior Lake

With about 1,720 residents per square mile, Prior Lake is moderately settled, and 31 larger Census places sit within 50 miles. Whether Prior Lake has a local branch or not, a Minnesota-licensed lender can serve its 28,027 people online on the same terms. For a larger market, the closest option is Shakopee, MN about 4 miles away.

Where Prior Lake sits

Prior Lake's land area is about 16.3 square miles; a further 3.25 square miles is water. With 28,027 residents, the land area yields roughly 1,720 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 18 miles away. Counting outward 50 miles, 31 larger communities surround Prior Lake. The 100-mile radius contains 34 larger places.

Prior Lake's place among Minnesota's 853 places

Prior Lake is the 36th-largest of 853 Census places in Minnesota and contains about 0.6% of the state's people. On the 2020-to-2023 trend, Prior Lake stands 202nd among Minnesota's 853 places — roughly the 76th percentile. By density, at about 1,720 people per square mile, it ranks 106th in Minnesota. The population moved by about 415 people between 2020 and 2023, a 1.5% shift.