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Prior Lake is considered a Large Town with a population of 26,401 and 2,792 businesses. 16 in 2018 were added to the Prior Lake Chamber of Commerce business directory which was less than 2017 which had 20.

The economy of Prior Lake employs 18,877 people and has an unemployment rate of 3.5%. Some of the largest industries in Prior Lake are Professional Services (484),Personal Services & Consultants (127), and Builders & Contractors (118).
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