Today, the lake's biggest draw is tourism. There are several large private resorts on the lake including Cavanaugh's Resort, Elkins Resort and Hill's Resort. Popular campgrounds include Indian Creek and Lionhead run by the State of Idaho as well as Beaver Creek, Reeder Bay, Osprey, Outlet Bay, and Luby Bay, which are all located in and run by the Idaho Panhandle National Forest. Several hiking trails circle the lake, also connecting to the Upper Priest Lake. In the wintertime, the larger resorts cater to cross-country skiing, snowshoeing, and snowmobiling. There is also a bed and breakfast - the historic
Old Northern Inn, Coolin Motel, Nordman Resort (Nordman, Idaho), and three marinas, one located at the lake's largest town,
Coolin. The Priest Lake Public Library, located at the corner of Luby Bay Road and Highway 57, is open year-round. Housed in the historic Lamb Creek School, the library has wireless internet access and an extensive local history collection. The Priest Lake Museum, located in a 1935 USFS Guard Station on Luby Bay, hosts exhibits and programs on the area's rich heritage. The area is known for its
huckleberries which visitors are encouraged to hike in and pick. ==Weather==