Living in Cologne, Minnesota
Cost of living, income, home prices, rent and demographics of Cologne · Census data 2020–2024
Cologne has 2,282 residents with a median age of 37.1. The median household income is $129,398 (45% higher than the Minnesota median), the median home value is $383,600, the median rent is $585/month.
Cologne at a glance
- Population
- 2,282
- Median age
- 37.1State: 38.8
- Median household income
- $129,398State: $89,062
- Median home value
- $383,600State: $329,300
- Median rent
- $585/moState: $1,280
- Homeowners
- 90.8%
- Bachelor's degree or higher
- 42.1%
- Average commute
- 27 min
Is Cologne a good place to live?
Pros: Median household income 45% higher than the Minnesota median; unemployment of 4%; a poverty rate of 5.2%.
Cons: Home values 16% higher than the state median; an average commute of 27 minutes.
The weather is best in June to September.
Cost of living in Cologne
Housing is the biggest part of the cost of living. In Cologne the median home value is $383,600, 15% higher than the U.S. median. Renters pay a median of $585 per month, which is 34.9% of household income. Homeowners with a mortgage pay $2,238 a month in housing costs.
Cologne median household income
The median household income in Cologne is $129,398 and the income per person is $55,375. 5.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Cologne: homes for sale and rent
- Housing units
- 902
- Owner-occupied
- 90.8%
- Renter-occupied
- 9.2%
- Vacant
- 2.7%Includes seasonal homes
- Median year built
- 2004
- Average household size
- 2.60
Cologne demographics
- Population
- 2,282
- Median age
- 37.1
- Under 18
- 27.3%
- 65 and older
- 7.9%
- Households
- 878
- Foreign-born
- 2.8%
- Veterans
- 3.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Cologne ›
Education in Cologne
42.1% of adults 25 and older in Cologne have a bachelor's degree or higher (Minnesota: 39.4%), and 14.2% have a graduate or professional degree.
Jobs and commute in Cologne
- Unemployment rate
- 4%State: 4.1%
- Average commute
- 27 minState: 23 min
- Work from home
- 32.8%
- Drive alone
- 62.2%
- Public transit
- 0%
- Walk to work
- 0.3%
- Homes with broadband
- 98.1%
Cologne vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cologne | 2,282 | $129,398 | $383,600 | $585 |
| Waconia | 13,434 | $111,031 | $431,000 | $1,330 |
| Norwood Young America | 3,849 | $71,364 | $299,300 | $1,073 |
| Carver | 6,239 | $147,697 | $445,800 | $1,379 |
| Hamburg | 547 | $72,188 | $239,900 | $955 |
| Victoria | 11,295 | $195,639 | $581,200 | $2,235 |
| Chaska | 28,706 | $110,956 | $404,700 | $1,553 |
| St. Bonifacius | 1,997 | $109,922 | $355,800 | $1,270 |
| Mayer | 2,518 | $124,917 | $342,700 | $1,563 |
More for people moving to Cologne
Cologne ZIP code ›Weather and climate ›Living in Cologne: FAQ
What is the median household income in Cologne, MN?
The median household income in Cologne is $129,398, 45% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cologne?
The median home value in Cologne is $383,600, compared with $329,300 in Minnesota.
How much is rent in Cologne?
The median gross rent in Cologne is $585 per month, about 34.9% of household income.
Is Cologne, MN a good place to live?
Pluses: median household income 45% higher than the Minnesota median; unemployment of 4%; a poverty rate of 5.2%. Minuses: home values 16% higher than the state median; an average commute of 27 minutes.
What is the median age in Cologne?
The median age in Cologne is 37.1 years (Minnesota: 38.8).
How long is the commute in Cologne?
The average commute to work in Cologne is 27 minutes; 32.8% of workers work from home.
What is the unemployment rate in Cologne?
The unemployment rate in Cologne is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cologne?
42.1% of adults in Cologne have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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