Living in Corcoran, Minnesota
Cost of living, income, home prices, rent and demographics of Corcoran · Census data 2020–2024
Corcoran has 7,302 residents with a median age of 41.9. The median household income is $133,423 (50% higher than the Minnesota median), the median home value is $569,400.
Corcoran at a glance
- Population
- 7,302
- Median age
- 41.9State: 38.8
- Median household income
- $133,423State: $89,062
- Median home value
- $569,400State: $329,300
- Homeowners
- 95.1%
- Bachelor's degree or higher
- 54.6%
- Average commute
- 25 min
Is Corcoran a good place to live?
Pros: Median household income 50% higher than the Minnesota median; unemployment of 1.1%; a poverty rate of 3.6%.
Cons: Home values 73% higher than the state median; an average commute of 25 minutes.
The weather is best in June to September.
Cost of living in Corcoran
Housing is the biggest part of the cost of living. In Corcoran the median home value is $569,400, 71% higher than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $2,714 a month in housing costs.
Corcoran median household income
The median household income in Corcoran is $133,423 and the income per person is $67,146. 3.6% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Corcoran: homes for sale and rent
- Housing units
- 2,842
- Owner-occupied
- 95.1%
- Renter-occupied
- 4.9%
- Vacant
- 2.7%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.64
Corcoran demographics
- Population
- 7,302
- Median age
- 41.9
- Under 18
- 23.8%
- 65 and older
- 24%
- Households
- 2,766
- Foreign-born
- 16.5%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Corcoran ›
Education in Corcoran
54.6% of adults 25 and older in Corcoran have a bachelor's degree or higher (Minnesota: 39.4%), and 16% have a graduate or professional degree.
Jobs and commute in Corcoran
- Unemployment rate
- 1.1%State: 4.1%
- Average commute
- 25 minState: 23 min
- Work from home
- 29.2%
- Drive alone
- 63.1%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 92.3%
Corcoran vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Corcoran | 7,302 | $133,423 | $569,400 | — |
| Loretto | 784 | $114,167 | $361,500 | $630 |
| Medina | 6,968 | $230,859 | $736,700 | $1,429 |
| Rogers | 13,685 | $158,750 | $459,700 | $1,789 |
| Hanover | 3,626 | $156,536 | $447,900 | $1,853 |
| Greenfield | 2,894 | $153,750 | $567,700 | — |
| Maple Grove | 71,173 | $132,731 | $418,300 | $1,868 |
| Dayton | 9,095 | $148,947 | $511,300 | $1,651 |
| Maple Plain | 1,701 | $93,750 | $359,900 | $1,140 |
More for people moving to Corcoran
Corcoran ZIP code ›Weather and climate ›Living in Corcoran: FAQ
What is the median household income in Corcoran, MN?
The median household income in Corcoran is $133,423, 50% 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 Corcoran?
The median home value in Corcoran is $569,400, compared with $329,300 in Minnesota.
Is Corcoran, MN a good place to live?
Pluses: median household income 50% higher than the Minnesota median; unemployment of 1.1%; a poverty rate of 3.6%. Minuses: home values 73% higher than the state median; an average commute of 25 minutes.
What is the median age in Corcoran?
The median age in Corcoran is 41.9 years (Minnesota: 38.8).
How long is the commute in Corcoran?
The average commute to work in Corcoran is 25 minutes; 29.2% of workers work from home.
What is the unemployment rate in Corcoran?
The unemployment rate in Corcoran is 1.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Corcoran?
54.6% of adults in Corcoran 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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