Living in Cottonwood, Minnesota

Cost of living, income, home prices, rent and demographics of Cottonwood · Census data 2020–2024

Cottonwood has 1,061 residents with a median age of 37.9. The median household income is $97,500 (9% higher than the Minnesota median), the median home value is $176,200, the median rent is $683/month.

Cottonwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.

Cottonwood at a glance

Population
1,061
Median age
37.9State: 38.8
Median household income
$97,500State: $89,062
Median home value
$176,200State: $329,300
Median rent
$683/moState: $1,280
Homeowners
78%
Bachelor's degree or higher
27.9%
Average commute
14 min

Is Cottonwood a good place to live?

Pros: Median household income 9% higher than the Minnesota median; home values 46% lower than the state median; an average commute of 14 minutes; unemployment of 1.3%; a poverty rate of 7.1%.

The weather is best in June to September.

Cost of living in Cottonwood

Housing is the biggest part of the cost of living. In Cottonwood the median home value is $176,200, 47% lower than the U.S. median. Renters pay a median of $683 per month, which is 28.9% of household income. Homeowners with a mortgage pay $1,538 a month in housing costs.

Median home value

Cottonwood$176,200
Minnesota$329,300
United States$332,700

Median monthly rent

Cottonwood$683
Minnesota$1,280
United States$1,413

Cottonwood median household income

The median household income in Cottonwood is $97,500 and the income per person is $46,395. 7.1% of residents live below the poverty line (Minnesota: 9.3%).

Median household income

Cottonwood$97,500
Minnesota$89,062
United States$80,734

Housing in Cottonwood: homes for sale and rent

Housing units
511
Owner-occupied
78%
Renter-occupied
22%
Vacant
10%Includes seasonal homes
Median year built
1973
Average household size
2.30

Cottonwood demographics

Population
1,061
Median age
37.9
Under 18
25.9%
65 and older
17.5%
Households
460
Foreign-born
2.9%
Veterans
4.3%Adults 18+

Race and ethnicity

White91%
Hispanic or Latino4.6%
Black0.8%
Asian0.3%

Hispanic or Latino can be of any race. Population history of Cottonwood ›

Education in Cottonwood

27.9% of adults 25 and older in Cottonwood have a bachelor's degree or higher (Minnesota: 39.4%), and 6.9% have a graduate or professional degree.

Bachelor's degree or higher

Cottonwood27.9%
Minnesota39.4%
United States35.7%

Jobs and commute in Cottonwood

Unemployment rate
1.3%State: 4.1%
Average commute
14 minState: 23 min
Work from home
10%
Drive alone
79.7%
Public transit
0%
Walk to work
3.6%
Homes with broadband
90.7%

Cottonwood vs nearby towns

TownPopulationMedian incomeHome valueRent
Cottonwood1,061$97,500$176,200$683
Hanley Falls248$61,563$75,300$630
Wood Lake368$65,000$91,700$628
Marshall13,896$68,566$210,300$779
Ghent439$94,000$150,000$936
Echo197$70,833$103,600$617
Clarkfield913$63,359$95,600$833
Milroy203$59,583$112,500$567
Vesta311$66,875$105,600—

More for people moving to Cottonwood

Cottonwood ZIP code ›Weather and climate ›

Living in Cottonwood: FAQ

What is the median household income in Cottonwood, MN?

The median household income in Cottonwood is $97,500, 9% 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 Cottonwood?

The median home value in Cottonwood is $176,200, compared with $329,300 in Minnesota.

How much is rent in Cottonwood?

The median gross rent in Cottonwood is $683 per month, about 28.9% of household income.

Is Cottonwood, MN a good place to live?

Pluses: median household income 9% higher than the Minnesota median; home values 46% lower than the state median; an average commute of 14 minutes; unemployment of 1.3%; a poverty rate of 7.1%.

What is the median age in Cottonwood?

The median age in Cottonwood is 37.9 years (Minnesota: 38.8).

How long is the commute in Cottonwood?

The average commute to work in Cottonwood is 14 minutes; 10% of workers work from home.

What is the unemployment rate in Cottonwood?

The unemployment rate in Cottonwood is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).

How educated is Cottonwood?

27.9% of adults in Cottonwood 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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