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.
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%).
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+
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.
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
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cottonwood | 1,061 | $97,500 | $176,200 | $683 |
| Hanley Falls | 248 | $61,563 | $75,300 | $630 |
| Wood Lake | 368 | $65,000 | $91,700 | $628 |
| Marshall | 13,896 | $68,566 | $210,300 | $779 |
| Ghent | 439 | $94,000 | $150,000 | $936 |
| Echo | 197 | $70,833 | $103,600 | $617 |
| Clarkfield | 913 | $63,359 | $95,600 | $833 |
| Milroy | 203 | $59,583 | $112,500 | $567 |
| Vesta | 311 | $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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