Cokato, MN
Population 2,780 · Minnesota
About Cokato, MN
Cokato is a small town located in Minnesota with a population of 2,780 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,090 per year, which is 5% below the national median of $75,149. The median age of 32.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Cokato features a median home value of $216,100, which is 12% below the national median of $244,900. This positions Cokato in a moderately priced market relative to the rest of the country. Median monthly rent is $926, 20% below the national average of $1,163/month. Of the 1,093 total housing units, 67% are owner-occupied (697 units) and 33% are renter-occupied (343 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cokato shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.5%, above the national average of 12.4%. Workers in Cokato have an average one-way commute time of 29 minutes.
Education & Demographics
14.5% of Cokato residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 12.0% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 2.8% Asian residents, with 6.4% of the population being foreign-born.
Cost of Living in Cokato, MN
Compared to national averages, Cokato has a median household income of $71,090 (5% below the national median of $75,149). Home values average $216,100, which is 12% below the national median. Monthly rent at $926 is 20% below the US average of $1,163. Within Minnesota, Cokato's income is 4% below the state average of $74,221, and home values are 6% above the state median of $204,472.
Why Live in Cokato, MN?
Cokato offers affordable housing with a median home value of $216,100, below the US average of $244,900, and rent that’s lower than the national average at $926/month, and a strong job market with an unemployment rate of just 3.1%.
Potential considerations include median household income ($71,090) that falls below the national average. However, Cokato’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cokato has a population of 2,780 with a median age of 32.6 years. Compare Cokato with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Cokato
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Albany | 2,800 | $75,417 | $226,000 | Compare |
| Barnesville | 2,757 | $83,333 | $218,300 | Compare |
| Caledonia | 2,825 | $69,792 | $148,500 | Compare |
| Roseau | 2,728 | $60,185 | $130,000 | Compare |
| Cohasset | 2,700 | $87,833 | $315,700 | Compare |
| Dodge Center | 2,864 | $77,552 | $175,900 | Compare |
| Mountain Iron | 2,865 | $81,607 | $180,700 | Compare |
| Chatfield | 2,693 | $91,912 | $216,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cokato With Other Cities
Frequently Asked Questions about Cokato
What is the population of Cokato, MN?
The population of Cokato, MN is 2,780 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Cokato?
The median household income in Cokato, MN is $71,090 per year, which is 5% below the national median of $75,149.
What is the median home value in Cokato?
The median home value in Cokato, MN is $216,100, which is 12% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cokato?
The median monthly rent in Cokato, MN is $926, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Cokato?
The unemployment rate in Cokato, MN is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cokato, MN a good place to live?
Cokato offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,780 and a median age of 32.6, the city appeals to young professionals and families.
How educated is Cokato, MN?
14.5% of residents in Cokato aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Cokato?
Key cost-of-living indicators for Cokato, MN: median home value is $216,100 (12% below national), median rent is $926/month, and median household income is $71,090. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cokato?
The poverty rate in Cokato, MN is 12.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Cokato, MN?
Cokato's population is 12.0% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 2.8% Asian, and 0.4% two or more races. 6.4% of residents are foreign-born.