Corcoran, MN
Population 6,854 · Minnesota
About Corcoran, MN
Corcoran is a small town located in Minnesota with a population of 6,854 residents according to the latest US Census Bureau American Community Survey data. The median household income is $143,250 per year, which is 91% above the national median of $75,149. The median age of 41.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Corcoran features a median home value of $540,100, which is 121% above the national median of $244,900. This places Corcoran in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 2,527 total housing units, 95% are owner-occupied (2,372 units) and 5% are renter-occupied (133 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Corcoran shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Corcoran have an average one-way commute time of 25.3 minutes.
Education & Demographics
52.8% of Corcoran residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.2% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 15.7% of the population being foreign-born.
How Corcoran Ranks in Minnesota
Cost of Living in Corcoran, MN
Compared to national averages, Corcoran has a median household income of $143,250 (91% above the national median of $75,149). Home values average $540,100, which is 121% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Corcoran's income is 93% above the state average of $74,221, and home values are 164% above the state median of $204,472.
Why Live in Corcoran, MN?
Corcoran offers a strong local economy with a median household income of $143,250, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a well-educated community where 52.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $540,100. However, Corcoran’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Corcoran has a population of 6,854 with a median age of 41.5 years. Compare Corcoran with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Corcoran
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Medina | 6,858 | $219,181 | $660,800 | Compare |
| Stewartville | 6,754 | $65,714 | $258,000 | Compare |
| Kasson | 6,964 | $87,295 | $264,500 | Compare |
| Delano | 6,712 | $118,091 | $347,500 | Compare |
| Spring Lake Park | 6,997 | $77,112 | $281,800 | Compare |
| Jordan | 6,704 | $110,139 | $319,000 | Compare |
| Isanti | 7,023 | $84,412 | $264,600 | Compare |
| St. Joseph | 7,024 | $75,217 | $240,300 | 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 Corcoran With Other Cities
Frequently Asked Questions about Corcoran
What is the population of Corcoran, MN?
The population of Corcoran, MN is 6,854 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 Corcoran?
The median household income in Corcoran, MN is $143,250 per year, which is 91% above the national median of $75,149.
What is the median home value in Corcoran?
The median home value in Corcoran, MN is $540,100, which is 121% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Corcoran?
The median monthly rent in Corcoran, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Corcoran?
The unemployment rate in Corcoran, MN is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Corcoran, MN a good place to live?
Corcoran offers above-average incomes, a competitive housing market, and a strong job market. With a population of 6,854 and a median age of 41.5, the city appeals to a broad range of residents.
How educated is Corcoran, MN?
52.8% of residents in Corcoran aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Corcoran?
Key cost-of-living indicators for Corcoran, MN: median home value is $540,100 (121% above national), median rent is $0/month, and median household income is $143,250. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Corcoran?
The poverty rate in Corcoran, MN is 3.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Corcoran, MN?
Corcoran's population is 1.2% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.3% two or more races. 15.7% of residents are foreign-born.