Cottonwood, MN
Population 1,120 · Minnesota
About Cottonwood, MN
Cottonwood is a small community in Minnesota with a population of 1,120 residents. The median household income is $90,750 per year, which is above the national average. The median age in Cottonwood is 37 years.
Housing in Cottonwood has a median home value of $180,200 and median monthly rent of $914. Of the 517 total housing units, the majority are owner-occupied, with 370 owner-occupied and 99 renter-occupied units.
The unemployment rate in Cottonwood is 3.6% and the poverty rate is 8.1%. 27.1% of residents hold a bachelor's degree or higher. The average commute time is 15 minutes.
Cost of Living in Cottonwood, MN
Compared to national averages, Cottonwood has a median household income of $90,750 (21% above the national median of $75,149). Home values average $180,200, which is 26% below the national median. Monthly rent at $914 is 21% below the US average of $1,163. Within Minnesota, Cottonwood's income is 22% above the state average of $74,221, and home values are 12% below the state median of $204,472.
Why Live in Cottonwood, MN?
Cottonwood offers a strong local economy with a median household income of $90,750, well above the national average, and affordable housing with a median home value of $180,200, below the US average of $244,900, and rent that’s lower than the national average at $914/month. Additionally, the city features a strong job market with an unemployment rate of just 3.6%, and a low poverty rate of 8.1%, better than the national average, and short commute times averaging just 15 minutes.
Cottonwood has a population of 1,120 with a median age of 37 years. Compare Cottonwood with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Cottonwood
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Baudette | 1,117 | $71,042 | $171,000 | Compare |
| Lake Shore | 1,117 | $96,923 | $532,500 | Compare |
| Hector | 1,111 | $59,762 | $124,100 | Compare |
| Fairfax | 1,134 | $53,750 | $99,800 | Compare |
| Lake St. Croix Beach | 1,106 | $100,134 | $334,600 | Compare |
| Dellwood | 1,145 | $208,125 | $729,800 | Compare |
| Elgin | 1,147 | $87,000 | $218,200 | Compare |
| Royalton | 1,092 | $64,643 | $201,500 | 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 Cottonwood With Other Cities
Frequently Asked Questions about Cottonwood
What is the population of Cottonwood, MN?
The population of Cottonwood, MN is 1,120 according to the latest Census data.
What is the median household income in Cottonwood?
The median household income in Cottonwood, MN is $90,750 per year.
What is the median home value in Cottonwood?
The median home value in Cottonwood, MN is $180,200.
What is the average rent in Cottonwood?
The median monthly rent in Cottonwood, MN is $914.
What is the unemployment rate in Cottonwood?
The unemployment rate in Cottonwood, MN is 3.6%.