Cost of Living in Corcoran, MN
Population 6,854 · Minnesota · Data vintage 2023
(100 = US avg)
Corcoran sits on the smaller end of the Minnesota city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 1.3% points to a labor market well on the tight side of the national distribution.
Located 20 miles northwest of Minneapolis, Corcoran falls within that metro's commuting orbit. Median home values run roughly 56% higher than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Corcoran
The median home value in Corcoran is $540,100 — 77% above the national median of $305,000. The median household income of $143,250/year is 92% higher than the US median of $74,580. The local unemployment rate is 1.3%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Corcoran has a cost of living index of 177 versus the US average of 100, meaning it is 77% more expensive.
Corcoran has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Corcoran, MN?
Corcoran has a cost index of 177 (100 = national average). It is 77% above the national average.
What is the average home price in Corcoran?
The median home value in Corcoran is $540,100 according to Zillow and Census data.
What is the median income in Corcoran?
The median household income in Corcoran is $143,250 per year (2023 ACS 5-year estimates).
What is the sales tax in Corcoran, MN?
The combined state and local sales tax rate in Corcoran is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Corcoran, MN affordable?
Corcoran is above average in cost of living, with an index of 177 — about 77% higher than the national average.
Corcoran at a Glance
- Population
- 6,854
- Median Income
- $143,250
- Home Value
- $540,100
- Unemployment
- 1.3%
- Sales Tax
- 7.4%
Explore county-level cost of living data
Minnesota Rankings
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