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Corcoran, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
7,302
Population
$133,423
Median Income
$569,400
Home Value
41.9
Median Age

Demographics

Corcoran has a population of 7,302 with a median age of 41.9. Here is the racial and ethnic breakdown of the population:

White
77.4%
Asian
15.6%
Other
4.7%
Hispanic
1.9%
Demographic Value
Total Population7,302
Median Age41.9
White77.4%
Black or African American0.4%
Asian15.6%
Hispanic or Latino1.9%
Other / Two or More Races4.7%
Corcoran, Minnesota — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 77.4%Asian: 15.6%Other: 4.7%Other: 2.3%7,302PopulationWhiteWhite77.4%AsianAsian15.6%OtherOther4.7%OtherOther2.3%

Income & Economy

The median household income in Corcoran is $133,423, which is 65.5% above the national median of $80,610. The per capita income is $67,146. The poverty rate is 3.6%.

$133,423
Median Household Income
$67,146
Per Capita Income
3.6%
Poverty Rate

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Education

In Corcoran, 96.2% of residents age 25+ have a high school diploma or higher, and 54.6% hold a bachelor's degree or higher (16.0% with a graduate or professional degree).

HS Diploma+
96.2%
Bachelor's+
54.6%
Graduate+
16.0%
Education Level % of Adults (25+)
High School Diploma or Higher96.2%
Bachelor's Degree or Higher54.6%
Graduate or Professional Degree16.0%

Housing

The median home value in Corcoran is $569,400, above the national median of $303,400. The homeownership rate is 95.1%.

$569,400
Median Home Value
95.1%
Homeownership Rate
Housing Metric Value
Median Home Value$569,400
Homeownership Rate95.1%
Vacancy Rate2.7%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Corcoran, Minnesota?
The population of Corcoran, Minnesota is 7,302 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Corcoran, Minnesota?
The median household income in Corcoran, Minnesota is $133,423. This is 65.5% above the national median of $80,610.
What is the median home value in Corcoran, Minnesota?
The median home value in Corcoran, Minnesota is $569,400.
What percentage of people in Corcoran have a college degree?
In Corcoran, Minnesota, 54.6% of adults age 25 and older hold a bachelor's degree or higher, and 96.2% have a high school diploma or higher.
Is Corcoran, Minnesota an affordable place to live?
The home price-to-income ratio in Corcoran, Minnesota is 4.3x (median home value $569,400 vs. median income $133,423), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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