What is the median household income in Corcoran, MN?
The median household income in Corcoran, MN is $133,423 (±$31,559) a year (2020–2024 American Community Survey).
In Corcoran, the median household income went from $122,075 in 2015–2019 to $133,423 in 2020–2024 (+9.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $133,423 (±$31,559)
- Median renter income
- $70,455 (±$41,195)
Income in Corcoran against Hennepin County, its state and the nation
| Corcoran | Hennepin County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $133,423 (±$31,559) | $97,653 (±$1,190) | $89,062 (±$409) | $80,734 |
| Median renter household income | $70,455 (±$41,195) | $59,890 (±$1,200) | $51,080 (±$531) | $52,966 |
| Median owner household income | $138,239 (±$47,722) | $130,886 (±$1,463) | $108,214 (±$476) | $100,009 |
| Median gross rent | — | $1,487 (±$14) | $1,280 (±$7) | $1,413 |
In Corcoran, median household income is higher than in Hennepin County ($97,653).
It is also higher than in Minnesota ($89,062).
It is higher than the national figure ($80,734).
In Hennepin County, Corcoran ranks 16 of 42 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 100 of 2,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $122,075 (±$9,735) | $133,423 (±$31,559) | +9.3% | No measurable change after inflation |
| Median home value | $335,300 (±$21,081) | $569,400 (±$36,998) | +69.8% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Corcoran
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Corcoran | — | $133,423 (±$31,559) | — |
| Loretto | 4.6 mi | $114,167 (±$27,460) | Not measurably different |
| Medina | 5.0 mi | $230,859 (±$52,472) | Higher |
| Rogers | 5.3 mi | $158,750 (±$23,461) | Not measurably different |
| Hanover | 5.4 mi | $156,536 (±$14,295) | Not measurably different |
| Greenfield | 5.6 mi | $153,750 (±$17,568) | Not measurably different |
| Maple Grove | 5.6 mi | $132,731 (±$5,503) | Not measurably different |
| Dayton | 7.7 mi | $148,947 (±$16,697) | Not measurably different |
| Maple Plain | 7.9 mi | $93,750 (±$17,581) | Lower |
Nearby places with a measurably lower figure: Maple Plain, MN ($93,750).
Nearby places with a measurably higher figure: Medina, MN ($230,859).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Hennepin County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 10 | Minnetrista | $163,051 (±$23,166) |
| 11 | Rogers | $158,750 (±$23,461) |
| 12 | Tonka Bay | $156,458 (±$25,819) |
| 13 | Greenfield | $153,750 (±$17,568) |
| 14 | Dayton | $148,947 (±$16,697) |
| 15 | Plymouth | $136,534 (±$6,585) |
| 16 | Corcoran | $133,423 (±$31,559) |
| 17 | Maple Grove | $132,731 (±$5,503) |
| 18 | Wayzata | $131,614 (±$12,844) |
| 19 | Eden Prairie | $130,489 (±$4,539) |
| 20 | Edina | $128,767 (±$7,641) |
| 21 | Minnetonka | $119,517 (±$4,391) |
| 22 | Champlin | $116,102 (±$5,981) |
Showing 13 of 42 places in Hennepin County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Corcoran
What is the median household income in Corcoran?
The median household income in Corcoran is $133,423 (±$31,559) a year (2020–2024 American Community Survey).
Have incomes in Corcoran kept up with inflation?
In Corcoran, the median household income went from $122,075 in 2015–2019 to $133,423 in 2020–2024 (+9.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Corcoran?
The median renting household in Corcoran, MN earns $70,455 (±$41,195) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Corcoran city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Corcoran city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Corcoran city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Corcoran city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Corcoran city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Corcoran city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Corcoran city, Minnesota (place:13168, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Corcoran at a glance
- Home values in Corcoran
- Homeowner costs in Corcoran
- Property taxes in Corcoran
- Types of homes in Corcoran
- Bedrooms in Corcoran
- Age of homes in Corcoran
- Heating fuel in Corcoran
- Commute and cars in Corcoran
- Crime reported to police in Corcoran
- Population growth in Corcoran
- How long people stay in Corcoran
- Crowding and facilities in Corcoran
- Minnesota landlord and tenant rules
- Housing across Hennepin County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota