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Cohasset, Minnesota Demographics & Population 2026

During the 2020–2024 ACS period, Cohasset, Minnesota had a total population of 2,703, the 223rd largest city in Minnesota, with a median household income of $92,692, which is 4% higher than the state average. The poverty rate is 6.4%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Cohasset Quick Facts

Population 2,703
Median Household Income $92,692
Median Home Value $330,500
Poverty Rate 6.4%
Unemployment Rate 8.6%
Median Age 43.8 years
Homeownership Rate 92.1%
Affordability Ratio 3.6x
Bachelor's Degree or Higher 34.3%
High School Graduation Rate 97.2%
Diversity Index 19/100
Population 2,703 223rd of 914
Median Income $92,692 top 30%
Poverty Rate 6.4% 48% lower than national
Median Home Value $330,500 top 20%

How Cohasset Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,7002,703+0.1%
Median household income$87,833$92,692+5.5%
Median home value$315,700$330,500+4.7%

How Cohasset Compares

Economy & Housing

Household Income Distribution

Under $25K 9.1%
$25K-$50K 22.5%
$50K-$100K 22.4%
$100K+ 46.0%
Detailed income brackets
Under $10K
3.3%
$10K-$15K
0.7%
$15K-$20K
1.8%
$20K-$25K
3.4%
$25K-$30K
3.6%
$30K-$35K
1.1%
$35K-$40K
6.0%
$40K-$45K
5.4%
$45K-$50K
6.4%
$50K-$60K
5.0%
$60K-$75K
5.6%
$75K-$100K
11.9%
$100K-$125K
11.8%
$125K-$150K
5.2%
$150K-$200K
10.0%
$200K+
19.0%

Employment

8.6% Unemployment Rate State: 4.1%|National: 5.2%
61.0% Labor Force Participation

Housing Overview

Owner 92.1%
Renter 7.9%
Affordability Index Affordable
3.6x home value to income ratio
Median gross rent $827/mo 10.7% of median household income annually

People & Demographics

Diversity Index

19out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Cohasset Rankings in Minnesota

#223 Population of 914
#198 Median Income of 887
#176 Education of 914
#141 Home Value of 870

Other Cities in Itasca County

CityPopulationMedian IncomePovertyHome Value
Grand Rapids 11,207 $61,029 15.5% $213,800
Coleraine 2,150 $74,716 10.7% $211,800
Keewatin 1,215 $53,643 19.2% $86,800
Nashwauk 926 $57,589 14.4% $112,300
Deer River 889 $38,824 30.6% $111,200
Marble 669 $53,958 17.0% $102,500
Bovey 646 $64,083 18.7% $122,800
La Prairie 592 $69,375 6.7% $212,800
Taconite 468 $84,375 3.6% $219,600
Bigfork 375 $29,375 38.0% $118,800

Cities Similar to Cohasset

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Breezy Point2,687$85,938$340,80032.5%6.2%
Barnesville2,762$97,917$248,70030.6%1.8%
Dodge Center2,880$93,884$197,60016.7%3.7%
Chatfield2,559$96,078$241,60032.1%5.3%
Lake Crystal2,606$83,317$204,40027.6%7.8%

Population Overview

Cohasset is a small community located in Minnesota, within Itasca County. The total population is 2,703. It ranks as the 223rd most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Cohasset is 43.8 years. This is 13% higher than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Cohasset is $92,692. This is 4% higher than the state median of $89,062. It is also 15% higher than the national median of $80,734. The poverty rate stands at 6.4%. This is 31% lower than the state poverty rate of 9.3%. The unemployment rate is 8.6%. This is 112% higher than the state rate of 4.1%. The median home value is $330,500. Housing costs are about the same as the state median of $329,300. The home-value-to-income ratio is 3.6x. 92.1% of occupied housing units are owner-occupied. This homeownership rate is 27% higher than the state average of 72.2%.

Race & Ethnicity

Cohasset has a predominantly White (non-Hispanic) population, comprising 89.8% of all residents. Hispanic or Latino residents account for 1.5%. The Black or African American population (0.7%) is well below the state average of 7.0%. The Hispanic or Latino population (1.5%) is well below the state average of 6.4%.

Education

34.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 13% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.2%.

Data Sources & Methodology

All demographic data for Cohasset, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Cohasset, Minnesota?

Cohasset, Minnesota has a population of 2,703 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Cohasset, MN?

The median household income in Cohasset is $92,692, which is 15% higher than the national median of $80,734.

What is the poverty rate in Cohasset, MN?

The poverty rate in Cohasset is 6.4%. This means approximately 174 residents live below the federal poverty line.

What is the racial makeup of Cohasset, Minnesota?

Cohasset's population is 89.8% White, 0.7% Black, 1.5% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Cohasset, MN?

The median home value in Cohasset is $330,500. The home-value-to-income ratio is 3.6x.

How educated is Cohasset, Minnesota?

34.3% of adults (25+) in Cohasset hold a bachelor's degree or higher, and 9.9% hold a graduate or professional degree.