Corcoran city, Minnesota Demographics & Population 2026
As of 2026, Corcoran city, Minnesota has a total population of 6,854, the 130th largest city in Minnesota, with a median household income of $143,250, which is 64% higher than the state average. The poverty rate is 3.8%.
Key Takeaways
- Household income is 64% above the state average — one of the wealthiest communities in Minnesota.
- An exceptionally low poverty rate of 3.8% — among the lowest in Minnesota.
- 52.8% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
- Near full employment with an unemployment rate of just 1.3%.
Corcoran city Quick Facts
How Corcoran city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Corcoran city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis city | 426,845 | $80,269 | 16.4% | $345,600 |
| Bloomington city | 88,838 | $90,677 | 9.1% | $346,200 |
| Brooklyn Park city | 84,349 | $85,964 | 10.3% | $313,500 |
| Plymouth city | 79,526 | $133,865 | 4.1% | $474,700 |
| Maple Grove city | 70,539 | $129,481 | 3.9% | $397,400 |
| Eden Prairie city | 63,249 | $127,732 | 6.0% | $463,300 |
| Minnetonka city | 53,256 | $120,496 | 4.8% | $456,200 |
| Edina city | 53,125 | $129,225 | 4.4% | $624,000 |
| St. Louis Park city | 49,541 | $100,250 | 7.3% | $371,600 |
| Richfield city | 36,725 | $84,055 | 7.3% | $320,400 |
Cities Similar to Corcoran city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Delano city | 6,712 | $118,091 | $347,500 | 44.7% | 3.2% |
| Byron city | 6,510 | $121,681 | $326,400 | 49.5% | 6.2% |
| Carver city | 5,935 | $144,408 | $427,600 | 61.7% | 1.5% |
| Jordan city | 6,704 | $110,139 | $319,000 | 23.4% | 6.1% |
| Shorewood city | 7,679 | $172,325 | $684,500 | 72.8% | 5.2% |
Population Overview
Corcoran city is a small city located in Minnesota, within Hennepin County. The total population is 6,854. It ranks as the 130th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Corcoran city is 41.5 years. This is 8% higher than the state median of 38.6 years. 10.4% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Corcoran city is $143,250. This is 64% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 82% higher. The poverty rate stands at 3.8%. This is 59% lower than the state poverty rate of 9.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.3%. This is 68% lower than the state rate of 3.9%. The median home value is $540,100. Housing costs are 77% higher than the state median of $305,500. The home-value-to-income ratio is 3.8x. 94.7% of occupied housing units are owner-occupied. This homeownership rate is 31% higher than the state average of 72.4%.
Race & Ethnicity
The largest racial or ethnic group in Corcoran city is White (non-Hispanic), making up 80.3% of the population. Asian residents account for 13.8%. The Black or African American population (1.3%) is well below the state average of 6.7%. The Hispanic or Latino population (1.2%) is well below the state average of 6.2%. The Asian population is significantly higher than the state average (13.8% vs 5.0%).
Education
52.8% of residents aged 25 and older hold a bachelor's degree or higher. This places Corcoran city in the top 10% of all cities in the state for educational attainment. This is 36% higher than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.4%. Notably, 16.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Corcoran city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Corcoran city, Minnesota?
Corcoran city, Minnesota has a population of 6,854 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Corcoran city, MN?
The median household income in Corcoran city is $143,250, which is 82% higher the national median of $78,538.
What is the poverty rate in Corcoran city, MN?
The poverty rate in Corcoran city is 3.8%. This means approximately 257 residents live below the federal poverty line.
What is the racial makeup of Corcoran city, Minnesota?
Corcoran city's population is 80.3% White, 1.3% Black, 1.2% Hispanic/Latino, and 13.8% Asian.
What is the median home value in Corcoran city, MN?
The median home value in Corcoran city is $540,100. The home-value-to-income ratio is 3.8x.
How educated is Corcoran city, Minnesota?
52.8% of adults (25+) in Corcoran city hold a bachelor's degree or higher, and 16.9% hold a graduate or professional degree.