Corcoran, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Corcoran, Minnesota had a total population of 7,302, the 125th largest city in Minnesota, with a median household income of $133,423, which is 50% higher than the state average. The poverty rate is 3.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 50% above the state average — one of the wealthiest communities in Minnesota.
- An exceptionally low poverty rate of 3.5% — among the lowest in Minnesota.
- 54.6% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
- Near full employment with an unemployment rate of just 1.1%.
Corcoran Quick Facts
How Corcoran Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 6,854 | 7,302 | +6.5% |
| Median household income | $143,250 | $133,423 | -6.9% |
| Median home value | $540,100 | $569,400 | +5.4% |
How Corcoran Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Corcoran Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis | 427,246 | $80,846 | 16.0% | $362,200 |
| Bloomington | 88,665 | $93,211 | 9.2% | $361,700 |
| Brooklyn Park | 83,876 | $89,891 | 9.5% | $336,200 |
| Plymouth | 79,220 | $136,534 | 4.3% | $491,200 |
| Maple Grove | 71,173 | $132,731 | 4.0% | $418,300 |
| Eden Prairie | 63,051 | $130,489 | 4.6% | $473,900 |
| Edina | 53,262 | $128,767 | 4.7% | $646,300 |
| Minnetonka | 53,064 | $119,517 | 5.9% | $475,800 |
| St. Louis Park | 49,594 | $101,648 | 6.9% | $386,800 |
| Richfield | 36,642 | $85,132 | 8.2% | $344,000 |
Cities Similar to Corcoran
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Albertville | 8,207 | $132,734 | $343,700 | 44.7% | 1.1% |
| Byron | 6,646 | $124,010 | $345,300 | 48.2% | 4.2% |
| Mahtomedi | 8,133 | $123,319 | $476,000 | 64.7% | 3.8% |
| Delano | 6,942 | $109,946 | $375,200 | 48.0% | 4.0% |
| Belle Plaine | 7,423 | $99,315 | $318,200 | 32.7% | 2.7% |
Population Overview
Corcoran is a small city located in Minnesota, within Hennepin County. The total population is 7,302. It ranks as the 125th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Corcoran is 41.9 years. This is 8% higher than the state median of 38.8 years. 11.9% 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 is $133,423. This is 50% higher than the state median of $89,062. It is also 65% higher than the national median of $80,734. The poverty rate stands at 3.5%. This is 62% lower than the state poverty rate of 9.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.1%. This is 72% lower than the state rate of 4.1%. The median home value is $569,400. Housing costs are 73% higher than the state median of $329,300. The home-value-to-income ratio is 4.3x. 95.1% of occupied housing units are owner-occupied. This homeownership rate is 32% higher than the state average of 72.2%.
Race & Ethnicity
The largest racial or ethnic group in Corcoran is White (non-Hispanic), making up 77.4% of the population. Asian residents account for 15.6%. The Black or African American population (0.4%) is well below the state average of 7.0%. The Hispanic or Latino population (1.9%) is well below the state average of 6.4%. The Asian population is significantly higher than the state average (15.6% vs 5.1%).
Education
54.6% of residents aged 25 and older hold a bachelor's degree or higher. This places Corcoran in the top 10% of all cities in the state for educational attainment. This is 38% higher 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 96.2%. Notably, 16.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Corcoran, 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 Corcoran, Minnesota?
Corcoran, Minnesota has a population of 7,302 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Corcoran, MN?
The median household income in Corcoran is $133,423, which is 65% higher than the national median of $80,734.
What is the poverty rate in Corcoran, MN?
The poverty rate in Corcoran is 3.5%. This means approximately 258 residents live below the federal poverty line.
What is the racial makeup of Corcoran, Minnesota?
Corcoran's population is 77.4% White, 0.4% Black, 1.9% Hispanic/Latino, and 15.6% Asian.
What is the median home value in Corcoran, MN?
The median home value in Corcoran is $569,400. The home-value-to-income ratio is 4.3x.
How educated is Corcoran, Minnesota?
54.6% of adults (25+) in Corcoran hold a bachelor's degree or higher, and 16.0% hold a graduate or professional degree.