Cost of Living in Corcoran, MN

With a cost of living index of 121, Corcoran, MN is a notably expensive place to live. Living here is 21% more expensive than the national average and 39% above the Minnesota state average of 82. Corcoran is a smaller community of 6,854 residents, where everyday costs can differ substantially from nearby larger cities.

The median household income in Corcoran is $143,250, which is 91% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the Minneapolis-St. Paul-Bloomington, MN-WI (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.