Corcoran, MN Cost Of Living
Cost Of Living In Corcoran, MN Summary
Cost of living in Corcoran research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Corcoran is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Corcoran is 125, with 100 being the average.
The cost of living index in Corcoran is 1.2x higher than the national average.
Corcoran ranks as the #138 cheapest in Minnesota out of 147.
Corcoran ranks as the #5,043 cheapest out of 6,412 in the US.
The median home value in Corcoran is $429,600.
The median income in Corcoran is $145,897.
Table Of Contents
Corcoran's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Corcoran, MN?
According to the most recent data on the cost of living, Corcoran has an overall cost of living index of 125, which is 1.2x higher than the national index of 100.
Compared to Minnesota, Corcoran has a cost of living index that's 1.3x higher than Minnesota's index of 95.
The standard of living in Corcoran ranks as #138 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Corcoran ranks as the #9 most expensive place in the North Star State.
For more reading on life in Corcoran, check out:
- Living In Corcoran
- Corcoran Crime Report
- Search Homes For Sale In Corcoran, MN
In Minnesota
In America
Corcoran Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Corcoran. Here is how it fairs on each of the criteria:
The Services index in Corcoran is 110.
The Groceries index in Corcoran is 104.
The Health index in Corcoran is 102.
The Housing index in Corcoran is 168.
The Transportation index in Corcoran is 101.
The Utilities index in Corcoran is 95.
| Living Expense | Corcoran | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 125 | 95 | 100 | |
| Services | 110 | 101 | 100 | |
| Groceries | 104 | 98 | 100 | |
| Health | 102 | 111 | 100 | |
| Housing | 168 | 83 | 100 | |
| Transportation | 101 | 98 | 100 | |
| Utilities | 95 | 95 | 100 | |
Corcoran, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Corcoran is $429,600.
The Median Rent in Corcoran is $1,625.
The Median Income in Corcoran is $145,897.
The Home Value To Income in Corcoran is 2.9x.
The Rent To Monthly Income in Corcoran is 0.13x.
| Statistic | Corcoran | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $429,600 | $250,200 | $244,900 |
| Median Rent | $1,625 | $1,081 | $1,163 |
| Median Income | $145,897 | $77,706 | $69,021 |
| Home Value To Income | 2.9x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Corcoran, MN Costs By Category
Detailed Corcoran Services Costs Vs. Minnesota
Detailed Corcoran Groceries Costs Vs. Minnesota
Detailed Corcoran Health Costs Vs. Minnesota
Detailed Corcoran Transportation Costs Vs. Minnesota
Detailed Corcoran Utilities Costs Vs. Minnesota
Corcoran SnackAbility
/10
Cost Of Living In Cities Around Corcoran
The cost of living varies in the cities and towns around Corcoran. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 122, 1.0x Corcoran.
Maple Grove, MN has a cost of living index of 117, 0.9x Corcoran.
Eden Prairie, MN has a cost of living index of 121, 1.0x Corcoran.
| City | Population | Cost Of Living | Vs. Corcoran |
|---|---|---|---|
| Plymouth, MN | 80,034 | 122 | 1.0x |
| Maple Grove, MN | 69,900 | 117 | 0.9x |
| Eden Prairie, MN | 64,048 | 121 | 1.0x |
| Minnetonka, MN | 53,809 | 121 | 1.0x |
| Edina, MN | 53,059 | 135 | 1.1x |
| Champlin, MN | 23,877 | 110 | 0.9x |
| Golden Valley, MN | 22,247 | 116 | 0.9x |
| Rogers, MN | 13,182 | 120 | 1.0x |
| Minnetrista, MN | 8,215 | 146 | 1.2x |
| Shorewood, MN | 7,779 | 134 | 1.1x |
