Corcoran, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
125
Corcoran's Overall Cost Of Living
1.2x
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:

138 out of 147
In Minnesota
5,043 out of 6,412
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
For more reading on cost of living around Minnesota, check out:
Corcoran Cost of Living Vs. MN

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
Search Homes For Sale In Corcoran, MN
$429,600
Median Home Value
$1,625
Median Rent
$145,897
Median Income

Corcoran, MN Costs By Category

Detailed Corcoran Services Costs Vs. Minnesota

Item Corcoran Minnesota
Shampoo $1.09 $1.06
Movie $9.96 $10.68
Bowling $22.57 $14.67
Haircut $24.2 $18.62
Beauty Salon $34.39 $39.05

Detailed Corcoran Groceries Costs Vs. Minnesota

Item Corcoran Minnesota
Ground Beef $4.4 $4.22
Fried Chicken $2.1 $1.39
Milk $2.6 $2.05
Potatoes $3.32 $3.29
Pizza $12.99 $10.62
Beer $8.96 $9.38
Toothpaste $3.36 $2.34

Detailed Corcoran Health Costs Vs. Minnesota

Item Corcoran Minnesota
Optometrist $89.59 $108.57
Doctor $147.85 $116.17
Dentist $86.94 $99.13

Detailed Corcoran Transportation Costs Vs. Minnesota

Item Corcoran Minnesota
Gasoline $2.06 $2.22
Tire Balancing $58.37 $50.07

Detailed Corcoran Utilities Costs Vs. Minnesota

Item Corcoran Minnesota
All Electricity $160.63 $167.67
Phone $180.98 $175.64

Corcoran SnackAbility

6
/10
Overall SnackAbility
Jobs
9.5/10
Housing
9
Affordability
8.5
Diversity
5
Safety
9.5
Amenities
6
Education
8.5
Commute
6

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

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