Cottonwood County, Minnesota
Income Data
At a Glance
How Cottonwood County Compares
Detailed Income Statistics
Data Story
About Household Income in Cottonwood County, Minnesota
Cottonwood trails national income average
Cottonwood County's median household income of $68,239 falls about 8.7% below the U.S. median of $74,755, placing it in the lower-middle range nationally. This gap reflects the county's rural character and smaller employment base compared to metropolitan areas.
Below Minnesota's income average
At $68,239, Cottonwood ranks below Minnesota's state average of $75,757, a difference of $7,518 per household. The county's per capita income of $34,105 also lags the state average of $39,335.
Cottonwood among county income peers
Cottonwood's $68,239 median income sits between Faribault County ($64,391) and Freeborn County ($69,012), reflecting similar rural Minnesota economies. The county's affordable housing and lower cost of living partially offset lower wage levels.
Housing costs remain manageable here
With a rent-to-income ratio of 13.4%, Cottonwood households spend well below the national 30% affordability threshold, making housing highly accessible. The median home value of $154,000 is among the most affordable in the region.
Build wealth on rural incomes
Cottonwood's affordable housing and lower living costs create an opportunity to direct more household resources toward savings and investments. Consider maximizing 401(k) contributions and exploring real estate investment in this appreciating market.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Cottonwood County median
County median: $68,239 per year
vs. County Median
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vs. State Average
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vs. National Median
-9%
Income Adequacy
Your monthly income ($5,687) vs. median rent ($765/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.