A small town located in Minnesota, Corcoran has slightly less than 6,000 residents. Middle-aged professionals can expect to fit right in, as they account for an above-average percentage of the community, while young adults feature less prominently in the demographics. Renters tend to be in the minority in Corcoran, and 94% of residents own their homes. With an average rent of $1,337/month, exceeding the state average by $346 a month, relatively high rent costs could be a factor in the higher levels of ownership.
Corcoran residents have an average commute of about 29 minutes, slower than the Minnesota average of about 25 minutes. Driving a car or truck is the most common mode of getting to work, opted for by 48% of commuters, while public transportation isn't used widely. Few commuters (2%) walk to work, though the number surpasses the national average.
Compared to the national average (13%), Corcoran has a relatively high number of residents over the age of 25 with Bachelor's degrees (16%). In addition, 5% possess a Master's or Doctoral degree. If you're looking for a variety of career options, Corcoran has you covered. The four most common industries are retail, manufacturing, construction, and scientific. Together, these industries account for 31% of the town's labor force. Meanwhile, looking at job function, many of the town's workers are in management, as 12% of the town's population reports this as their field of work, the highest number of any field. Corcoran workers earn an average annual income of about $113K, more than the state average. Corcoran's average income also compares favorably to the national average ($73,345).
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