Also See Cottonwood, MN: ZIP Codes & Maps
The City of Cottonwood had a population of 1,118 as of July 1, 2023.
The primary coordinate point for Cottonwood is located at latitude 44.6088 and longitude -95.6742 in Lyon County. The formal boundaries for the City of Cottonwood encompass a land area of 1.05 sq. miles and a water area of 0 sq. miles. Lyon County is in the Central time zone (GMT -6).
The City of Cottonwood has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
POPULATION | |
---|---|
Total Population | 1,118 (100%) |
Population in Households | 1,104 (98.7%) |
Population in Families | 888 (79.4%) |
Population in Group Quarters1 | 14 ( 1.3%) |
Population Density | 1,123 |
Diversity Index2 | 20 |
INCOME | |
Median Household Income | $67,175 |
Average Household Income | $89,071 |
% of Income for Mortgage4 | 17% |
Per Capita Income | $36,979 |
Wealth Index5 | 80 |
Socioeconomic Status Index6 | Moderate (55.9) |
HOUSING | |
---|---|
Total HU (Housing Units) | 538 (100%) |
Owner Occupied HU | 372 (69.1%) |
Renter Occupied HU | 92 (17.1%) |
Vacant Housing Units | 74 (13.8%) |
Median Home Value | $190,094 |
Average Home Value | $207,325 |
Housing Affordability Index3 | 142 |
HOUSEHOLDS | |
Total Households | 464 |
Average Household Size | 2.38 |
Family Households | 291 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.84% | -0.49% |
Households | -0.46% | -0.39% |
Families | -0.49% | |
Median Household Income | 2.47% | |
Per Capita Income | 2.72% | |
Owner Occupied HU | -0.22% |
The table below compares Cottonwood to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 345 | 62nd |
Population Density | # 236 | 74th |
Median Household Income | # 500 | 45th |
Housing Affordability Index | # 687 | 75th |
Per Capita Income | # 544 | 41st |
Diversity Index | # 476 | 48th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.
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