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The total population of Corcoran is estimated to be 6,549 with 3,470 males (52.99%) and 3,079 females (47.01%). There are 391 less females than males in Corcoran.
The median household income in Corcoran was $157,702 in 2021, which marked an an increase of 368(0.23%) from $157,334 in 2020. This income is 211.38% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Corcoran sees its highest median household income among householders in the age group of 45 to 64 years old, at $171,595. Overall, the median household income for the city of Corcoran stands at $157,702.
In Corcoran, the median income for all workers aged 15 years and older, regardless of work hours, was $71,101 for males and $54,286 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $97,064 for males and $67,726 for females.
In Corcoran, population is primarily represented by White households, reporting a median income of $157,807.
In 2022, the population of Corcoran was 7,384, a 9.30% increase year-by-year from 2021. Previously, in 2021, Corcoran's population was 6,756, an increase of 7.85% compared to a population of 6,264 in 2020.
The median age in Corcoran, MN is 42.9, as per 2021 ACS 5-Year Estimates. Of the total population, 21.45% were under the age of 15, 11.75% aged 15 to 29, 47.44% aged 30 to 64, 18.24% aged 65 to 84, and 1.12% were 85 years of age and older.
Racial distribution of Corcoran population: 87.37% are White, 1.20% are Black or African American, 0.55% are American Indian and Alaska Native, 8.71% are Asian, 0.14% are some other race and 2.03% are multiracial.