Cottage Grove, Minnesota Income Statistics
Cottage Grove Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
A
Cottage Grove Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cottage Grove | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $122,606 | $89,852 | $80,455 |
| Median Personal Income | $72,511 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.4% | 4.8% |
| Six-Figure Earners | 18.4% | 15.1% | 13.9% |
| $200k+ Households | 17.9% | 13.8% | 13.2% |
The median household income in Cottage Grove is about 36% higher than in Minnesota. Income has been growing slower in Cottage Grove (4.4%/yr) than in Minnesota (4.4%/yr).
About 18% of adults in Cottage Grove earn six figures ($100,000 or more) a year, higher than the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cottage Grove, Minnesota grew by 48.9% from 2009 to 2024, reaching $122,606 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Cottage Grove
| Metric | Cottage Grove | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.482 | 0.507 | 0.552 |
| Male Median Income | $84,836 | $74,898 | $69,667 |
| Female Median Income | $69,029 | $62,922 | $56,850 |
| Gender Pay Gap | 18.6% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Cottage Grove, it is 0.482, lower than Minnesota's 0.507, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 23% more than women's income in Cottage Grove, Minnesota. Over a 35-year career, a 23% wage gap accumulates to roughly $553,245 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cottage Grove, Minnesota has narrowed from about 24% to 19% in 2024. Over that period the gap was widest at 26% in 2011, and was narrowest at 14% in 2018. In dollar terms, the gap has widened by $1,904 since 2009.
Employment
| Metric | Cottage Grove | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 4.1% | 5.2% |
| Working from Home | 21.3% | 17.6% | 15.0% |
| Commute time (minutes) | 23 | 20 | 22 |
Approximately 839 people are unemployed in Cottage Grove, Minnesota.
The average commute time in Cottage Grove is 23 minutes, longer than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cottage Grove, Minnesota has fallen from 6.5% to 3.7% in 2024. Over that period the rate fell as low as 1.8% in 2019.
Cottage Grove, MN Wealth Compared With Nearby Cities
How Cottage Grove, MN compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Cottage Grove, MN | 39,611 | $122,606 #2/3 | 4.4%/yr #2/3 | 3.7% #2/3 | 0.482 #2/3 |
| Woodbury, MN | 78,283 | $125,468 | 2.6%/yr | 3.9% | 0.494 |
| Inver Grove Heights, MN | 34,071 | $102,159 | 4.7%/yr | 3.5% | 0.477 |
Conclusion
Considering all these factors, Cottage Grove, Minnesota has an overall wealth index grade of A, making it somewhat better than Minnesota, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cottage Grove, Minnesota.
How Rich Is Cottage Grove, Minnesota?
Cottage Grove has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $122,606, about 36% higher than the Minnesota average of $89,852.
How fast is household income rising in Cottage Grove, Minnesota?
Between 2009 and 2024, the median household income in Cottage Grove, Minnesota rose 49%, from $82,330 to $122,606. Over the same years, income here lagged behind Minnesota as a whole: +49% against +57%.
What was the median household income in Cottage Grove in 2023?
In 2023, the median household income in Cottage Grove, Minnesota was $121,558, up 2% from $118,797 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Cottage Grove in 2020?
In 2020, the median household income in Cottage Grove, Minnesota was $104,534. By 2024 it had risen 17% to $122,606.
What is the Gini coefficient in Cottage Grove, Minnesota?
The Gini coefficient in Cottage Grove is 0.482. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Cottage Grove, Minnesota?
Since 2009, the income gap between men and women in Cottage Grove, Minnesota has narrowed from about 24% to 19% in 2024. Over that period the gap was widest at 26% in 2011, and was narrowest at 14% in 2018. In dollar terms, the gap has widened by $1,904 since 2009.
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